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Nasdaq Composite: recovery of stock markets _28/06/2016

Technical analysis and trading recommendations - https://fxpcm.com/en/fx/nasdaq-composite-recovery-stock-markets-28062016

US stock indexes since the opening of today's trading day show a moderate recovery after the sharp fall of the previous two sessions. Nasdaq Composite Index rose 1.0% to reach 4235.0.
UK Finance Minister George Osborne made an attempt on Monday to reassure the financial markets, saying that the British economy is strong and remains stable, and the banks and the financial system of Great Britain are healthy.
Japanese Finance Minister Taro Aso also said today that although the uncertainty in the financial markets still remains, the markets are more stable than the worst-case scenario envisaged.
Nevertheless, markets continue to be in the deep after the failure took place last Friday in the UK referendum.
The uncertainty of investors in the near future market recovery, and about the future of the UK is maintained.
For two trading sessions on Friday and Monday the major US indices lost positions won in a few weeks, and the pound reached a low of 30-year-old.
For concerns about the state of the world economy and the Fed's ability to stimulate economic growth and inflation in the country were added concerns about the consequences of the UK exit from the EU.
Investors buying government bonds and other assets-seekers, such as gold, yen. The yield on 10-year US Treasury bonds, which is inversely proportional to their value dropped to 1.461%, which roughly corresponds to a record low level for the closure of US bonds (1.404%) in July 2012.
Also rose sharply on Monday and the US dollar. The WSJ dollar index, which tracks the US currency against a basket of 16 major currencies, rose 1.1% to 87.50.
Today there is some recovery of stock markets, which are supported by the view that the worst is behind us, and the fact that the Fed is unlikely to raise rates will now be in the US this year. Futures included in the price for 17% chance of lowering rates, not raising them at the November meeting of the Fed.
From the news today forward block key macroeconomic US data (annual GDP data for the first quarter, the indices on private consumption, retail sales costs, housing prices, the level of US consumer confidence for June) in the period from 12:30 to 14:00 (GMT). At 20:30 the American Petroleum Institute (API) will publish its report on the change in US oil inventories last week.

Tuesday, 28 Jun, 2016 / 12:03

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Source : http://fxpcm.com/en/fx/nasdaq-composite-recovery-stock-markets-28062016

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