4 Critical Market Signals to Watch as All Eyes Turn to Powell’s Speech

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 51 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 53%

USD/CAD Nachrichten

Nasdaq 100,S&P 500,NVIDIA Corporation

Stocks Analysis by Michael Kramer covering: USD/CAD, Nasdaq 100, S&P 500, NVIDIA Corporation. Read Michael Kramer's latest article on Investing.com

falling by 89 basis points. The drop could have been steeper if not for a late 19 basis point rebound in a one-minute candle at 3:59 PM.

Yesterday’s smaller MOC raises questions. It’s the first time in a while we've seen such a minor close, suggesting that yesterday’s decline might have prompted a shift in those systematic funds., and it also appears that the futures broke an upward-sloping channel. It seems the market finds it easy to rally when there’s low volume, but as soon as that volume starts to tick higher, the rally stops.

This means that once he’s done speaking, there’s still nearly a full day of trading left, unlike the brief 45-minute window after an FOMC meeting. So, while a volatility crush could occur as he speaks, it may not last. This 1.36 region is a strong candidate for a potential bounce, possibly pushing the pair higher toward the 1.39 area.While these bearish engulfing patterns haven’t been highly effective lately, it’s worth noting that similar patterns formed on July 11 and August 1, both of which led to significant declines in the days that followed. So, this one should still be respected.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 450. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock Market Week Ahead: Watch for Volatility Spike as S&P 500 Faces Pivotal PointMarket Overview Analysis by Michael Kramer covering: USD/JPY, S&P 500, CBOE Volatility Index. Read Michael Kramer's latest article on Investing.com
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

4 Key Market Indicators to Spot Signs of Exhaustion in the Comeback RallyMarket Overview Analysis by Michael Kramer covering: USD/JPY, USD/CAD, USD/MXN, S&P 500. Read Michael Kramer's latest article on Investing.com
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Market Eyes CPI Report, but Tomorrow’s Jobless Claims May Hold the Real SurpriseMarket Overview Analysis by Michael Kramer covering: USD/JPY, 10-2 Year Treasury Yield Spread. Read Michael Kramer's latest article on Investing.com
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

What the Yen Pairs Are Telling Us About Stock Market's Next DirectionMarket Overview Analysis by Michael Kramer covering: USD/JPY, AUD/JPY, MXN/JPY, S&P 500. Read Michael Kramer's latest article on Investing.com
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »