Sign up >>
Download MetaTrader 5
Forecast and levels for S&P 500 - page 31
To add comments, please
The closing of European markets in today’s session was not uniform in terms of
and sectors of activity, although with contained fluctuations. Business results remained the theme of the day.
In macroeconomic terms, the number of weekly applications for unemployment benefits reached 232 000, more than the expected 230 000. On the other hand, the Philadelphia Fed’s economic activity index stood at 23.2 in April, above the estimated 20.0, while the advanced economic indicators for March registered an evolution of 0.30%, a behavior in line with the expected.
The price of oil was reversed in today’s session, influenced by the tweet of US President Donald Trump, who says that OPEC kept prices “artificially very high” and “would not accept it.” The major oil companies ended today’s session with slight losses.
Dollar rises overnight, 10-year yield holds close to 2.97%
Stocks nosedived today (Tuesday), with the Dow Jones industrial average sinking 600 points at session lows.
As expected, the ECB kept interest rates unchanged as well as the stimulus policy to the economy covering the monthly purchase program of 30,000 M.€ in assets up to September. At the press conference after the meeting, Mario Draghi confirmed that the
is undergoing a more moderate growth period, although it remains consistent with a solid expansion phase. Regarding inflation, Draghi mentioned that the ECB’s board of governors remains confident that inflation will converge towards the monetary authority’s target (inflation next but below 2%).
European markets were up on the last day of the week. As in the US, the highlight is for the technology sector.
In terms of
, consumption-related inflation, the measure most considered by the Fed, stood at 1.90% in March, compared to the same month last year, which puts it at highest level of the last 17 months. In the same month, household income increased 0.30% (vs. 0.40% estimated) and expenses grew 0.40% (vs.
The dollar had its biggest advance in more than a week.
relaxed toward inflation rising above 2 percent signaling no intention to accelerate a gradual tightening of monetary policy.
FED should raise benchmark rates in June.
S&P support at 2550, it is noticeable there the index start to buy.
To add comments, please
Online trading / WebTerminal
Free technical indicators and robots
Articles about programming and trading
Order trading robots on the Freelance
Market of Expert Advisors and applications
Follow forex signals
Low latency forex VPS
News, implementations and technology
MQL5 language of trading strategies
MQL5 Cloud Network
Terms and Conditions
Privacy and Data Protection Policy
Contacts and requests
Join us — download
Not a broker, no real trading accounts