Key Levels and US Market Review for the Asian session open 3/05
Major Indexes in Europe and the US came under pressure as traders went risk off. New banking concerns for the US weighed on the action along with worse than expected economic data. Traders will be focused now on the FOMC rate statement to see what the Fed has to say about inflation. Expectations are that the Fed will raise rates 0.25% and potentially signal one more rise....as long as inflation data comes down further. US key employment data out Friday will also be a focus for the remainder of the week.
Expecting a weaker open for Asian markets after the selloff into the overnight session. Expecting the ASX200 to open down 35/40 points while the Hang Seng to open down 180 points.
With a resilient US economy, sticky inflation is the big issue and also a slowing economy. Traders will be eager to hear what the US Fed has to say in the FOMC statement.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
Expecting a weaker open for Asian markets after the selloff into the overnight session. Expecting the ASX200 to open down 35/40 points while the Hang Seng to open down 180 points.
With a resilient US economy, sticky inflation is the big issue and also a slowing economy. Traders will be eager to hear what the US Fed has to say in the FOMC statement.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
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