DJIA: the US stock market vosstanvlivaetsya
World and, above all, the US stock markets recovered
after a serious fall two days ago. The fall of the dollar and the US stock market
index on Wednesday was caused by media reports that Trump
(Allegedly) asked the former FBI director James Comey, who was dismissed from his
post a few days earlier, to terminate the investigation against Michael
Flynn, who held the post of first president of the National Adviser
security. The news came after reports that Trump handed
classified information to the Russian authorities that could harm national
US security. Against this background, increased talk of a possible impeachment
Nevertheless it, the day before the restoration is observed
The dollar and US indices.
Yesterday the US Treasury and President Steven Mnuchin
Federal Reserve Bank of Cleveland Loretta Mester hastened to reassure
Steven Mnuchin said that “the president is full of Trump
determination to implement tax reform as soon as possible. ” Loretta Mester,
which is also a member of the FOMC Fed
gave a positive assessment of the US economy and said that the central
the bank will continue to raise interest rates in order to “avoid risks to growth
macroeconomic stability, which may occur if it is allowed
overheating of the economy. “
The dollar and the US indices also received yesterday
support from published data on the number of applications for the grant of
Unemployment in the United States, which fell the third consecutive week, indicating that the
steady growth in the number of jobs. business activity index for May,
published by the Federal Reserve Bank of Philadelphia, significantly exceeded the expectations of economists that
also gave confidence to investors (38.8 vs. 19.5 and 22.0 in
At present, the economic calendar is empty for the US, however,
pay attention to the performance of FOMC members and the head of the Federal Reserve Bank of St. Louis
James Bullard (starts at 13:15 GMT). It is likely that Bullard also followed
Mester indicate a high probability of imminent rate hikes in the United States.
The next meeting of the Fed on this issue will be held on June 13-14, and many
investors have to price in a rate hike at this meeting.
According to CME Group, the probability of a rate hike in
Next month, the newly estimated at 74%. On the one hand, the probability of imminent
interest rate increase back from shopping to more active
US stock market, as rate increase makes the dollar more expensive.
On the other hand, as has often been noted earlier, Fed Chairman Janet Yellen, increasing
rate says about the strength of the US economy, and this is a positive factor for
The dollar and the US stock market, which, nevertheless, prevails
Support and resistance levels
the recent fall of the DJIA lost all the achievements of the past
weeks, having fallen below the opening level of the previous month near the mark
20650.0. DJIA index broke through the support level of 20620.0 (lower line of the rising channel on the daily
chart), down to the level of 20500.0.
With the opening of
today’s trading day and the beginning of the European session the DJIA continues to recover, re
return in a rising channel on the daily chart, the upper limit of which
21170.0 extends above the level (absolute maxima and annual).
confirm the rising trend of the indices DJIA is necessary to gain a foothold above the level
20825.0 (EMA200 the 4-hour and 1 hour charts).
OsMA and Stochastic
on the 1-hour and 4-hour charts deployed on long positions.
index dynamics can fully recover is already above the level of 20820.0.
Long positions can already open in the zone above the level of resistance 20750.0 (EMA50
on the daily chart).
In an alternative scenario, the reduction index
should dip below the local minimum and May near the mark 20500.0
downward dynamics will continue to grow, then the index may continue to decline
support levels 20360.0 (April lows), 19990.0 (December
maxima) 19850.0 (EMA200 daily chart and Fibonacci correction level 23.6%
to an increase in the wave with the level of 15660.0 after recovering in February this year to
collapse in the markets since the beginning of the year. The maximum level of the waves and
Fibonacci is near 0% mark 21170.0).
Changing the bullish trend to bearish occur only after
how the DJIA falls below the level of 19850.0. So far, the predominant bullish
Support levels: 20620.0. 20500.0,
20360.0, 20110.0, 19990.0, 19850.0
Resistance Levels: 20750.0,
20820.0, 20885.0, 20980.0, 21170.0
Buy in the market. Stop-Loss 20610.0.
Take-Profit 20750.0, 20820.0, 20885.0, 20980.0, 21170.0
Sell Stop 20610.0. Stop-Loss 20760.0. Take-Profit 20500.0, 20360.0,
20110.0, 19990.0, 19850.0
*) To-date and detailed
analyst to look at the company’s website Tifia in tifia.com/analytics section
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