Technical analysis of US500
US500 has continued upward this week and breached the 50% Fibonacci retracement area as risk-on returns to markets. Here’s a look at the four-hour chart.
US500 has continued upward this week and breached the 50% Fibonacci retracement area as risk-on returns to markets. Here’s a look at the four-hour chart.
US500 has been volatile with some losses in the aftermath of the bitter American presidential debate early this morning GMT. Here we’re looking at important areas on US500 H4 ahead of the NFP.
US500 has broken above its post-crash highs this week as sentiment has improved and markets eye a covid vaccine. Today’s TA looks at the four-hour chart of the index.
Positivity dominated stock markets from today’s opening as more countries continue to ease lockdowns. This week’s key data include German balance of trade and the RBA’s meeting.
Despite gradual reopening of the American economy, unemployment remains very high. Central banks around the world are expected to keep cutting rates and introduce more easing.
It’s the fifth week of panic in markets over the spreading coronavirus. Check out some important technical areas on various charts in this article.
GDP data are in focus this week, particularly releases from Canada and the USA but also Hong Kong, Turkey and various EU countries.
News from Iraq has overshadowed the economic calendar so far this week, but traders are still looking ahead to Friday’s NFP.