Technical analysis of US500
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.
US500
Weekly data preview: focus on the RBA as reopening continues
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.
Tips for traders, 26 May 2020
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.
Weekly data preview: focus on governmental response to covid-19
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.
Midweek data preview: GDP around the world; virus panic sinks shares
GDP data are in focus this week, particularly releases from Canada and the USA but also Hong Kong, Turkey and various EU countries.
Midweek forex data preview: trade balance around the world ahead of the NFP
News from Iraq has overshadowed the economic calendar so far this week, but traders are still looking ahead to Friday’s NFP.