CM Trade

Download APP to receive bonus

GET

The Fed believes that a sharp interest rate hike will provide policy flexibility later this year

2022-05-26
843
Fundamental analysis:

The Dow Jones index closed up 191.66 points, or 0.60%, at 32120.28 on Wednesday, May 25; At the close of US stocks, the three major stock indexes fluctuated higher, and the Dow closed up 200 points. The minutes of the meeting on May 3-4 released by the Federal Reserve on Wednesday showed that "most participants believe that it may be appropriate to raise interest rates by 50 basis points at each of the next two meetings.


Dow Jones dj30 - 4-hour K-line chart shows:




Technical comments: the low-level bull power continues to move upward in the narrow range of the upper rail section in the Bollinger belt index channel, the Bollinger belt index shows a closing trend and moves upward continuously, the MACD index is maintained above the 0 axis and moves upward slowly, and the RSI index is hovering above the 50 equilibrium line;


Long short turning point: 31934


Pressing position: 32340, 32602


Support position: 31637, 31366


Trading strategy: bullish above 31934, target 32340, 32602


Alternative strategy: 31934 bearish below, target 31637, 31366


The above analysis is a personal point of view and is for reference only.

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More