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The market expects the possibility of the Fed raising interest rates by 75 basis points to be as high as 89%

2022-06-15
950
Fundamental analysis:

On Tuesday, June 14, the Dow Jones index closed down 150.79 points, or 0.49%, at 30365.95; Investors significantly increased their bets that the Federal Reserve would raise interest rates by 75 basis points instead of 50 basis points on Wednesday. This change in expectations intensified the fierce selling in the global market.


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




Technical comments: the short position continued to go down near the downtrack of the Bollinger belt index. After the low position reached the node near 30111, the Bollinger belt index continued to go down in a closing trend. The MACD index maintained its consolidation and translation at the low position in the short position area, and the RSI index remained weak at the bottom of the short position area;


Multi empty turning point: 30498


Pressing position: 30703, 30922


Support position: 30154, 29943


Trading strategy: 30498 down bearish, target 30154, 29943


Alternative strategy: bullish above 30498, target 30703, 30922


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.

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