Key Levels and US Market Review for the Asian session open 26/04
Major Indexes in the US moved lower led by the Nasdaq while Europe is expected to play catchup when they open for the coming session and open weaker. Sentiment turned sour after some key companies either missed the mark on earnings or guided down while economic data came in weaker than expected triggering recession concerns again. The action was 'risk off' which could continue in coming sessions as both Gold and USD rallied on a safe haven bid and Copper and Oil (focused on demand) fell.
I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed. Traders will now have to deal with recession talk which will hamper bulls and stoke selloff fears.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed. Traders will now have to deal with recession talk which will hamper bulls and stoke selloff fears.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
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