Key Levels and US Market Review for the Asian session open 21/03Share markets bounce back ahead of FOMC after news that UBS will buy Credit Suisse. The rescue news was taken as a positive as bargain hunters supported lows and sent Europe higher with the bullishness flowing over into the US market open. Expecting the market to be supported into FOMC and the Feds outlook on inflation and interest rates. This meeting will be interesting as the recent banking issues led many to believe the Fed will not raise and potentially cuts rates soon.
A review of the price action from the European session and the US session.
I look at some key levels to watch and the price action setups I expect to see play out on the major markets below.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
