You are here: Home > articles > Forex > US premarket on July 25: Chinese leaders advocate further economic stimulation
US premarket on July 25: Chinese leaders advocate further economic stimulation
July 25, 2023 1:22 pmVideo
Latest News
- Bitcoin slides ahead of halving event – Crypto News April 18, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 18-20, 2024: buy above $62,500 or $63,037 (4/8 Murray – rebound) April 18, 2024
- GBP/USD. April 18th. Andrew Bailey did not clarify the situation on QE April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 18-20, 2024: buy above $2,375 (6/8 Murray – 21 SMA) April 18, 2024
- Technical Analysis – Netflix stock moves within narrow range ahead of earnings April 18, 2024
- Technical Analysis – GBPUSD tries to recoup some losses April 18, 2024
- USD/JPY in crisis April 18, 2024
- EUR/USD: trading plan for US session on April 18. EUR gets stuck at 1.0686 April 18, 2024
- Fed to keep policy tight for longer than markets view April 18, 2024
- Technical Analysis – BTCUSD drops to 6-week low as halving looms April 18, 2024
- Midweek Technical Look – EURUSD, US 500, WTI April 18, 2024
- Technical Analysis – AUDJPY pulls back but stays in uptrend April 18, 2024
- Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin from Sebastian Seliga April 18, 2024
- Video market update for April 18, 2024 April 18, 2024
- Technical Analysis – WTI oil futures exit sideways move to the downside April 18, 2024
- Market Comment – US dollar on the back foot as nervousness lingers in equity markets April 18, 2024
- Hot forecast for EUR/USD on April 18, 2024 April 18, 2024
- EUR/USD and GBP/USD: Technical analysis on April 18 April 18, 2024
- Trading plan for GBP/USD on April 18. Simple tips for beginners April 18, 2024
- Trading plan for EUR/USD on April 18. Simple tips for beginners April 18, 2024
Investors seem hesitant to make big bets due to uncertainty about signals from the US Federal Reserve and the European Central Bank. This week, reports from Microsoft Corp., LVMH, and Google Alphabet Inc.’s parent company are expected, which may bring some surprises.
As a result, investors do not feel secure enough to re-enter the stock market ahead of such an eventful week. Considering the recent data from the US is somewhat tolerable, a continuation of the bullish rally can be expected if the Fed announces the end of its rate-hiking cycle to combat inflation.
On Tuesday, the key review of eurozone bank lending revealed a record decline in demand for corporate loans. Alongside gloomy business forecasts from Germany and yesterday’s data, many questions arise about the ECB’s ability to continue raising interest rates aggressively.
Following the Politburo meeting, Chinese leaders stated their readiness to provide additional support to the economy, leading to a rise in technology company stocks listed on the Hong Kong Stock Exchange. The Chinese real estate index also increased. This stimulating signal led to growth in emerging markets stocks and commodity companies. Shares of mining companies Anglo American Plc and Rio Tinto Plc surged by more than 3%. As for currencies, the yuan reached its strongest level in over a week.
Wheat prices rose to a five-month high after Russia suspended grain deals.
Regarding the S&P 500 index, demand for the trading instrument remains. Bulls have a chance to continue the uptrend, but they need to hold the price above $4,557 and $4,582. From these levels, a surge to $4,609 may happen. Another important task for bulls is to control $4,637 to strengthen the bullish market. In case of a downward movement due to decreased risk appetite, bulls should protect $4,539. A breakthrough of this level may quickly push the trading instrument back to $4,515 and $4,488.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: