- U.S. markets open slightly in the red
- Dollar relatively strong at the beginning of the session
- Yields on 10-year U.S. bonds gain to 4.27%
The end of this week looks tense. Markets are witnessing a slight return to safe assets, with both the dollar (USD) and yields on 10-year U.S. bonds gaining significantly. Next week is scheduled for the Fed's interest rate decision and Chairman Jerome Powell's conference. Although leaving interest rates at their current level is almost certain, markets will closely watch Powell's statements regarding the next cuts. In the past few weeks, markets were dominated by euphoria, with capital flowing into risky assets like stocks and Bitcoin. Today's strong dollar might be a precursor to an impending correction in the stock markets, which have been moving in an upward trend almost nonstop since the beginning of this year.
US500
Today we observe much higher levels in contracts, due to the rollover that took place between yesterday and today. Nonetheless, the scale of increases in the indices in recent weeks has been large, and there hasn't been any significant correction along the way. At the time of publication in the U.S. market, we are witnessing slight declines and a strong rise in the dollar's value, which could be a sign of the first breathlessness in a long time. In such a scenario, the next support level to watch is 5000 points.
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Source: xStation 5
Company News
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Source: xStation 5
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