📈 Powell testimony helps US500 recover

Fed Chair Powell said that interest rates will remain low until full employment is reached. In previous years' conditions of full employment were met when the unemployment rate stayed below 4%. Now it sits above 6%. Moreover, Powell highlighted that temporary inflation pick-ups are not a problem and the economy is still far from reaching Fed's goals. Speech from Powell provided support for equity bulls and started a turnaround on Wall Street.

US500 broke above key resistance at 23.6% retracement and slowly approaches the 3,900 pts area. Additionally, an inverse head and shoulders pattern may be building up with yesterday's dip marking head of the pattern. Source: xStation5

2 October 2026, 11:43 AM

Market Wrap: Tech stocks stabilize sentiment in Europe 📈 Adidas and Puma resilient despite Nike’s sell-off?

2 October 2026, 7:38 AM

Chart of the Day: Sharp sell-off in China 📉 HK.cash posts its biggest decline since March (02.10.2026)

2 October 2026, 6:44 AM

Morning wrap: Strong Wall Street, weak Europe and Asia 🚩 NFP to test equity strength

1 October 2026, 6:47 PM

Daily Summary: Wall Street Recovers as Micron Shines and Oil Prices Rise Again

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