विदेशी मुद्रा विश्लेषण और समीक्षा: 19.04.2023

19.04.2023 03:17 PM

US pre-market trade on April 19, 2023. Stock markets face renewed pressure

US stock index futures are trading in negative territory on Wednesday, alongside European equities, as bond yields rise amid continued reports of corporations suffering from high inflation and interest rates. Nasdaq 100 futures, sensitive to interest rates, have fallen by roughly 0.8%, while S&P 500 contracts are down by 0.5%. The yield on 10-year Treasury bonds has increased by 4 basis points.

As mentioned earlier, against the backdrop of ongoing hawkish statements from US policymakers, investors are monitoring earnings reports for signs of how central banks' efforts to contain inflation are affecting economic activity. Yesterday's results from major US lenders remain mixed: Goldman Sachs Group Inc. failed to benefit from high interest rates, while Bank of America Corp. exceeded profit expectations. Today, we await the report from Morgan Stanley.

However, as some fund managers note, the focus is now on reducing risks, as nothing good can come from tightening monetary policy by central banks. The Stoxx Europe 600 Index has declined by roughly 0.3%, and shares of ASML Holding NV have dropped by 4.8% after the Dutch chipmaker's earnings report raised concerns about demand prospects amid high prices.

UK inflation data, which remained at elevated levels, led to a rise in the yield on two-year UK bonds by 15 basis points. As for US interest rates, the current target range is between 4.75% and 5%. Interest rate swaps point to a quarter-point increase by the Federal Reserve in May, with rate cuts beginning only in July.

In other markets, Bitcoin has fallen below the $30,000 level. Oil prices have declined as investors weighed signs of reduced crude oil inventories in the US against concerns about uneven demand recovery. Gold and iron ore prices have fallen after Chinese authorities pledged to curb "unwarranted" price increases.

As for the technical outlook for the S&P 500, risk assets remain in demand. Yet, the instrument will extend its rise only when bulls manage to push the price above $4,150 and $4,180. If so, the door will be open to the next level of $4,208. Another task for buyers is to maintain control of the $4,229 level. This will intensify the bullish bias. If the index moves down amid a rising possibility of more rate hikes and a looming recession, buyers will have to assert their strength near the range of $4,116. Otherwise, its breakout will push the price below $4,090 and $4,060 and will pave the way towards $4,038.

आज की यह पोस्ट अपने पहले ही पसंद कर ली है

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

यदि आपके कोई सामग्री संबंधी प्रश्न हैं, तो कृपया editorial-board@instaforex.com से संपर्क करें।

Stock Markets

Jakub Novak,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 2007-2025

इस लेखक के और भी लेख

ई-मेल सदस्यता

EURUSD

Euro vs US Dollar

समय सीमा चुनें

मिनट

घंटा

घंटे

दिन

सप्ताह

ट्रेड शुरू करें

Earn on cryptocurrency rate changes with InstaForex

Download MetaTrader 4 and open your first trade

अनुशंसित लेख

अमेरिकी शेयर बाजार को समर्थन की तलाश

13 मार्च को स्टॉक मार्केट: SP500 और NASDAQ की बढ़त अस्थायी थी।

ट्रम्प की वॉल स्ट्रीट नेताओं के साथ बैठक से बाजार में स्थिरता आने की उम्मीद

6 मार्च को स्टॉक मार्केट: S&P 500 और NASDAQ में गिरावट रुकी

5 मार्च को शेयर बाज़ार: S&P 500 और NASDAQ निचले स्तर पर पहुंचने का प्रयास कर रहे हैं

सोना, एआई और क्रिप्टोकरेंसी: 2025 के वैश्विक आर्थिक बदलावों के पीछे प्रेरक शक्तियाँ

4 मार्च को स्टॉक मार्केट: S&P 500 और NASDAQ में गिरावट जारी

28 फरवरी को शेयर बाज़ार: S&P 500 और NASDAQ में गिरावट

27 फरवरी को शेयर बाजार: S&P 500 और NASDAQ निचले स्तर से उबरे

एनवीडिया, पैलंटिर और माइक्रोसॉफ्ट ने नैस्डैक पर दबाव बनाया: आगे क्या होगा - एक और गिरावट या वापसी?

शीर्ष एनालिटिक्स