31.01.2023: Investors revising portfolios ahead of Fed verdict (S&P500, USD, CAD, Bitcoin).
28.03.2023: USD drops amid ECB’s plans for key rate.
2023-03-28 15:46 UTC+3
28.03.2023: Risk appetite improves as banking fears ease. Outlook for oil, gold, RUB
2023-03-28 15:20 UTC+3
28.03.2023: USD fails to maintain further rise; outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-03-28 15:07 UTC+3
27.03.2023: Wall Street shrugging off fears about banking crisis but stoking recession.
2023-03-27 19:12 UTC+3
27.03.2023: Scholz’s statements of zero importance. Traders wait for ECB’s comments.
2023-03-27 17:38 UTC+3
27.03.2023: Oil prices remain range-bound. Outlook for oil, gold, RUB
2023-03-27 15:21 UTC+3
27.03.2023: FSOC fails to abate market concerns; USD hesitant to pick up trajectory.
2023-03-27 14:55 UTC+3
24.03.2023: US statistical reports may allow USD to recover. Outlook for EUR/USD and GBP/USD
2023-03-24 17:35 UTC+3
24.03.2023: Oil dips as US holds off refilling strategic reserve. Outlook for oil, gold, RUB
2023-03-24 15:37 UTC+3
24.03.2023: Fed caught between rock and hard place; outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-03-24 14:38 UTC+3
23.03.2023: USD loses momentum; JPY spreads wings. Outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-03-23 14:48 UTC+3
23.03.2023: Fed becomes confused as recession approaches. Outlook for EUR/USD and GBP/USD
2023-03-23 14:12 UTC+3
23.03.2023: Oil to resume slide. Outlook for oil, gold, RUB
2023-03-23 14:02 UTC+3
22.03.2023: Final rate hike? Wall Street awaits Powell’s comments with bated breath.
2023-03-22 19:32 UTC+3
22.03.2023: How Europe manages to put USD under pressure? Outlook for EUR/USD and GBP/USD
2023-03-22 15:17 UTC+3
22.03.2023: JPY wins luster with investors; USD unable to climb. USDX, USD/JPY, AUD/USD, NZD/USD
2023-03-22 14:47 UTC+3
22.03.2023: Fed rate decision takes focus. Outlook for oil, gold, RUB
2023-03-22 14:32 UTC+3
21.03.2023: Investors dispelling fears; risky assets gaining ground after sell-off.
2023-03-21 19:55 UTC+3
21.03.2023: USD to face sell-off?
2023-03-21 15:40 UTC+3
21.03.2023: USD breaks out of narrow range ahead of Fed meeting; USDX, USD/JPY, AUD/USD, NZD/USD
2023-03-21 15:33 UTC+3
21.03.2023: Recession fears return. Outlook for oil, gold, RUB
2023-03-21 15:20 UTC+3
Today the Federal Reserve is opening a two-day policy meeting. The interest rate decision will be unveiled on Wednesday. Until then, Wall Street is revising forecasts and digesting corporate reports. The economic calendar will complement the full picture. InstaForex analysts will help you assess the risks.

Fears, caution, and a low trading volume set the stage for a decline in the benchmark stock indices. The culprit for a decline was the high-tech and energy sectors. The Dow Jones lost 260 points or 0.77% yesterday. The Nasdaq printed the worst losses of 1.96%. The S&P 500 was 0.30% down to close at 4,017.
The indices did not revive optimism on Tuesday. The major stock indices extended their losses as investors are cautious ahead of the Fed’s policy decision. A variety of factors are able to influence market sentiment today. Still, investors prefer the wait-and-see approach. The S&P 500 is expected to trade in the intraday corridor between 3,970 and 4,050.  
Wall Street was hit by another sell-off. The high-tech sector tumbled by 1.9%. The energy sector slumped by 2.3% amid falling oil prices.

The stock market halted its climb and is now trading quietly ahead of policy meetings of major central banks. Besides, rising yields of US Treasuries are putting a lid on risky assets.

Despite a decline on Monday, the S&P 500 is on track to its biggest growth since 2019. According to Refinitiv, more than 140 companies have reported on their corporate earnings. The aggregate profit of the companies in the S&P 500 could have contracted by 3% in the fourth quarter from a year ago.

As for the corporate news, Johnson & Johnson’s shares fell by 3.7% after a panel of federal appeals judges rejected its lawsuits over its talc products causing cancer.

The market is now focused on the pending Fed’s decision. The central bank signaled its intention to raise the funds rate by 25 basis points, the smallest rate hike in the last 10 months. So, investors hope for a pause in aggressive monetary tightening.

The market is wondering whether the Fed officials will signal further rate hikes.

Now market participants project the federal funds rate to reach the ultimate level at 4.75-5% in March that will be followed by rate cuts. If the forecast comes true, this will encourage the stock market and risky assets will come under pressure.

On early Tuesday, investors found promising signs. According to a business activity survey released today, China’s economic activity got back on track in January after a three-month contraction. Besides, the EU GDP edged up by 0.1% in the fourth quarter defying the consensus of a 0.1% downtick.

In this context, the International Monetary Fund upgraded the global economic forecast for 2023 on the back of remarkably buoyant demand in the US and Europe.

The IMF expects the global GDP to drop to 2.9% in 2023 from 3.4% in 2022. The IMF foresees acceleration in the global GDP to 3.1% in 2024.

As for the economic calendar, the US employment cost index showed some signs of cooling down. Employment spending in the US grew by 1% in the final quarter of 2022, down from a 1.2% increase in the previous quarter and slightly below the consensus of 1.1%. Moreover, wages rose by 1% and employment benefits climbed by 0.8%, down from 1.3% and 1% respectively in the previous third quarter.

In the early New York session, the market will get to know the consumer confidence index by the Conference Board.

The high-tech sector remains under selling pressure. The Chinese stocks listed on US exchanges fell by 1.7% as media reported that Biden’s administration stopped approving licenses for US companies to export most items for 5G and other technologies to China’s Huawei. The news confirms renewed jitters in the US - China technological war. ExxonMobile, Pfizer, McDonald's, Caterpillar, and AMD are due to present their corporate reports later today. They could encourage the appropriate sectors.
The US dollar eventually got a second wind and recovered from pessimism. Having gained 0.31% intraday, the index climbed to 102.56 and later slipped to 102.4. The intraday corridor for the US dollar index is seen between 101.9 and 102.8.


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00:00 INTRO
00:27 S&P500
01:23 USA
02:58 QUOTES
05:02 USDX
06:44 USD | CAD
07:03 OIL
07:59 BTC | USD
Trader’s calendar on March 27-29: Confidence in US economy is in question.
Trader’s calendar on March 23-24: US Fed setting tone for financial markets?
Trader’s calendar on March 20-22: What shapes USD more: banking crisis or Federal Reserve?
Trader’s calendar on March 16-17: USD losing bullish momentum?
Trader’s calendar on March 9-10: What can be more serious than Fed Chair’s testimony?
Trader’s calendar on March 6-8:Global central banks still considering future monetary policy changes
Today the network of international InstaForex broker representatives has over 200 offices all over the world. One of them is in Kuala Lumpur, the capital of Malaysia. The company’s office is comfortably located on the 40th floor of the world-famous skyscrapers – Petronas Twin Towers raising over 450 meters high. The towers are considered as the symbol of the capital which is cultural, economic and financial center of Malaysia. We present you the reportage of InstaForex TV film group that visited the modern South-Asian megalopolis.
Max Chilton, Marussia F1 Team driver, speaks about the nuances of motorsports racing (Moscow City Racing, Moscow)
Trader’s calendar on March 27-29: Confidence in US economy is in question.
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