{"id":2377,"date":"2020-09-16T13:34:00","date_gmt":"2023-03-31T20:19:05","guid":{"rendered":""},"modified":"2024-05-29T08:08:56","modified_gmt":"2024-05-29T08:08:56","slug":"market-daily-outlook-ending-correction-or-just-a-reaction","status":"publish","type":"post","link":"https:\/\/blog.zulutrade.com\/fr\/market-daily-outlook-ending-correction-or-just-a-reaction\/","title":{"rendered":"Market Daily Outlook – Ending Correction or just a Reaction?"},"content":{"rendered":"

The markets are moving within green territory including the US premarket ahead of the FED’s announcement later today. Analysts don’t expect any major changes or surprises regarding their strategic policy as economic indicators show recovery signs. The interest rates will probably remain unchanged but Federal Reserve is going to talk about 2023 forecasts for the first time. In the meantime, Apple <\/span>announced <\/span><\/a>a series of new products (hardware and software) including the new Apple Watch, new iPad as well as a new Fitness+ workout services. Even though the equity didn’t record a new daily low, it lost its intraday gains as traders took an opportunity to proceed with profit-taking. <\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

Reviewing other major economic news, the EU trade surplus was increased to €27.9bn in July while the UK’s inflation rate fell further to 0.2% which is the lowest since 2015. Additionally, Producer prices dropped by 0.9%. Getting to Asia, Yoshihide Suga was officially elected as new Japan’s prime minister who <\/span>promised <\/span><\/a>that he will continue the key policies of Prime Minister Shinzo Abe.<\/span><\/p>\n

Reviewing the charts, NAS100 is flirting with the broken rising trendline which acts a major resistance. However, if the price remains above 20EMA in the daily, it will be considered positive. SPX500 is following the rising channel and has a similar behavior as NAS100. GER30 is still consolidating within a tight range while UK100 is rising gradually towards the upper side of the falling channel.<\/p>\n

 <\/p>\n

NAS100 Daily
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<\/span><\/p>\n

SPX500 Daily
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GER30 Daily 
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UK100 Daily
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CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

The USOil canceled its bearish bias and finally performed a sharp breakout of its symmetrical triangle. This was the result of Hurricane Sally which forced over 25% of American oil and gas producers to shut down their operations. <\/span><\/p>\n

USoil 240min
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On the contrary, XAUUSD has finally reached and is currently testing the upper side of the triangle. If the commodity performs a valid bullish breakout then it will activate a major upside target.<\/p>\n

XAUUSD 240min
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Disclaimer<\/strong><\/p>\n

The views expressed do not constitute investment or any other advice \/recommendation \/suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of<\/span> ZuluTrade Social Trading Platform<\/span><\/a> and do not constitute an offer or invitation to anyone to invest or trade.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The markets are moving within green territory including the US premarket ahead of the FED’s announcement later today. Analysts don’t expect any major changes or surprises regarding their strategic policy as economic indicators show recovery signs. The interest rates will probably remain unchanged but Federal Reserve is going to talk about 2023 forecasts for the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2377","post","type-post","status-publish","format-standard","hentry","category-market-view"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1716970004:4"],"rank_math_seo_score":["14"],"rank_math_og_content_image":["a:2:{s:5:\"check\";s:32:\"b9c7c2f34859bc3749d572a504269c41\";s:6:\"images\";a:6:{i:0;s:56:\"\/image.axd?picture=\/2020\/1692020\/NAS100Daily 1692020.png\";i:1;s:56:\"\/image.axd?picture=\/2020\/1692020\/SPX500Daily 1692020.png\";i:2;s:55:\"\/image.axd?picture=\/2020\/1692020\/GER30Daily 1692020.png\";i:3;s:55:\"\/image.axd?picture=\/2020\/1692020\/UK100Daily 1692020.png\";i:4;s:56:\"\/image.axd?picture=\/2020\/1692020\/USOilSpotH4 1692020.png\";i:5;s:53:\"\/image.axd?picture=\/2020\/1692020\/XAUUSDH4 1692020.png\";}}"],"rank_math_analytic_object_id":["163"]},"pll_post_group":null,"_links":{"self":[{"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/posts\/2377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/comments?post=2377"}],"version-history":[{"count":1,"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/posts\/2377\/revisions"}],"predecessor-version":[{"id":3987,"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/posts\/2377\/revisions\/3987"}],"wp:attachment":[{"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/media?parent=2377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/categories?post=2377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/fr\/wp-json\/wp\/v2\/tags?post=2377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}