Markets recovered sharply from their earlier lows on the back of comments from US Trade Representative Jamieson Greer, who told CNBC that Donald Trump was still set to meet Chinese premier Xi Jinping. But it remains to be seen whether the US and China will come to some sort of an agreement, perhaps an extension of the tariff truce. That scenario looks more likely than a complete breakdown into a full-blown trade war. However, the risks are undeniably rising.
Anyway, the SPX500 is now testing key resistance here between 6648 to 6655, marked in yellow on the chart. Unless it goes on to make a higher high above 6677 on this hourly chart, and hold above it, there is still the risk we could see another dip as we head deeper in the US session.
By Fawad Razaqzada, market analyst with FOREX.com
Anyway, the SPX500 is now testing key resistance here between 6648 to 6655, marked in yellow on the chart. Unless it goes on to make a higher high above 6677 on this hourly chart, and hold above it, there is still the risk we could see another dip as we head deeper in the US session.
By Fawad Razaqzada, market analyst with FOREX.com
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.