Forex Analysis & Reviews: 06.03.2023 - US premarket on March 6:...

Live Chat

InstaForex Loprais Team - Dakar rally的正式参与者

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Become Trader

开户

另见

交易条件

外汇分析

图表

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

如何开始交易

有用信息

Training and recordings

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

PAMM 系统

外汇跟单系统

被动投资

OYS 帐户

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Become Partner

主页

合作伙伴区域

同盟的优势

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Bonuses

比赛

事件

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

Full details

论坛

我们在社交网络

外汇幽默

外汇门户

InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

Learn More

History

为什么选择我们

InstaSport

法规

公司新闻

奖项

InstaForex 明星

InstaForex 线下

Headquarters

关键文件

的社会责任

InstaForex - 龙之队的官方合作伙伴

06.03.2023 01:28 PM

US premarket on March 6: Stock market believes in bright future

Stock indices are showing calm trading after last week's rally as investors await Powell's speech while watching whether or not US Treasury yields will continue to decline from recent highs. The impact of China's economy on future global economic growth is also an additional incentive for continued demand for risky assets.

The European Stoxx 600 index strengthened slightly, while the S&P 500 and Nasdaq 100 futures traded flat, trying to build on Friday's rally after Chinese leaders set a lower-than-expected economic growth target that could protect against the rollout of large-scale stimulus from China. Everyone feared was due to the risk of rising global inflation. On the other hand, this has hit commodity prices and put pressure on mainland Chinese stocks.

Meanwhile, the 10-year US Treasury bond yield fell below the psychologically important 4% level to about 3.93%. This also helped the S&P 500 index break its three-week losing streak, while the Nasdaq 100 had its best day since early February. Eurozone bonds also strengthened as investors trimmed expectations for peak interest rates in the bloc.

Investors are waiting for Fed Chairman Jerome Powell's speech to the Senate and House committees. His statements are likely to echo the recent hawkish comments made by other Fed officials. Nevertheless, current market prices suggest an interest rate hike to 5.4%. A 25 basis point rate hike is fully accounted for at the March 21-22 Fed meeting but there is a fairly high probability of a 50 basis point hike.

Notably, the monthly payroll data, due out Friday at the end of the week, may be more subdued than the previous month, which will help calm some Fed members and allay their fears.

Meanwhile, iron ore, crude oil, and copper prices continue to decline. The commodities index is down as much as 1%. The commodities-sensitive Australian and New Zealand dollars have lost ground.

Bitcoin and Ethereum are showing no signs of life after the sharp collapse associated with miners. The future direction of trading instruments depends on Powell and the appetite for risk, which can only increase after the speech. Many are predicting a bullish March this year, so if Powell says nothing new, we can count on that scenario.

As for the S&P 500 index, the demand for risky assets remains. The index may continue to grow if bulls manage to get above $4,064 today, reaching $4,091. Bulls also need to control $4,116, This may cancel the bear market. After that, we can expect a more confident rush to $4,150. If the trading instrument declines amid strong US data, as well as a lack of demand, bulls will have to protect $4,038. If this level is pierced, the trading instrument may plummet to $4,010 and $3,980.

你今天已经点赞上这篇文章了

*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。