
The G20 summit took place in Bali, Indonesia, on November 2022…
Don’t waste your time – keep track of how NFP affects the US dollar!
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Nobody even would be dare to say that such indices like S&P 500, Dow Jones, or Nasdaq will drop in the long term. It’s clear for everybody these well-known indices will rally up no matter what. Even Warren Buffet, one of the most famous investors, has advised his trustees to invest 90% of the money he will leave to his wife in a very low-cost S&P 500 index fund.
This is good advice for newbies and risk-averse investors. However, if you are willing to take a higher amount of risk to increase the potential size of your profit, you should invest the larger part of your capital into stocks. Let’s say 50% into stocks, 50% into indices (in this example we eliminate currency pairs and other assets).
Anyway, almost every investor has stock indices in his/her portfolio as they have one key advantage. An index, especially the popular one like S&P 500 or NASDAQ, is a low-risk investment as it’s an already diversified asset. If one stock loses its value, the other one will rise and offset the losses. Yes, the growth wouldn’t be too fast as some individual stocks may offer, but you will save yourself from unexpected huge losses. It's a so-called trade-off.
What stock indices to trade in May?
Tech outlook of S&P 500
US 500 (S&P 500) has just broken the psychological level of 4200. Thus, the way up to 4300 is clear now. However, the index wouldn’t grow fast to that price target, it’s likely to have struggled to move above the resistance zone of 4200-4250 as there is the upper line of Bollinger Bands, which the S&P 500 has failed to cross many times. Besides, keep an eye on the RSI indicator. Once it’s above 70.00, it will signal the index is overbought and thus it’s likely to reverse down.
It should be interesting to trade S&P 500 during NFP. If the report is better-than-expected, it may confirm bullish trends and help the stock index to rally up further. On the flip side, the poor NFP figures may worsen the market sentiment and trigger the sell-off of the index.
The G20 summit took place in Bali, Indonesia, on November 2022…
The deafening news shocked the whole world yesterday: the British Queen Elizabeth II died peacefully at the age of 96…
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates? Recall that the Federal Open Market Committee had previously ended the year 2022 with a 50bps hike, and an indication from Powell, the committee chairman, that the Fed could consider raising interest rates by 75bps in the course of the year 2023.
Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.
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