September 9, US stock indexes declined significantly, after the comments of Boston Fed President Eric Rosengren, as well as under the pressure of falling oil prices. Boston Fed President Eric Rosengren said Friday that he is supporting a gradual increase in interest rates, saying that waiting too long increases risks for the economy. “My personal opinion, based on the data we have received to date, is that reasonable steps must be taken to continue the movement towards a gradual normalization of monetary policy,” Rosengren said.
The S & P 500 dropped to its lowest level in the last two months, dropping -53.59 points, or -2.45%, ending the session at 2,127.81.
The Dow Jones Industrial Average fell by -394.46 points, or -2.13%, to the level of 18.085.45.
The Nasdaq Composite Index lost -133.58 points, or -2.54%, closing at 5,125.91.
The beginnings of the new week in the Asian session began with multidirectional trading. Asian stock indexes are traded in negative territory, as investors have again begun to talk about the fact that the Federal Reserve may decide to raise interest rates in the United States early next week. Nikkei Stock Averag dropped by -292.84 points, or -1.73%, ending trading at 16.672.92. Pressure on the Japanese markets, including investor concerns, the possibility of a speedy completion, a market stimulus program, the Bank of Japan.
Continuing decline in valuable commodities, still negatively affect the Australian market, where the S & P / ASX 200 index lost during today’s trading -119.57 points, or -2.24%, ending trading at 5,219.61. < / p>
The Chinese market also declined, while the Shanghai Composite lost -56.88 points during today’s trading session, or -1.85%, to close at 3,021.98. At the same time, the Hang Seng index is flying down, losing -766.88 points, or -3.12%.
After the formation on Friday, on the daily chart of the USD / JPY currency pair, a high wave reversal candle, the bears returned to the market, starting to move south. After that, we can expect a continuation of the decline in quotations of the USD / JPY currency pair, in the direction of the key support level of 101.01. Alternative option. In the case of the resumption of growth and the breakdown of the high level, the daily candle on Friday, we can expect the continuation of the bullish dynamics, to test the key resistance level of 103.52.
Quotes of the currency pair AUD / USD continue to show a decline and there is no reason to talk about a likely reversal of the movement. Today we can expect the continuation of the bearish dynamics, to the testing of the key support level of 0.7490, and in case of a breakdown, the continuation of the decline towards the key support level of 0.7305.
Today, the quotes of the NZD / USD currency pair continued to decline, as a result, having completed the key support level of 0.7296, in the case of the breakdown and consolidation below which, we can expect the bearish dynamics to continue working out of the key support level of 0.7053.
As a result of Friday’s decline, gold quotes could break through to consolidate below 1329.62. But today, on the H4 chart, a reversal candle has formed, a high wave. After that, there is a possibility of renewed growth. Thus, in the event of a breakdown and consolidation of quotes, above the level of 1329.62, the bulls will likely resume movement northward, in the direction of the key resistance level of 1357.64. An alternative option, in the event of a rebound, from the key resistance level of 1329.62, bears will be able to continue the downward movement in the direction of the key support level of 1304.32.
Review prepared by Fort Financial Services analytical department. Follow our publications!