Morning Call - Beware of Bullish Trap, index retreats to test important support, Update information on FOMC meeting minutes


Global stocks fell, the fear of high interest rates returned. Almost all FOMC participants agreed that it was appropriate to raise the target range for the federal funds rate by 25bps at the first monetary policy meeting of 2023. Participants noted that recent inflation data showed a welcome reduction in the monthly pace of price increases but stressed that substantially more evidence of progress across a broader range of prices would be required to be confident that inflation was on a sustained downward path. 

Domestic stocks continued to plummet with high order matching. Asian central banks may need to continue raising interest rates if core inflation has not shown signs of cooling down to target, according to the International Monetary Fund (IMF).


  • Domestic and international news
  • Fed continued to raise interest rates, updated information on FOMC meeting minute
  • Technical view and recommendations

Page: 12


File format: pdf

Size: 1.34 MB