UMS (LONG - SG MKT) - Educational

The following is the purpose of education and do not constitute as any form of financial advisory.

UMS
E: S$0.55
S: S$0.51
T: S$0.68

Remarks: Symmetric Triangle breakout

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Eventful Week: FOMC Decision and Earnings Reports Headline Upcoming Week

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  Eventful Week: FOMC Decision and Earnings Reports Headline Upcoming Week The week ahead is shaping up to be a busy one for the markets, with the Federal Open Market Committee (FOMC) meeting and earnings season taking center stage. The FOMC is widely expected to raise interest rates by 25 basis points on Wednesday, in an effort to combat inflation. This will be the first rate hike after June's pause, and investors will be closely watching the accompanying statement for any clues about the pace of future rate hikes. Earnings season is also in full swing, with more than 100 companies in the S&P 500 scheduled to report results this week. Investors will be looking for signs of how companies are weathering the current economic and geopolitical challenges. In the meantime, China markets appear to be stabilizing, with the yuan holding steady against the dollar below 7.25 and KweiChow Moutai (600519), a vital component of the China A50 index, which displays strength by breaking out
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Wyckoff's Law of Effort

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