US FED widely expected to halt rate hike
Market should be receiving the widely anticipated rate halt from US FOMC meeting week. Again, US FED Chair’s speech becomes critical in forecasting the committee’s interest rate policy.
Technically, S&P 500 remained halt by its 4,300 resistance level. Despite our team having an upward outlook, we will be cautious for the week ahead after the index having rallied close to 13% gain since March this year.
We did not uncover any trade set up over the weekend but will continue to lookout as the week advance.
Headlines for Week Ahead:
US FOMC meeting
US CPI, PPI Reports
US Michigan Consumer Sentiment Report
China Ind Prod, Retail Sales, Ppty Sales
SG NODX Report