RoboForex Team
Well-known member
US Tech forecast: the index enters a downtrend
The US Tech index has fallen 12% from its all-time high and continues to decline. The US Tech forecast for next week is negative.
US Tech forecast: key takeaways
The Federal Reserve’s decision to hold interest rates steady within the 3.50–3.75% range is moderately favourable for the US Tech index, as the regulator did not raise borrowing costs further. However, the accompanying statements by the Fed chairman significantly weaken the positive effect of keeping the rate unchanged.
This is particularly important for the US Tech index. A significant share of its market capitalisation consists of companies whose valuations depend on expectations of high future profits.
RoboForex Market Analysis & Forex Forecasts
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
The US Tech index has fallen 12% from its all-time high and continues to decline. The US Tech forecast for next week is negative.
US Tech forecast: key takeaways
- Recent data: the US Federal Reserve kept the interest rate at 3.75%
- Market impact: the current data is negative for the technology sector
The Federal Reserve’s decision to hold interest rates steady within the 3.50–3.75% range is moderately favourable for the US Tech index, as the regulator did not raise borrowing costs further. However, the accompanying statements by the Fed chairman significantly weaken the positive effect of keeping the rate unchanged.
This is particularly important for the US Tech index. A significant share of its market capitalisation consists of companies whose valuations depend on expectations of high future profits.
RoboForex Market Analysis & Forex Forecasts
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Sincerely,
The RoboForex Team
