US Rate Rise and US Regional Banks

Articles From: Updata Analytics
Website: Updata Analytics


MFTA, Founder of Updata

  • US quarter percentage rate rise much as expected, US Regional Banks – downside targets.
  • US Dollar steady after rate rise, watch the key levels now.
  • Sterling stronger.
  • Bitcoin struggling to get back above 30K, but big upside target still there.
  • US stocks, set to open a little higher today based on futures.
  • S&P 500 Index still has work to do to get back above previous 4,200 point high.
  • US markets still below their weekly clouds. UK market failing to make a new high, same for the DAX.
  • Asia little changed overnight. India looking better.
  • Gold holding the $2,000 level now, consensus is we will go to $2,500.
  • Silver good above $25.
  • US Bond yields fall back but new upside target, despite what the market thinks on the Fed.
  • Energy – Crude Oil big falls again this week. Carbon breaks to new lows! Watch the targets.
  • European Gas new lows as well.
  • German Power – back below critical level, trading range now key.

Originally Posted May 4, 2023

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