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The apocalypse in the market is postponed - Bank of America

Bank of America, stock, The apocalypse in the market is postponed - Bank of America

Bank of America reported a decrease in "apocalyptic" market sentiment.

Investors are rushing back into stocks and bonds. History predicts a strong growth in the US stock market in the coming year, according to Bloomberg.

The results of the monthly survey of managers of large funds in August showed an improvement in market sentiment, Bank of America (BofA) reported. Investor sentiment is still negative, but not as "apocalyptic" as a month ago, writes RBC.

Investors are rushing back into stocks and bonds amid speculation that inflation in the US has peaked, and the Fed will soon enough complete the cycle of raising rates to keep the US economy from recession, according to BofA.

The previous July survey showed record pessimism: investors' investments in stocks fell to the levels of the 2008 financial crisis.

A new survey has shown that expectations have increased among professional investors that the shocks of inflation and rate hikes will end in the next few quarters.

In August, investors' interest returned to American stocks, securities of technology and consumer companies. At the same time, investors were selling stocks from the protective sectors and securities of manufacturers of consumer goods.

The main risk for the markets, according to professional investors, remains stable elevated inflation. In second place is the risk of a global recession, followed by aggressive actions by central banks to raise rates.

After two months of growth, more than 90% of the components of the S&P 500 index are trading above their 50-day moving averages. From the point of view of history, this is a great sign for the US stock market, writes Bloomberg.

Since 2003, there have been 11 such episodes, after which the S&P 500 grew by an average of 5.7% and 18% in the next three and twelve months, respectively. The growth of the index occurred in 10 out of 11 cases, which indicates a very high reliability of this signal.

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Forex analysis for GBP/USD and USD/CAD on 04/09/2023
GBP/USD, currency, USD/CAD, currency, Forex analysis for GBP/USD and USD/CAD on 04/09/2023 Express forex forecast for the GBP/USD pairBased on technical modeling for the pound/dollar pair, a forecast of further movement has been formed and the average price is predisposed to decline.In this technical situation, the pound can be sold from the level of 1.2614, you can also place a pending sell order at the level of 1.2679 in order to decrease to the area of 1.2525-1.2445, the stop with this strategy can be placed at the level of 1.2725.If we receive a profit of 30 points or more, we fix 50% of the position, and put the rest at breakeven. If this forecast for the GBP/USD pair coincides with your opinion, then you can safely use this strategy.Forex strategy for the USD/CAD pairThe USD/CAD pair is trading within an uptrend on a 4-hour chart. It shows that the USD/CAD exchange rate is trading above the moving average with a period of 55 on the hourly chart (level 1.3549), which generally contributes to the price increase in the short term. I recommend working on this pair from sales based on the established wave model.The signal to open a long position will be a breakdown at the end of the resistance hour at the level of 1.3629 in order to increase to the resistance at the level of 1.3678 and in case of its breakdown at the end of the hour to 1.3736.  The stop loss with this strategy can be placed at the level of 1.3540.The signal to open a short position will be a breakdown at the end of the support hour at 1.3549 with the aim of reducing to support at 1.3488 in case of its breakdown at the end of the 1.3429 hour. The stop loss with this strategy can be placed at the level of 1.3653.Given that the moving average and the location of the boundaries of technical figures are moving over time, it is necessary to adjust their position on the hourly chart. I also recommend opening positions at the end of the hour to avoid false breakouts.
Sep 04, 2023 Read
Express forex forecast for GBP/USD and USD/CAD on 08/29/2023
GBP/USD, currency, USD/CAD, currency, Express forex forecast for GBP/USD and USD/CAD on 08/29/2023 Express forex forecast for the GBP/USD pairBased on technical modeling for the pound/dollar pair, a forecast of further movement has been formed and the average is urgently predisposed to an increase.In this technical situation, the pound can be bought from the level of 1.2591, you can also place a pending purchase order at the level of 1.2551 in order to increase to the area of 1.2733-1.2984, the stop with this strategy can be placed at the level of 1.2530.If we receive a profit of 30 points or more, we fix 50% of the position, and put the rest at breakeven. If this forecast for the GBP/USD pair coincides with your opinion, then you can safely use this strategy.Forex strategy for the USD/CAD pairThe USD/CAD pair is trading within an uptrend on a 4-hour chart. It shows that the USD/CAD exchange rate is trading above the moving average with a period of 55 on the hourly chart (level 1.3547), which generally contributes to the price increase in the short term. I recommend working on this pair from sales based on the established wave model.The signal to open a long position will be a breakdown at the end of the resistance hour at 1.3627 in order to increase to the resistance at 1.3678 and in case of its breakdown at the end of the hour to 1.3719. Stop loss with this strategy can be placed at 1.3560.The signal to open a short position will be a breakdown at the end of the support hour at the level of 1.3488 with the aim of reducing to support at the level of 1.3429 in case of its breakdown at the end of the hour 1.3381. The stop loss with this strategy can be placed at the level of 1.3615.Given that the moving average and the location of the boundaries of technical figures are moving over time, it is necessary to adjust their position on the hourly chart. I also recommend opening positions at the end of the hour to avoid false breakouts.
Aug 29, 2023 Read
Forex trading strategy for USD/CAD and GBP/USD on 08/24/2023
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Aug 24, 2023 Read
Forex trading strategies for USD/CAD and GBP/USD pairs on 08/23/2023
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Aug 23, 2023 Read
Forex trading strategy for USD/CAD and GBP/USD pairs on 22 of August
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Aug 22, 2023 Read
Forex signals for USDCAD, EURUSD and GBPUSD on 18/01/2023
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Jan 18, 2023 Read
Forex signals for USDCAD, EURUSD and GBPUSD on 16/01/2023
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Jan 16, 2023 Read
Forex Signals for USDCAD, EURUSD and GBPUSD on 10/01/2023
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Jan 10, 2023 Read
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