Thai
Eng
MTS News
MTS Futures News_PM_20180926
The S&P500 is pulling back ahead of the FOMC meeting on Wednesday.
The S&P500 is trading well above its rising and widening 50, 100 and 200-period simple moving averages suggesting a strong bullish bias. The market is finding support just at2,917.00 (August 29 high). The RSI, MACD and Stochastics indicators are slighty slowing down.
A continuation of the consolidation can lead to 2,900.00 figure and 2,877.00 January swing high.
Main trend: Bullish
Resistance 1: 2,938.00, 138.2% Fibonnacci extension (Aug-Sept, high/low)
Resistance 2: 2,950.00, 161.8% Fibonnacci extension (Aug-Sept, high/low)
Resistance 3: 3,000.00 round figure
Support 1: 2,917.00 August 29 high
Support 2: 2,900.00 figure
.png)
The pan-European Stoxx 600 was flat with the different sectors moving in opposite directions. Autos were the top-losers in early deals, off by more than 1 percent. On Tuesday, President Donald Trump defended his administration's stance on trade, telling international leaders that the States would no longer tolerate abuse when it comes to trade.
.png)
MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.5 percent. Shanghai shares rose 1.55 percent.
• Japan’s Nikkei rose for an eighth session in choppy trade on Wednesday as hopes for a U.S. rate hike lifted futures and large-cap stocks such as Fast Retailing and SoftBank, offsetting weakness in high-yielders like automakers trading ex-dividend.
The Nikkei share average gained 0.4 percent to 24,033.79, extending its rally to an eighth session and the highest closing level since Jan. 23.
• Global index provider MSCI (MSCI.N) said on Wednesday it will consider quadrupling the weighting of Chinese big-caps in its global benchmarks next year, a move that could bring in $66 billion in new foreign investment.
• China stocks closed higher on Wednesday as global index provider MSCI said it will consider quadrupling the weighting of Chinese big-caps in its global benchmarks and as FTSE Russell is expected to include Chinese shares in its benchmark this week.
At the close, the Shanghai Composite index was up 0.9 percent at 2,806.81 points, its highest close since Aug. 1.
Hot Line
- Call Center +66 2770 7789
- Futures Trading +66 2770 7799
- E-Business +66 2770 7791
- Fax +66 2222 5500
10,12,14, 3rd Floor, Sapsin Road, Wang Burapha Phirom Sub-district, Pranakorn District, Bangkok, 10200