PM [1]
Rank : Helper
Status : Super Owner
#1
1) The upcoming US Fed meeting this month
If the Fed cuts rates by 25 bps, the market may not appreciate it, but a rate cut of 50 bps or more may inject a lot of extra capital into the markets.2) Overbought condition
prior to the sell-off which started on Wednesday, the market had rallied for 14 days, indicating that the market has been previously overbought.3) US dollar rate rebound
The US dollar index gained about 1% in the last three sessions due to revision in the US inflation average, which fueled demand more towards currencies, treasuries, and bonds.4) US job data
Job openings in the US dropped to a three and a half year low, showing a labour slowdown in the US which has also dragged down global markets.5) US inflation concerns
The US labour marekt slowdown has triggered fears of inflation in the US, which may make the Fed rethink its decision to perform a rate cut.--------- Post edited by - Mr.Love
[PM 480]
Rank : Junkie
Status : Member
#2
I thing.. market is money and time correction.