roboforex Market Fundamental Analysis by RoboForex

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US 30 forecast: the index continues to fall after a correction

After a correction, the US 30 index resumed its downward movement. The US 30 forecast for today is negative.

US 30 forecast: key takeaways

• Recent data: US core PCE index rose to 3.1%
• Market impact: the data has a negative impact on the stock market

Fundamental analysis

The US core PCE data can generally be viewed as moderately neutral, but with a slightly negative bias for the US 30 index. The actual reading was 3.1% year-on-year, in line with forecasts but above the previous level of 3.0%. This suggests that underlying inflation pressure is not easing as quickly as the market and the Federal Reserve would like. 

For the US 30 index, the reaction is typically restrained, but more likely cautiously negative. The index comprises large, established companies, many of which operate in the industrial, financial, consumer, and healthcare sectors.

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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.

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The RoboForex Team