The Week Ahead Sept 2023 – [STI, HSI, NASDAQ & S&P]

17th September, 2023, 11:17 PM Although Singapore’s F1 night race is over there is another exciting event coming up which is the Fed meeting happening this week. Fed will meet once again to decide if they will hike interest rates. The probability for the hike is only 2% while 98% thinks that Fed won’t be hiking. Source: Although Sep’s meeting most likely should not see a hike, we might see a might in Nov if inflation starts creeping up. So lets not celebrate too early. We could still see some pullback in the markets after this. STI The Straits Times Index showed strength for the week, as it touched the downtrend support line. A consolidation happened over there and started to take off. Banks led the way while other blue chips like Sembcorp industries, Keppel Corp helped to bring the index up. US closed negative on Friday night which we could see the negative sentiments flowing through Asia. We could see a small pullback for the STI before making an attempt towards 3320 area. HSI The Hang Seng Index also showed strength towards the end of the week as China’s retail sales showed some signed of improvement which came as a surprised. We can see from the chart that it was consolidating for the week before pushing up. It is currently resisted by the 20ema and also coinciding with the downtrend resistance line. Furthermore, with the negative close in the US we could see HK pulling back too. Waiting for HSI to break above the 20ema for a clearer picture and strength for the HSI. The next target could be 19730. Head over to our Facebook page for more updates on the US market. Yours Humbly Kelwin & Roy The post The Week Ahead Sept 2023 – [STI, HSI, NASDAQ & S&P] appeared first on Singaporehumblestock. [Image] Here are Some More Investing Tips and Resources. Enjoy! Sponsored [The Week Ahead Sept 2023 – [STI, HSI, NASDAQ & S&P]]( 17th September, 2023, 11:17 PM Although Singapore’s F1 night race is over there is another exciting event coming up which is the Fed meeting happening this week. Fed will meet once again to decide if they will hike interest rates. The probability for the hike is only 2% while 98% thinks that Fed won’t be hiking. Source: Although Sep’s meeting most likely should not see a hike, we might see a might in Nov if inflation starts creeping up. So lets not celebrate too early. We could still see some pullback in the markets after this. STI The Straits Times Index showed strength for the week, as it touched the downtrend support line. A consolidation happened over there and started to take off. Banks led the way while other blue chips like Sembcorp industries, Keppel Corp helped to bring the index up. US closed negative on Friday night which we could see the negative sentiments flowing through Asia. We could see a small pullback for the STI before making an attempt towards 3320 area. HSI The Hang Seng Index also showed strength towards the end of the week as China’s retail sales showed some signed of improvement which came as a surprised. We can see from the chart that it was consolidating for the week before pushing up. It is currently resisted by the 20ema and also coinciding with the downtrend resistance line. Furthermore, with the negative close in the US we could see HK pulling back too. Waiting for HSI to break above the 20ema for a clearer picture and strength for the HSI. The next target could be 19730. Head over to our Facebook page for more updates on the US market. Yours Humbly Kelwin & Roy The post The Week Ahead Sept 2023 – [STI, HSI, NASDAQ & S&P] appeared first on Singaporehumblestock. 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