Morning Insights 14th January

Simon Alagbe

Analyst


Instrument: US 100 (NASDAQ)

The index has come under pressure following the hawkish stance of some members of the FOMC to support rate hikes and the continuous increase in the number of fresh infections on diverse variants of COVID-19 around the globe. Lael Brainard signalled the Fed could start raising rates as early as March. This statement lends more support to the stance of other Fed officials like Charles Evans, Chicago Fed President and Patrick Harker, Philadelphia Fed President talking about tighter monetary policies in the US to control inflation. 


Technicals

The index is currently retracing from the 15443 support zone and is expected to get rejected at the local resistance at 15550, supporting a move to the downside (a sell) with stop loss at 15717 and a take profit at 15222


Fundamentals

Core Retail Sales m/m (US) 2:30 PM

Retail Sales m/m (US) 2:30 PM

Industrial Production m/m (US) 3:15 PM

Prelim UoM Consumer Sentiment (US) 4:00 PM

Use your preferred trading platform

Open Rally xTrader Download MT4 Download MT5

Register Now

Payment Options

What Clients Say?

When I joined the Rally family, I had zero knowledge about forex. I attended their seminars and lectures and it was a thorough and quality experience. Talking about my success in forex , it’s a steady process , I’ve enjoyed lots of profits and a few losses. I’m grateful for the rally trade foundation I have, I look to grow from under the wings of Rally.

Kobi

I was told I could make money in my comfort zone, then I thought; “this could actually happen in my dreams”. But guess what, I made money and I’m still making money in my comfort zone with RALLY TRADE. To my account manager OLUWASEUN: thank you for keeping to your words and for being nice at the same time, thank you for having my back, you’re the best.To RALLYTRADE: thank you for this opportunity and for letting me know I could do more and better with myself..

Ebere Uzodinma

Samuel

I am so much impressed not by anybody's action or motivation to pronounce my encounter with rally trade company. I would love to say this company has done so much in my life; personally. I listen to a radio station programme about a seminar/training on how to trade forex, I planned to attend though I don't believe it will work for me. After the training I got a call from one of Rally trade staff, in person of Tamuno who done so much to convince me to go in for the trade. This young girl have been so impacting since I stated the trade and she has never for once ignore my request for support and advice; I so much appreciate you...

Oluwatuyi Timileyin Samuel

THANK YOU, THANK YOU, THANK YOU Rally trade team for the excellent work you are doing. I recommend rally trade for anyone who want to profitably trade Forex on a consistent basis.

Oluwaseun Kayode

I have been with rally trade broker for one year now, they are reliable broker and they have excellent performance in term of training, customer service and prompt payment of profit withdrawal. Morealso, i am also beneficiary of one of their partner program (introducing broker) which I have been receiving payment for monthly commission on it. I recommend Rally trade to d prospective individual and company that intend to trade in forex . Thanks to Rally Trade

Adefuwa Ayodele