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Weekly Markets Outlook

 



Thoughts on Week Ahead:
Week 25 March 2024

This week investors are looking for US FED's policy moves from Chief Jerome Powell speech scheduled for Friday and PCE print on Thursday.

Technically, S&P 500 continues to display bullish behaviour, and has crossed our 5,200 resistance. However, we are cautious on the market as trading volume against price is not supportive (FFI reading diverging from index trend).

Both Straits Times Index and China A50 Index are challenging their respective trendline resistance. We are looking for directional moves on both markets. 

We continue to monitor for trading set up for the week ahead. 

Headlines for the week:
- US PCE, US FED Chair speaks
- SG CPI, Ind Prod
- Short trading week (markets closed for Good Friday)

Disclaimers apply

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