InstaForex - Analytics

    InstaForex

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    Global macro overview for 06/10/2015

    Global macro overview for 06/10/2015:

    After the latest way worse-than-expected NFP job data published on Friday, the Fed's interest rate hike was moved from December 2015 to as early as March 1016. This is the main reason behind the longest winning streak in SP500 this year (5 days in a row).

    From the technical point of view, the SPY index is still trading below the important golden trend line and below the green bullish zone as well. Only a valid breakout above the level of 204.07 will be considered a bullish sign.

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