{"id":74571,"date":"2023-12-13T15:04:45","date_gmt":"2023-12-13T13:04:45","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=74571"},"modified":"2025-12-10T10:28:50","modified_gmt":"2025-12-10T08:28:50","slug":"equities-report-bullish-momentum-for-equities","status":"publish","type":"post","link":"https:\/\/www.ironfx-cn.com\/th\/equities-report-bullish-momentum-for-equities\/","title":{"rendered":"Equities report: Bullish momentum for Equities"},"content":{"rendered":"<p>Over the past week, there have been bullish signals from US stock markets with all three major indexes moving higher since our report last week. &nbsp;In this report, we are to discuss fundamentals that could be affecting US stock markets, add a small comment for Google and Tesla, the Fed\u2019s interest rate decision and finally conclude with a technical analysis of the Nasdaq 100.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-google-goog-loses-against-epic-games\"><strong>Google (#GOOG) loses against Epic Games<\/strong><\/h2>\n\n\n\n<p>Google (#GOOG) has lost the anti-trust lawsuit brought by Epic Games, the creators behind the popular game named \u201cFortnite\u201d. The anti-trust lawsuit, which was brought forward by Epic Games claimed that Google\u2019s (#GOOG) Play Store, operated as an illegal monopoly. The allegations also included the claim that Google illegally ties together its Play Store and billing service, essentially \u201cforcing\u201d developers to use both functions in order for their apps to be included in the store. &nbsp;In a statement on its website, Epic Games stated \u201cThe evidence presented in this case demonstrates the urgent need for legislation and regulations that address Apple and Google strangleholds over smartphones..\u201d. As a result, the ruling could weigh on Google\u2019s (#GOOG) stock price, as the possibility for other lawsuits and the potential reparations that may be awarded to Epic Games, could weigh on the company\u2019s stock price. Moreover, it may impact the company\u2019s revenue over a longer time period, should regulators decide to impose further legislation and regulations, that may hinder Google\u2019s revenue, stemming from their play store.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-fed-interest-rate-decision-due-out-today\"><strong>FED Interest rate decision due out today<\/strong><\/h2>\n\n\n\n<p>The Fed\u2019s interest rate decision is due out later on today, with the majority of market participants anticipating the bank to remain on hold. As such, given the tightness of the US employment market as reported in November\u2019s employment report and the persistent inflationary pressures shown in November\u2019s CPI rates, we tend to see the risks as tilted towards the hawkish side. Yet with the FFF currently implying a 99% probability for the bank to remain on hold, we do not anticipate a rate hike, but rather a hawkish pause by the Fed. In such an event, we may see the dollar gaining, as it may undermine the market\u2019s expectations of 4 rate cuts next year and in turn could weigh on the US Equities markets. Given the lack of market response to Fed Chairman Powell\u2019s last comments, we may see the Fed in an effort to underscore its&nbsp; message to the markets, overstressing the hawkish tone, yet that remains to be seen. Moreover, the potential for a delay in cutting rates, could increase the potential risk of a recession in the US economy, which could further weigh on the US Equities markets, as investors may opt for more \u201csafer\u201d assets such as Treasury bonds or gold. On the flip side should the bank opt to maintain a more cautious tone allowing for an intensification of the market\u2019s expectations for extensive rate cuts in the coming year, we may see the USD weakening, whilst the Equities market may see newfound support by capitalizing on the prospect of easing financial conditions in near term.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-tesla-tsla-recalls-2-million-vehicles-on-autopilot-flaws\"><strong>Tesla (#TSLA) recalls 2 million vehicles on autopilot flaws<\/strong><\/h2>\n\n\n\n<p>Per <a href=\"https:\/\/news.yahoo.com\/tesla-recalls-over-2-million-102948192.html\">Yahoo<\/a> Finance, Tesla (#TSLA) has filed a recall of two million vehicles, citing autopilot flaws. According to the article, the recall is in order to fix a defective system that is supposed to ensure drivers are paying attention when they use the Autopilot feature. The \u201crecall\u201d will be via a software update in order to fix the problems, which reportedly covers nearly all of the vehicles Tesla sold in the U.S since it activated the Autopilot feature in late 2015. In conclusion, the acknowledgment of the defect which comes after a two-year investigation by US auto safety regulators, could weigh on the company\u2019s stock price, as it may open the company to future litigations and potential lawsuits, which may weigh on the company\u2019s revenue.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-technical-analysis\"><strong>\u0e01\u0e32\u0e23\u0e27\u0e34\u0e40\u0e04\u0e23\u0e32\u0e30\u0e2b\u0e4c\u0e40\u0e17\u0e04\u0e19\u0e34\u0e04 (K\u0101r w\u1ecbkhr\u0101 h\u0304l t\u0113khn\u1ecbk)<\/strong><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-us-100cash-daily-nbsp-chart\"><strong>US 100Cash Daily &nbsp;Chart<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"975\" height=\"456\" src=\"\/wp-content\/uploads\/2023\/12\/image-61.png\" alt=\"EUR\/USD technical analysis chart illustrating price movements and indicators for equity markets.\" class=\"wp-image-74572\"\/><\/figure>\n\n\n\n<p>Support: 15780 (S1), 15170 (S2), 14555 (S3)<\/p>\n\n\n\n<p>Resistance: 16375 (R1), 16730 (R2), 17380 (R3)<\/p>\n\n\n\n<p>US 100\u2019s price action remained in a relatively tight upwards motion in the past week, with the index currently testing resistance at the 16375 (R1) line. We maintain a <strong>bullish<\/strong> <strong>outlook<\/strong> for the index given that the RSI indicator is near the reading of 70 implying a rather <strong>bullish market sentiment<\/strong>, in addition to the upwards moving trendline which was formed on the 26<sup>th<\/sup> of October. Yet, we note that the Bollinger bands appear to widening, in a sign that the price action may be slowly picking up a bit of volatility. For our bullish outlook to continue, we would like to see a clear break above the 16375 (R1) resistance level and the 16760 (R2) resistance ceiling, which is an <strong>all-time high<\/strong> for the index. Further than that, the next possible target for the <strong>bulls<\/strong> may be the 17380 (R3) resistance ceiling. On the other hand, we note that the price action has hit the upper Bollinger band, which may slow down the <strong>bulls<\/strong> or even cause a correction lower for the index with similar signals being also sent by the RSI indicator reaching 70. Hence for a bearish outlook, we would like to see a break below the 15780 (S1) support level, with the next potential target for the <strong>bears<\/strong> being the 15170 (S2) support base. Lastly, for a sideways bias, we would like to see the index remain confined between the aforementioned S1 and R1 levels. On a separate note, we would like to highlight that with the Fed\u2019s interest rate decision due out later on today, there may be high volatility in the markets.<\/p>\n\n\n\n<p class=\"translation-block\">If you have any general queries or comments relating to this article please send an email directly to our Research team at <a href=\"mailto:research_team@ironfx.com\" target=\"_self\">research_team@ironfx.com<\/a><\/p>\n\n\n\n<p>Disclaimer:<br>This information is not considered as investment advice or an investment recommendation, but instead a marketing communication. IronFX is not responsible for any data or information provided by third parties referenced, or hyperlinked, in this communication.<\/p>","protected":false},"excerpt":{"rendered":"<p>Over the past week, there have been bullish signals from US stock markets with all three major indexes moving higher<\/p>","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-74571","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Equities Report: Bullish Momentum Ahead of Fed Decision<\/title>\n<meta name=\"description\" content=\"US equities gain as markets await Fed decision, while Google faces Epic antitrust loss and Tesla recalls 2M cars over Autopilot flaws.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ironfx.com\/th\/wp-json\/wp\/v2\/posts\/74571\/\" \/>\n<meta property=\"og:locale\" content=\"th_TH\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Equities report: Bullish momentum for Equities\" \/>\n<meta property=\"og:description\" content=\"US equities gain as markets await Fed decision, while Google faces Epic antitrust loss and Tesla recalls 2M cars over Autopilot flaws.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ironfx-cn.com\/th\/equities-report-bullish-momentum-for-equities\/\" \/>\n<meta property=\"og:site_name\" content=\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-13T13:04:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-10T08:28:50+00:00\" \/>\n<meta name=\"author\" content=\"IronFX Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/th\\\/equities-report-bullish-momentum-for-equities\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/th\\\/equities-report-bullish-momentum-for-equities\\\/\"},\"author\":{\"name\":\"IronFX Team\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/th\\\/#\\\/schema\\\/person\\\/6727476356d10030d1564b38f6e699b1\"},\"headline\":\"Equities report: Bullish momentum for Equities\",\"datePublished\":\"2023-12-13T13:04:45+00:00\",\"dateModified\":\"2025-12-10T08:28:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/th\\\/equities-report-bullish-momentum-for-equities\\\/\"},\"wordCount\":1005,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/th\\\/#organization\"},\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"th\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/th\\\/equities-report-bullish-momentum-for-equities\\\/\",\"url\":\"https:\\\/\\\/www.ironfx-cn.com\\\/th\\\/equities-report-bullish-momentum-for-equities\\\/\",\"name\":\"Equities Report: Bullish Momentum Ahead of Fed Decision\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/th\\\/#website\"},\"datePublished\":\"2023-12-13T13:04:45+00:00\",\"dateModified\":\"2025-12-10T08:28:50+00:00\",\"description\":\"US equities gain as markets await Fed decision, while Google faces Epic antitrust loss and Tesla recalls 2M cars over Autopilot flaws.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/th\\\/equities-report-bullish-momentum-for-equities\\\/#breadcrumb\"},\"inLanguage\":\"th\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ironfx-cn.com\\\/th\\\/equities-report-bullish-momentum-for-equities\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/th\\\/equities-report-bullish-momentum-for-equities\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ironfx-cn.com\\\/th\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Equities report: Bullish momentum for Equities\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/th\\\/#website\",\"url\":\"https:\\\/\\\/www.ironfx-cn.com\\\/th\\\/\",\"name\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\",\"description\":\"&quot;Our Introducing Brokers program offers competitive conditions tailored to our partners&#039; needs. 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