Will the dollar affect the market this week / next week?
According to Tejarat News, the stock market in the second week of January had a relatively stable trend, but eventually was accompanied by a decline in the index. The total market index reached 1,363,000 units at the end of trading on Wednesday, January 6th.
The overall index ended its trading session on Wednesday with 294 positive points, while the homogeneous index decreased by 511 points.
In an interview with Tejarat News, Mehdi Rezayati, a stock market expert, said that the market’s expectation for a decrease in the price of the dollar is one of the reasons for the stock market’s downward trend this week.
The capital market expert, stating that other influential variables did not change much, introduced the expectation of a decrease in the price of the dollar and the issue of budget reforms as factors in the decline of the market in the second week of January.
Satisfaction predicted that next week’s market will depend on the dollar price trend. He went on to explain that if the price of the dollar remained in the same channel and did not change much, the trading process would probably improve.
Will the stock market get better next week?
In the end, Mehdi Rezaei said: “Since there is no expectation of a large decrease in the price of the dollar for next week, it is expected that the market will be accompanied by a better trend, but it will not rise much.”
Regarding the injection of money from the stabilization fund into the stock market, Khabarizad said: “Promises to inject money from the stabilization fund into the stock market have not been fulfilled yet, and I think if the stabilization fund money was injected into the market, the stock exchange would have died.”
“These days, the stock market is like a car without a starter that has to be pushed to turn on and move,” said Mohammad Khabarizad, a stock market expert in the same relationship. “Khabarizad believes that by injecting about one thousand billion tomans, the stock market can be moved.”
Read the latest stock market forecasts on the Forex Trading Forecast page.