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Wall Street is down on opening and expectations of US interest rate cuts

2019-03-20 02:01 pm | Resource: News | No Views : 194



 Markets opened in the US in the red zone on Wednesday as investors awaited the Federal Reserve's decision on the interest rate scheduled for later in the day. Market watchers also focused on Brexit's recent developments and absorbed the news that the European Commission imposed a fine of 1.49 billion euros for misuse of its position in the online advertising market.

Investors Boost Bets on Fed Rate Cut in 2019

Markets showed a more pessimistic tone on Wednesday ahead of the Fed's planned update from the US Federal Reserve, led by President Jerome Powell. A reading of the FedWatch tool of CME showed investors that there is a high probability of a drop in interest rates in general this year. Futures data at 8.49 am EST indicate a 1.3% drop in the reference range by 0.25 percentage points on both sides - between 2.5% and 2.75%, the only change expected from the current level.

Traders' bets showed policy easing at 28.2% in the form of lower borrowing costs at the end of the final FOMC meeting, with no investments dependent on any increase. The Fed's futures chart showed 24.6% of a single quarter-point move on Dec 11, leaving 3.4% counting on two pieces and even marginally 0.2% and three lower. A month ago, the measure showed an opportunity of 1.8% in one bullish move and 14.6% was selected for the downside.


Wall Street opens lower
 
  • The Dow fell 0.24% at 15:30 CET. Walgreens Boots Alliance was the worst performer, losing 0.82% at 15:47 CET.
  • The Nasdaq 100 fell 0.07% at 15:30 CET, with Monster's 2% decline at 15:34 CET.
  • The Standard & Poor's 500 index fell 0.19% at 15:30 CET. Fedex led losses as shares fell 5.59% at 15:31 CET after the company reported third-quarter results worse than expected.

The pound was down 0.63% against the dollar to sell at 1.3182 at 9:33 ET, while the euro rose 0.04% against the US dollar at 1.1357 at the same time.


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Best Opportunities, Vision and Technical Analysis for The NASDAQ100 17 April 2019

We offer you the analysis of the NASDAQ 100 index on Wednesday , April 17, 2019 with the most important forecasts for the NASDAQ 100 index in the US market. Time frame Used - four hours The NASDAQ 100 is moving in a bullish direction in the near term. The Nasdaq 100 is still facing resistance and selling pressure around 7670 levels, forming a negative candlestick pattern as the indices…

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