WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
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Plan A : Remain buy as long as market trades firmly above 34703. Targets are 35030 and 35146.
Plan B : Consider sell if market surges but fails to breach above 34910. Targets are 34830 and 34740.
E-Mini S&P 500The S&P 500 closed near the flatline on Wednesday after Federal Reserve Chairman Jerome Powell said substantial economic improvement is needed for the central bank to start dialing back its easy-money policies.
The broad equity benchmark erased earlier losses and ended the session little changed at 4,400.64.
The Federal Open Market Committee kept interest rates in a target range near zero, reiterating its view that the economy continues to “strengthen” despite the spread of the delta coronavirus strain. Still, Powell stressed that the economy a good deal away from achieving the Fed’s dual mandates of stable prices and maximum employment.
The central bank started purchasing at least $120 billion a month in bonds and other securities in December until “substantial further progress” had been made on employment and inflation.
E-Mini S&P 500
The S&P 500 closed near the flatline on Wednesday after Federal Reserve Chairman Jerome Powell said substantial economic improvement is needed for the central bank to start dialing back its easy-money policies.
The broad equity benchmark erased earlier losses and ended the session little changed at 4,400.64.
The Federal Open Market Committee kept interest rates in a target range near zero, reiterating its view that the economy continues to “strengthen” despite the spread of the delta coronavirus strain. Still, Powell stressed that the economy a good deal away from achieving the Fed’s dual mandates of stable prices and maximum employment.
The central bank started purchasing at least $120 billion a month in bonds and other securities in December until “substantial further progress” had been made on employment and inflation.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Long if market supported firm above 4397. Targets are 4412, 4429 and 4445.
Plan B : Short if market failed to support above 4397. Targets are 4371, 4345 and 4320.
E-Mini NasdaqU.S. stock futures were little changed in Wednesday evening trade after the Federal Reserve concluded its two-day meeting of the Federal Open Market Committee by making no move on asset purchases.
The tech-heavy Nasdaq Composite climbed 0.7% to 14,762.58.
The moves in futures came after Fed Chairman Jerome Powell cautioned in a press conference that although the economy is making progress toward its goals, it has a way to go before the central bank would actually adjust its easy policies. Treasury yields inched climbed higher in anticipation of the announcement but pulled back slightly following Powell’s comments.
Amazon, Pinterest and Anheuser-Busch are set to report earnings Thursday. Traders will also watch out for the latest readings on initial jobless claims and pending home sales.
U.S. stock futures were little changed in Wednesday evening trade after the Federal Reserve concluded its two-day meeting of the Federal Open Market Committee by making no move on asset purchases.
The tech-heavy Nasdaq Composite climbed 0.7% to 14,762.58.
The moves in futures came after Fed Chairman Jerome Powell cautioned in a press conference that although the economy is making progress toward its goals, it has a way to go before the central bank would actually adjust its easy policies. Treasury yields inched climbed higher in anticipation of the announcement but pulled back slightly following Powell’s comments.
Amazon, Pinterest and Anheuser-Busch are set to report earnings Thursday. Traders will also watch out for the latest readings on initial jobless claims and pending home sales.
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