Crude, Gold, Dow, S&P 500 and Nasdaq
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E-Mini Dow
US benchmark equity indexes closed lower Tuesday as the Federal Reserve kicked off its two-day monetary policy meeting.
The Nasdaq Composite fell 1.7% to 17,504.1, while the S&P 500 slid 1.1% to 5,614.7. The Dow Jones Industrial Average dropped 0.6% to 41,581.3. Among sectors, communication services posted the steepest decline, while energy and health care were the sole gainers.
The central bank's Federal Open Market Committee is widely expected to again hold its benchmark lending rate steady Wednesday, following a pause in January, according to the CME FedWatch tool. Policymakers are also scheduled to outline their latest economic projections Wednesday, including the future trajectory of interest rates.
(News Source: MTNews)
(News Source: MTNews)
E-Mini S&P500
E-Mini Nasdaq
U.S. stocks fell on Tuesday to snap a two-session streak of gains, as investors exercised caution ahead of a monetary policy decision from the Federal Reserve, while gauging the potential impact of President Donald Trump's tariff policies.
The Fed will release its latest policy statement on Wednesday, where the central bank is widely expected to keep interest rates unchanged, along with its updated summary of economic projections (SEP).
(News Source: Reuters)
Plan A: Short if prices failed to support above 19,761. Targets are 19,395/19,143. Place a reasonable stop order based on the assessment of the risk and reward ratio.
Plan B: Long only if market supported firm above 19,761. Targets are 20,086/20,458. Place a reasonable stop order based on the assessment of the risk and reward ratio.
WTI Crude Oil
WTI crude oil futures extended its recent decline toward $66 per barrel on Wednesday, pressured by prospects of increased Russian supply.
This follows President Putin’s agreement to halt attacks on Ukrainian energy sites while rejecting a 30-day ceasefire.
(News Source: Trading Economics)
Plan A: Long only if prices retraced and supported firm above 66.56. Targets are 68.41/69.29.
Plan B: Consider short if market resilient to 66.56. Targets are 65.31/64.76.
US Gold
Asian stocks were subdued on Wednesday and gold hovered near record highs as economic worries and a shifting geopolitical landscape kept risk appetite in check, while the yen was slightly weaker after the Bank of Japan held rates as expected.
(News Source: Tradingeconomics)
Plan A: Consider long only if market retraced and supported firm above 2,985. Targets are at 3,000/3,068.
Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of the investment.
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