{"id":149891,"date":"2019-06-19T06:30:40","date_gmt":"2019-06-19T10:30:40","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=149891"},"modified":"2019-06-19T06:26:46","modified_gmt":"2019-06-19T10:26:46","slug":"fed-expected-to-stand-pat","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/06\/fed-expected-to-stand-pat\/","title":{"rendered":"Fed expected to stand pat"},"content":{"rendered":"
June 19, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Fed expected to signal impending rate cuts<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> paced higher on Tuesday after President Trump tweeted that US and Chinese teams would begin preparations for the leaders to sit down at the G20 summit in Osaka. The S&P 500 <\/em> gained 1% to 2885.72. Dow Jones <\/em> industrial rose 1.4% to 26465.54. The Nasdaq <\/a> advanced 1.4% to 7953.88. The dollar weakening resumed ahead of Federal Reserve decision today with central bank widely expected to leave rates unchanged but signal impending rate cuts: the live dollar index<\/a> data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, slipped 0.03% to 97.51 but is higher currently. Futures on US stock indices point to higher openings today.<\/p>\n

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CAC 40 outperforms European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> rebounded on Tuesday led by basic resources shares after ECB President Draghi said the central bank will provide more stimulus if inflation does not pick up. The EUR\/USD <\/em> turned lower while GBP\/USD <\/em> recovered with both currencies sliding currently. The Stoxx Europe 600 ended 2% higher. The German DAX 30 <\/a> jumped 2% to 12331.75. France\u2019s CAC 40<\/em> rallied 2.2%. UK\u2019s FTSE 100 <\/em> added 1.2% to 7443.04.<\/p>\n

\"DE30<\/p>\n

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Hang Seng still leads Asian indexes rebound<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are all in green today after President Trump\u2019s tweet he will hold extended talks with Chinese President Xi Jinping at the G20 summit in Japan. Nikkei <\/em> surged 1.7% to 21333.87 despite continuing yen climb against the dollar notwithstanding report Japan\u2019s exports fell sixth straight month in May. Chinese stocks are rising: the Shanghai Composite Index <\/em> is up 1.0% and Hong Kong\u2019s Hang Seng index <\/em> is 2.4% higher. Australia\u2019s All Ordinaries Index extended gains 1.2% with Australian dollar resuming its decline against the greenback.<\/p>\n

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Brent <\/a> up<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are edging higher today. The American Petroleum Institute late Tuesday report indicated US crude inventories fell by 0.8 million barrels last week. Prices rose yesterday. Prices of August Brent ended up 2% at $62.14 a barrel on Tuesday. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories.<\/p>\n

\nMarket Analysis provided by IFCMarkets<\/a><\/p>

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Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Fed expected to signal impending rate cuts US stock market paced higher on Tuesday after President Trump tweeted that US and Chinese teams would begin preparations for the leaders to sit down at the G20 summit in Osaka. The S&P 500 gained 1% to 2885.72. Dow Jones industrial rose 1.4% to 26465.54. The […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-149891","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=149891"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149891\/revisions"}],"predecessor-version":[{"id":149901,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149891\/revisions\/149901"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=149891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=149891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=149891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}