{"id":153897,"date":"2019-08-21T06:44:19","date_gmt":"2019-08-21T10:44:19","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=153897"},"modified":"2019-08-21T06:44:19","modified_gmt":"2019-08-21T10:44:19","slug":"sp500-snaps-three-session-win-streak","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/sp500-snaps-three-session-win-streak\/","title":{"rendered":"SP500 snaps three session win streak"},"content":{"rendered":"
August 21, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakens as Trump calls for deeper rate cuts<\/h2>\n<\/div>\n<\/div>\n

US stock indexes <\/b> pulled back on Tuesday despite president Trump\u2019s confirmation Tuesday that he was looking at tax cuts, including cutting payroll taxes. The S&P 500 <\/em> fell 0.8% to 2900.51. Dow Jones <\/em> industrial lost 0.7% to 25962.44. The Nasdaq <\/a> retreated 0.7% to 7948.56. The dollar strengthening reversed as president Trump said the Federal Reserve should consider deeper cuts to key interest rates, of around 1%: 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, lost 0.2% to 98.15 but is higher currently. Stock index futures point to higher market openings today.<\/p>\n

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FTSE 100 leads European indexes retreat<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> recovery faltered on Tuesday as Italian Prime Minister Giuseppe Conte announced his resignation from the government. Both the EUR\/USD <\/em> and GBP\/USD <\/em> turned higher yesterday and both pairs are lower currently. The Stoxx Europe 600 ended 0.7% lower as Italy\u2019s coalition government between anti-immigration Lega party and the anti-establishment Five Star Movement (M5S) unraveled after Matteo Salvini, deputy prime minister and leader of Lega party, called for the vote and a new general election last week. The German DAX 30 <\/a> lost 0.6% to 11651.18. France\u2019s CAC 40<\/em> slid 0.5%. UK\u2019s FTSE 100 <\/em> fell 0.9% to 7125.<\/p>\n

\"GB100<\/p>\n

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Australia\u2019s All Ordinaries Index leads Asian indexes retreat<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly in negative territory today. Nikkei <\/em> lost 0.3% to 20618.57 despite resumed yen slide against the dollar. Chinese stocks are mixed: the Shanghai Composite Index <\/em> is up 0.03% while Hong Kong\u2019s Hang Seng index <\/em> is 0.04% lower. Australia\u2019s All Ordinaries Index gave up most of previous session gains falling 0.9% despite Australian dollar\u2019s move lower against the greenback.<\/p>\n

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

Brent futures prices <\/b> are rising today. The American Petroleum Institute late Tuesday report indicated US crude inventories fell by 3.5 million barrels last week. Prices rose yesterday: October Brent gained 0.5% to $60.03 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 Dollar weakens as Trump calls for deeper rate cuts US stock indexes pulled back on Tuesday despite president Trump\u2019s confirmation Tuesday that he was looking at tax cuts, including cutting payroll taxes. The S&P 500 fell 0.8% to 2900.51. Dow Jones industrial lost 0.7% to 25962.44. The Nasdaq retreated 0.7% to 7948.56. 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-153897","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153897","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=153897"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153897\/revisions"}],"predecessor-version":[{"id":153905,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153897\/revisions\/153905"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=153897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=153897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=153897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}