{"id":155573,"date":"2019-09-17T07:15:52","date_gmt":"2019-09-17T11:15:52","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=155573"},"modified":"2019-09-17T07:15:52","modified_gmt":"2019-09-17T11:15:52","slug":"dow-snaps-eight-session-win-streak","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/09\/dow-snaps-eight-session-win-streak\/","title":{"rendered":"Dow snaps eight session win streak"},"content":{"rendered":"
September 17, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthening resumes despite expectations of a rate cut<\/h2>\n<\/div>\n<\/div>\n

US stock indexes <\/b> pulled back on Monday as oil prices jumped after a Saturday attack on Saudi Arabia\u2019s oil-production facilities. The S&P 500 <\/em> finished 0.3% lower at 2997.96. Dow Jones <\/a> industrial dropped 0.5% to 27076.82. The Nasdaq <\/em> composite fell 0.3% to 8153.54. The dollar strengthening resumed despite expectations of a rate cut at the Fed two-day meeting which starts today: 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, jumped 0.5% to 98.64 and is higher currently. Stock index futures point to mixed openings today.<\/p>\n

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CAC 40 posts biggest loss among European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> turned lower on Monday as tensions rose in Middle East after the weekend drone attack on Saudi Arabia oil refinery. Both GBP\/USD <\/em> and EUR\/USD <\/em> turned lower yesterday with both pairs down currently. The Stoxx Europe 600 index ended 0.4% lower led by consumer goods shares. The DAX 30 <\/em> lost 0.7% to 12380.31. France\u2019s CAC 40 <\/em> dropped 0.9% and UK\u2019s FTSE 100 <\/a> slid 0.6% to 7321.41 as European Commission President Jean-Claude Juncker said it was now up to the British government to offer a solution to the Brexit impasse.<\/p>\n

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Chinese stocks fall while other Asian indexes gain<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today. Nikkei rose 0.1% to 22001.32 as President Trump told US and Japan were ready to sign a limited trade deal and the yen slide against the dollar continued. Markets in China are falling after report Monday industrial production growth was lower than expected in August: the Shanghai Composite Index <\/em> is down 1.7% and Hong Kong\u2019s Hang Seng <\/em> Index is 1.6% lower. Australia\u2019s All Ordinaries Index extended gains 0.3% as Australian dollar slide against the greenback accelerated.<\/p>\n

\"HK50<\/p>\n

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Brent <\/a> gains after drone attacks on Saudi Arabia<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are extending gains today after sharp gains Monday following Saturday\u2019s attack on Saudi oil facilities that halved the kingdom\u2019s oil output. Prices jumped yesterday: November Brent crude closed 14.6% higher at $69.05 a barrel on Monday.<\/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 strengthening resumes despite expectations of a rate cut US stock indexes pulled back on Monday as oil prices jumped after a Saturday attack on Saudi Arabia\u2019s oil-production facilities. The S&P 500 finished 0.3% lower at 2997.96. Dow Jones industrial dropped 0.5% to 27076.82. The Nasdaq composite fell 0.3% to 8153.54. The dollar […]<\/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-155573","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/155573","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=155573"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/155573\/revisions"}],"predecessor-version":[{"id":155579,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/155573\/revisions\/155579"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=155573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=155573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=155573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}