{"id":171971,"date":"2020-06-11T07:35:45","date_gmt":"2020-06-11T11:35:45","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=171971"},"modified":"2020-06-11T07:22:07","modified_gmt":"2020-06-11T11:22:07","slug":"stocks-pause-on-feds-warning","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/06\/stocks-pause-on-feds-warning\/","title":{"rendered":"Stocks pause on Fed\u2019s warning"},"content":{"rendered":"<div id=\"inves-1474633719\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 11, 2020<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By Han Tan, Market Analyst, <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/strong><\/p>\n<div class=\"article-body\">\n<div class=\"field-body\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>There is a cloud of wariness hanging over global equity markets today, after Fed officials forecasted no interest rate hike until at least 2022, perhaps slightly denting\u00a0some of the optimism over\u00a0a rapid recovery in the US economy. Asian stocks and US futures are lower, after the S&amp;P 500 and Dow Jones index declined by 0.5 and one percent respectively.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.forextime.com\/images\/maa\/_djidaily_21.png\" alt=\"\" \/><\/p>\n<p>Federal Reserve Chairman Jerome Powell, as expected, stuck to his message that the central bank will keep rolling out support measures until the American job market has recovered sufficiently. Powell also said that the Fed is \u201cnot even thinking about thinking about raising rates\u201d. Despite the profit-taking seen overnight, equity bulls should be able to draw plenty of comfort from the Fed\u2019s reassurance that its support measures will be around for as long as needed. Such an environment, coupled with the calls for more fiscal stimulus, should create conducive conditions for stocks to reach greater heights in the interim.<\/p>\n<p>With firming expectations over lower-for-longer US interest rates, no surprise then that the Dollar index (DXY) is now testing\u00a0the 96.0 support level to trade around its weakest levels since March.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.forextime.com\/images\/maa\/_dxyh1_18.png\" alt=\"\" \/><\/p>\n<p>The weaker Dollar and the Fed\u2019s dour outlook combined to send Gold surging past the $1730. Gold bulls have been seemingly relentless, bringing Bullion prices back from sub-$1700 territory to notch a gain of nearly three percent so far this week.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.forextime.com\/images\/maa\/xauusdh1_12.png\" alt=\"\" \/><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><em><strong>Disclaimer: <\/strong>The content in this article comprises personal opinions and should not be construed as containing personal and\/or other investment advice and\/or an offer of and\/or solicitation for any transactions in financial instruments and\/or a guarantee and\/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.<\/em><\/p>\n<\/div>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"https:\/\/www.countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\" rel=\"noopener noreferrer\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Han Tan, Market Analyst, ForexTime There is a cloud of wariness hanging over global equity markets today, after Fed officials forecasted no interest rate hike until at least 2022, perhaps slightly denting\u00a0some of the optimism over\u00a0a rapid recovery in the US economy. Asian stocks and US futures are lower, after the S&amp;P 500 and [&hellip;]<\/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-171971","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171971","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=171971"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171971\/revisions"}],"predecessor-version":[{"id":171980,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171971\/revisions\/171980"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=171971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=171971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=171971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}