Overnight : DJ +80 ending higher for the third-straight session, as investors continued to dig back in after a month long retreat that left the Dow and other major indexes at three-month lows...CNN .Europe near +1%, 4-day winning streak.
This morning at 8.20 : However, DJ futs giving up gains, -70, reacting to Federal Reserve raising the discount rate , the emergency rate it charges banks seeking loans, by a quarter-percentage point, to 0.75% after the close. The Fed said the move reflects improvements in the economy.
Regional softer tone, near -0.2%. Comoodities mixed. Gold recovering after early selling on IMF move to sell its gold. CO up +2%.
Fkli - Dj futures knee jerk reaction ? Ignoring Fed statement that eco is improving!!Nevertheless with the offsetting effect, fkli is seen stuck again but expected to take on a firmer tone but no 1260 shows, 50-58 range.
Fcpo - SO trading -1% currently, extending its pullback mode to 2-day. time for Fcpo to close 2580-2600 gap and re-test 7SMA support. Downside risk mkt today, towards 2550++ if 2580 breaks.
3 years ago
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