2:33 PM · 20 November 2019

Market is fragile ahead of FOMC minutes

Negative sentiment prevails on the market after the US opening ahead of important monetary event. Fed will release FOMC minutes from the October meeting at 7 pm (GMT). Minutes probably reiterate undertone of recent policy statement that current stance of monetary policy is appropriate and there is no need to another easing. Apart from that there will be public hearing in the impeachment probe into President Trump. Therefore, equity markets may remain under pressure.

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