US dollar gains, US500 declines as Fed split on further action

7:28 PM 18 September 2019

The US Fed cut rates but the market reaction is clearly negative – US dollar gains, gold and silver move lower and stocks go down as well as there seems to be growing divergence of view at the FOMC. Dot plot suggests another cut this year and this is dovish but no further cuts in 2020 and the statement does not address present liquidity concerns. Expect many tough questions to Powell who will begin his conference within minutes (7:30pm BST/8:30pm CEST).

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits