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Futures signal lower US session opening
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Expectations for FOMC minutes data and durable goods orders
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Nvidia to release quarterly results after today's session closes
US stock index futures are pointing to a lower opening for the major benchmarks. Market bears are trying to maintain the downward momentum from yesterday and the eyes of investors around the world are now focused on the FOMC minutes, which will be released at 7:00 pm BST and could indicate the Fed's monetary policy path.
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Create account Try a demo Download mobile app Download mobile appUS500 trades lower before the opening of the US cash session and drops to the region of the psychological barrier of 3900 points. Looking at the chart of the benchmark quotes, it can be noted that the bears are currently holding the resistance set by the downtrend line (red, dashed line) and the EMA 50 (blue curve). If the bulls fail to break above these barriers, it is possible to go down to the region of 3875 points and 3855 points, where the local minima from the last sessions are located. Interval H4. Source: xStation 5
News:
Dell Technologies (DELL.US) is gaining more than 1% before the open of the U.S. session after investment bank Evercore (EVR.US) added the technology company to its "Outperform" list. Dell will present its quarterly results on Thursday.
Dell Technologies (DELL.US) chart, W1 interval. Shares of the technology company stopped the wave of declines in the region of the 200-week exponential moving average (gold line), and at the moment bulls are trying to rebound from the recent declines. From a technical perspective, the most important support levels are currently the last low from last week, and resistance levels are the area near the 23.6% Fibo elimination. Source: xStation 5
Retailer Nordstrom (JWN.US) is gaining over 10% before the open of today's Wall Street session on the back of raising full-year earnings forecasts.
Wendy's (WEN.US) shares are also doing well, reacting to reports of a potential acquisition of the fast food chain by Trian Fund Management.
Fed swaps no longer fully price two half-point hikes by July.
