FED in dovish mood!
Market rally is working on overcoming resistance zone here. S&P is trading at new high. FED policymakers revealed a big dovish shift indicating they are ready to act if trade war escalates ahead. Wall Street is pricing in three FED rate cuts by January. European central bank indicated same earlier. At G20 meeting, President Trump […]
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G20 meeting and FED!
Market rally is hitting resistance zone here. This week is Crucial for markets. Tuesday and Wednesday FED is meeting and G20 meeting follows right after that. Will FED be proactive for possible escalating trade war with China? President Trump is expected to meet Chinese Premier during G20 meeting. Market will be watching. Markets remain news […]
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Job Engine Slowing Down!
Monday’s lows created enough oversold condition for markets to rally, although on lower volume. Mexico is ready to put 600,000 troops at the southern border to pacify President Trump’s demand. Mr. President was also under pressure from other Republicans and business group. Talks with China have begun again. Jobs report on Friday was not good, […]
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Trump’s Mexico Tariffs are worrisome!
Complacency from President escalates to new level. He just opened third front by announcing Mexico Tariffs of 5% beginning June 5 and ready to expand to 25%, if Mexico do not help him with Immigration issues. This is after new NAFTA deal was agreed upon. This doesn’t bode well for markets. Markets do not like […]
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