Fed likely to upgrade outlook, stay mum on rates (news: 26/07/16)

Posted On 26 Jul 2016

By : Alpari

Comment: 0

Tag: Fed Interest Rates

Today’s Press

Stocks kick off mostly flat amid earnings deluge, ahead of Fed

U.S. stocks opened little-changed on Tuesday, as investors remained cautious ahead of the two-day Federal Reserve policy meeting and a barrage of earnings reports. Shares of McDonald”s Corp slumped after the world”s largest fast-food restaurant chain missed earnings expectations. Lower oil prices continued to weigh on energy stocks. The S&P 500 index was flat at 2,168. The Dow Jones Industrial Average was off by 11 points, 0.1% to 18,481, while the Nasdaq Composite Index began the session unchanged at 5,096.
Fed likely to upgrade outlook, stay mum on rates

Despite encouraging rebounds in both job growth and markets in recent weeks, the Federal Reserve is expected to maintain its poker face this week, offering few, if any, clues as to whether it will raise interest rates in September, economists say.
Retail sales forecast looking brighter

A larger-than-expected lift in online sales is likewise expected to drive additional growth, with the NRF now calling for a 7 to 10 percent increase in digital revenue. That compares with its prior forecast for a 6 to 9 percent lift.

Next Trading Day’s Important Events

04:30 (GMT+3) Australian CPI
15:30 (GMT+3) US durable goods orders
21:00 (GMT+3) US interest rate decision

Forex Quotes:

USDJPY: 104.64
EURUSD: 1.0995

Indices:

S&P 500: 2,170.80
NASDAQ : 5,114.80

Source:: Fed likely to upgrade outlook, stay mum on rates (news: 26/07/16)

About the Author

Alpari was founded in 1998 and is one of the world’s leading Forex brokers, offering clients a full package of the most modern financial instruments and technological solutions for online trading and investment. According to data from Finance Magnates, Alpari has been one of the largest Forex brokers in the world for a number of years. The trading turnover of the Alpari companies in 2014 was 2.5 trillion USD. Today Alpari is the world’s largest MetaTrader 4 Forex broker. The first half of 2015 saw company branches offering their services to over one million clients from over 150 countries in the world. Alpari clients have access to over 50 currency pairs and an extensive range of other instruments. The company offers the use of three trading platforms for computer and mobile applications for use with iOS and Android. Alpari is a member of international organizations such as The Financial Commission (Hong Kong) and CRFIN (Russia). Bonuses: the Alpari Bonus Program was launched in 2014 and allows clients to independently change their conditions for working on the financial market: reduce commission, save money on swaps, improve conversion rates and much more. Read More about Alpari HERE or you can visit their website direct by CLICKING HERE..