As I have mentioned yesterday, the real reaction of the market to the FED decision took place at the session on Thursday and the rise at the end of Wednesday was just a false departure. The movement has been recurring in recent months leading me to indicate that it would be better a few more hours to gauge how investors felt after the Fed decided to put a brake on the interest rate cut, which I anticipate will continue to be disliked by the Bulls, who want a return at all costs at the lowest possible interest rates.
Photo by Eric Prouzet.
Admittedly, the US indices still started to gain, albeit for a little while, but soon the meaning became clear with a downward movement in the early hours that pushed Wall Street to the lows of the day, pessimism like neither the valuations of the US. Apple and Facebook titles by about 2% managed to nullify, helping only that the technology index had the least negative result. The justification for Thursday’s declines was uncertainty over whether the US and China could come to an understanding after Chinese officials put some reservations on a positive outcome, but this was expected by those who are minimally aware. Following the trade war process, where white smoke is not expected to come out anytime soon, regardless of the stories Trump and his team tell from time to time.
Non-farm payrolls must be considered today, which, if not expected, could lead to a rise in noise that calls for a continued dovish movement by the FED.
