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S&P500: Fed may revise its plans 25/02/2016

According to the presented data the week, business activity in the US falls in the major sectors of the economy. Thus, weak business activity index (PMI) for the manufacturing sector, the Federal Reserve Bank of Richmond (in February -4 vs. 2 and 2 in January), but also lower the preliminary PMI (PMI) for the US service sector in February (49.8 to 53 2 January) show decreased activity in key sectors of the US economy.

The level of consumer confidence also declined (92.2 in February against the forecast of 97.0 and 97.8 in January).

From the United States are beginning to enter negative data. We are waiting for today at 13:30 (GMT) as the data on orders for durable goods in the US in January, describing the flow of large investments. If the forecast is confirmed (2.5% growth in January, against a decline of 5.0% in December), the US dollar and US stocks will be supported.

It is worth noting also that this morning the President of the Federal Reserve Bank of St. Louis James Bullard said the Fed may revise its plans for growth in the US interest rates. As shown by reports from the last meeting of the FOMC, the Fed among the leaders noted the uncertainty regarding further rate hikes this year against the backdrop of volatile markets and the growing risks from foreign economies.

Despite the growth of employment, inflation expectations in the US are falling, and inflation has remained well below the target level of 2.0%.

US stock index S&P500, which opened with a gap up today after yesterday's growth in oil prices, by the beginning of the European session back below the closing price yesterday, but then recovered to the level of 1935.0.

However, on the world's stock markets dominated by the bearish trend, and to restore a stable global financial markets is still far.

Technical analysis and trading recommendations -


Thursday, 25 Feb, 2016 / 12:52

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