US stock indexes fell on worries of Brexit
American Stock Exchange fell on the last trading session, market participants are more cautious with the Fed statement this week, and concerns Brexit, where there is a possibility U.K will leave the EU. The Brexit last report, survey on Monday showed the increase in noise to leave the Euro compared to the support to settle in the European Union.
The Dow Jones Industrial Average closed near session lows, down about 132 points. Visa shares contributed the most to the decline, followed by shares of Apple, 3M and Microsoft as stocks ended lower. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped above 21 for the first time since February 25
The main stock index stock average briefly come from session lows to rise. Held shares lower after the release of the official poll and extended losses to be close, the Nasdaq composite index briefly fell 1 percent.
LinkedIn shares closed 46.6 percent higher, helped Global X Social Media Index ETF (Socl) climbing nearly 4 percent. Apple shares closed 1.5 percent more low MORE taxable income annual Worldwide Developers Conference.
Materials sector fell more than 1.2 percent to lead a drop in stocks on the S & P 500, followed by more than 1 percent decline in information technology and industry.
The S & P 500 closed down 17.01 points, or 0.81 percent, at 2,079.06, with the materials sector led all 10 sectors were lower.
The Nasdaq composite index closed down 46.11 points, or 0.94 percent, at 4,848.44.
Technically,
Resistance: 17772 17809 17829 High / Low: 17893/17688
Support: 17658 17696 17 715 Running Price: 17 730
Comment: For intraday trade today suggest Sell at level 17750; stop loss at 17825; target at the level of 17 660.
EUR / USD started creeping up
EUR versus USD touched the lowest prices on Monday, as sentiment remains weak dollar ahead of the rate hike decision of the highly-anticipated from the Federal Reserve, the US central bank which directly states will maintain the planned increase in interest rates in the short term
Currency pair traded between 1.1232 and 1.1303 before settling at 1.1292, up 0.0053 or 0.46% from the previous session. With a sizable gains, the euro ended the losing streak against the dollar. Over the last month, the euro versus the USD is not too there is a change, was down 0.75% over the period. More broadly, EUR / USD is up 4% since the start of the year at 1,086.
The possibility of a rate hike in July, according to a survey by the CME group, 17.9% on Monday, down from 43.2% the previous month. Market players may also see practical if there is no chance of a rate hike this week’s meeting. The probability of a rate hike in June is currently fixed at 1.9% on Monday, sharply below last month’s forecast of 26.3%.
The FOMC has left a variety of targets in the benchmark federal Funds Rate at current levels between 0.25 and 0.50% in each of this year’s meeting. Any increase in interest rates by the Fed this year is seen as bullish for the dollar, as foreign investors piled dollars to take advantage of higher yields.
On the other hand the GBP / USD fell close to two-month lows at 1.4116, before rebounding remedy to 1.4221, up 0.22% on the session.
Technically
Resistance: 1.1293 1.1314 1.1342 High / Low: 1.1295 / 1.1286
Support: 1.1279 1.1272 1.1244 Running Price: 1.1288
Comment: For intraday trade today suggest Buy at the level of 1.1280; stop loss at the level of 1.1240; targets 1.1330.
Oil prices began to fall
Crude oil futures fell slightly on Monday, continuing the trend of losses from late last week, as OPEC predicted world oil demand growth unchanged amid further evidence of a decline in China’s crude oil imports.
On the New York Mercantile Exchange, WTI crude oil for delivery in July traded between $ 48.16 and $ 49.27 per barrel before closing at $ 48.86, down 0.21 or 0.42% on the session. On the Intercontinental Exchange (ICE), Brent crude for August delivery wavered between $ 49.62 and $ 50.78 per barrel, before settling at $ 50.32, down 0.22 or 0.44% on the day.
US crude oil futures have surged more than 85% since falling to a 13-year lows at $ 26.05 per barrel on February 11.
On Monday, OPEC outlook on the global oil demand growth is expected unchanged at 1.20 million barrels per day to 94.18 million, amid the rise in India. It came as a Chinese refinery output fell to 10.46 million barrels per day, the lowest daily average since last September. At the same time, oil imports in China fell to four-month lows, amid signs that oil demand could decline over the next few months.
Meanwhile, OPEC expects supply growth also remained stable at 0.74 million barrels per day, with a total of 56.40 million barrels per day this year. OPEC revised estimates to decline in Canada, Brazil and Colombia to offset gains in the US, UK, Russia and Azerbaijan. In terms of demand for OPEC, the group of 13 countries left it unchanged at 31.5 million barrels per day, up 1.8 million barrels per day from the same month last year.
Despite yesterday’s sharp rise in oil prices, crude oil is still down more than 50% from the peak of $ 115 per barrel two years ago.
Technically
Resistance: 48.60 48.87 50.00 High / Low: 48.87 / 48.31
Support: 48.16 47.79 47.50 Running Price: 48.41
Comment: For intraday trade today suggest Sell at level 48.60; stoploss at the level of 48.90; targets at level 47.90.
