InstructFX

US Indices SellOff / OIL Tanks After FED - US Markets Open 18 03


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Good morning America.

- The FED announced last night that the Interest Rate might be adjusted 2 years sooner that previously announced as the Economic Forecast indicates a faster recovery of the US economy

- US Indices start Selloff shortly after the FED press conference with the Nasdaq100 down 1.2% pre market open today and the S&P500 also down 0.5%

- The UK’s vaccination campaign and one of the most advanced in Europe encounters some road bumps due to delivery problems with the AstraZeneca vaccine and, more pressingly, an export ban by the European Union

- Crude Oil tanks again following a rise in US Crude Inventories and also by the recent surge in cases in India, which has halted an impressive improvement in mobility trends

- Bitcoin rallies after Morgan Stanley announced the launch of 3 funds that will allow investors to own BTC by April 2021

Remember to trade Responsibly !

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InstructFXBy Andrew Mreana