A surge higher again Tuesday by US and global equity averages, in most cases positing new cycle and 2019 highs.
This bullish behaviour has reinforced both short- and intermediate-term bullish themes that have dominated this year.
The most recent up lift was triggered by the “No Deal” Brexit being taken off the table last week.
However, some ongoing concerns around US-Sino trade negotiations, plus today’s upcoming Federal reserve Meeting saw major European and US indices dip back yesterday from the new 2019 peaks.
Here we focus on the US benchmark average, the S&P 500, into the FOMC decision, statement and press conference.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/us-equities-strong-but-cautious-ahead-of-the-fed-meeting/