Fed Supports Bonds :Dow Jones Index Daily Analysis after Fed July minutes release. Fed minutes show officials concerned about the low inflation. Some Fed members argued the US central Bank can afford to “be patient” before raising rates again.
Fed Supports Bonds:
“The debate around the Inflation short fall more robust this month than last- As it should have been which i think make the minutes read a touch dovish. So Interest rate rise may be delayed by FOMC Committee .
Dow Jones Index Daily Analysis:
The Dow Jones Industrial Average DJIA climbed 25.88 points , or 0.1% to end at 22024.87, extending its winning streak to a fourth session. United Technologies contributed Dow Jones 19 points upside and Goldman Sachs contributed 13.30 points downside .
Dow 30 opened the day on positive note 32.94 points upside and went slowly to the highs of the day to the level of 22085.71. After the release of FOMC July minutes release the Dow 30 index become volatile and slowly drifted towards the low.
Dow Concluded its corrective upside wave from 21844 to 22080 So one more correction on downside is bending. Stop loss for selling is placed at 22100 . Check which Stocks are Contributing more on downside real time.