US Commerce Department showed that personal spending rebounded in August, pointing to a still resilient economy.
Fed Vice Chair Lael Brainard echoed the central's bank intention to bring rates to a restrictive level even at the risk of a recession
This dollar’s strength was seen across the board, with some of the most pronounced buying activity against the British pound and the euro amid growing economic and energy worries.
Technically: Critical support levels for Dow is 27616 which is also a 50% retracement levels from the low it made 2 years back.
Fed Vice Chair Lael Brainard echoed the central's bank intention to bring rates to a restrictive level even at the risk of a recession
This dollar’s strength was seen across the board, with some of the most pronounced buying activity against the British pound and the euro amid growing economic and energy worries.
Technically: Critical support levels for Dow is 27616 which is also a 50% retracement levels from the low it made 2 years back.
Looks like the first step to a pivot is made
10-year Treasury traded 7 basis points lower to 3.97%.
#DowJones up 300 points
Have pointed out the bottom looks near 28660 and DJI made it as 52W low and from there now rallied to almost 33000 levels