{"id":1649,"date":"2019-02-21T09:10:22","date_gmt":"2019-02-21T08:10:22","guid":{"rendered":"https:\/\/inscx.com\/trading\/?p=1649"},"modified":"2019-02-21T09:10:22","modified_gmt":"2019-02-21T08:10:22","slug":"general-market-comment-20-02-19","status":"publish","type":"post","link":"https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/","title":{"rendered":"General Market Comment 20.02.19"},"content":{"rendered":"

General Market Comment<\/strong><\/p>\n

US indices closed higher on Wednesday, boosted by shares in the Materials (+1.69%), Automobiles & Components (+0.96%) and Consumer Services (+0.89%) sectors. On the economic data front, MBA mortgage applications improved by 3.6% in week ended February 15th from a decline of 6.9% in the prior week. The Fed released the minutes of their Jan 29th-30th meeting which shows that policy makers saw few risks in keeping the federal funds rate target unchanged “for a time”. The Fed officials believe that further rate hikes might be necessary if inflation were to accelerate. The S&P 500 (2,784.70) stays above its 20d moving average (2,711.14 – positive slope) and 50d moving average (2,619.11 – positive slope).<\/p>\n

European markets are expected to start on a flat note.<\/p>\n

Foreign Exchange<\/span><\/strong><\/p>\n

The US dollar was bullish against most of its major pairs on Wednesday with the exception of the CAD. On the economic data front, MBA mortgage applications improved by 3.6% in week ended February 15th from a decline of 6.9% in the prior week. The Fed released the minutes of their Jan 29th-30th meeting which shows that policy makers saw few risks in keeping the federal funds rate target unchanged “for a time”. The Fed officials believe that further rate hikes might be necessary if inflation were to accelerate.<\/p>\n

The Euro was bullish against most of its major pairs except for the CAD. The euro-zone consumer confidence index was -7.4 in February in first reading (-7.7 expected) vs -7.9 a month earlier. The Germany PPI index increased by 0.4% in January (-0.1% anticipated) after a 0.4% slide in December.<\/p>\n

The Australian dollar was mixed against its major pairs.<\/p>\n

Commodities<\/span><\/strong><\/p>\n

After the close of Wall Street, WTI Crude Future (APR 19) was up $0.7 to $57.13. The contract was above its 20D MA (@ $54.23) and above its 50D MA (@ $51.7).<\/p>\n

Gold was down $2.5 to $1338.4. The precious metal was above its 20D MA (@ $1314) and above its 50D MA (@ $1291).<\/p>\n

Copper Future (MAY 19) on Comex was up 3.9c to 291.75c\/lb. The contract was above its 20D MA (@ 278.41c) and above its 50D MA (@ 272.61c). The 14d RSI above 70 (70.13) indicates Copper Future (MAY 19) contract was overbought. In Europe, the London Metal Exchange reported its copper inventories increased 100 tons to 139500 tons.<\/p>\n","protected":false},"excerpt":{"rendered":"

General Market Comment US indices closed higher on Wednesday, boosted by shares in the Materials (+1.69%), Automobiles & Components (+0.96%) and Consumer Services (+0.89%) sectors. On the economic data front, MBA mortgage applications improved by 3.6% in week ended February 15th from a decline of 6.9% in the prior week. The Fed released the minutes … <\/p>\n

Continue reading “General Market Comment 20.02.19”<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1649","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\nGeneral Market Comment 20.02.19 - INSCX Live Trading Platform<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"General Market Comment 20.02.19 - INSCX Live Trading Platform\" \/>\n<meta property=\"og:description\" content=\"General Market Comment US indices closed higher on Wednesday, boosted by shares in the Materials (+1.69%), Automobiles & Components (+0.96%) and Consumer Services (+0.89%) sectors. On the economic data front, MBA mortgage applications improved by 3.6% in week ended February 15th from a decline of 6.9% in the prior week. The Fed released the minutes … Continue reading "General Market Comment 20.02.19"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/\" \/>\n<meta property=\"og:site_name\" content=\"INSCX Live Trading Platform\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-21T08:10:22+00:00\" \/>\n<meta name=\"author\" content=\"Specialist\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Specialist\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/\"},\"author\":{\"name\":\"Specialist\",\"@id\":\"https:\/\/inscx.com\/trading\/#\/schema\/person\/20604f80fe5c1549c2fe519b544ab55b\"},\"headline\":\"General Market Comment 20.02.19\",\"datePublished\":\"2019-02-21T08:10:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/\"},\"wordCount\":364,\"articleSection\":[\"News\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/\",\"url\":\"https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/\",\"name\":\"General Market Comment 20.02.19 - INSCX Live Trading Platform\",\"isPartOf\":{\"@id\":\"https:\/\/inscx.com\/trading\/#website\"},\"datePublished\":\"2019-02-21T08:10:22+00:00\",\"author\":{\"@id\":\"https:\/\/inscx.com\/trading\/#\/schema\/person\/20604f80fe5c1549c2fe519b544ab55b\"},\"breadcrumb\":{\"@id\":\"https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/inscx.com\/trading\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"General Market Comment 20.02.19\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/inscx.com\/trading\/#website\",\"url\":\"https:\/\/inscx.com\/trading\/\",\"name\":\"INSCX Live Trading Platform\",\"description\":\"Real time trading in Polymers, Base Oils, TiO2 and Nanomaterials\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/inscx.com\/trading\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/inscx.com\/trading\/#\/schema\/person\/20604f80fe5c1549c2fe519b544ab55b\",\"name\":\"Specialist\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/inscx.com\/trading\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d629b25ac6247f64677fcf7d797e5d8db1b4b0fb1c76cf5d9c31abf3b286c11?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d629b25ac6247f64677fcf7d797e5d8db1b4b0fb1c76cf5d9c31abf3b286c11?s=96&d=mm&r=g\",\"caption\":\"Specialist\"},\"url\":\"https:\/\/inscx.com\/trading\/author\/cmgnanoshel-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"General Market Comment 20.02.19 - INSCX Live Trading Platform","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/","og_locale":"en_GB","og_type":"article","og_title":"General Market Comment 20.02.19 - INSCX Live Trading Platform","og_description":"General Market Comment US indices closed higher on Wednesday, boosted by shares in the Materials (+1.69%), Automobiles & Components (+0.96%) and Consumer Services (+0.89%) sectors. On the economic data front, MBA mortgage applications improved by 3.6% in week ended February 15th from a decline of 6.9% in the prior week. The Fed released the minutes … Continue reading \"General Market Comment 20.02.19\"","og_url":"https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/","og_site_name":"INSCX Live Trading Platform","article_published_time":"2019-02-21T08:10:22+00:00","author":"Specialist","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Specialist","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/#article","isPartOf":{"@id":"https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/"},"author":{"name":"Specialist","@id":"https:\/\/inscx.com\/trading\/#\/schema\/person\/20604f80fe5c1549c2fe519b544ab55b"},"headline":"General Market Comment 20.02.19","datePublished":"2019-02-21T08:10:22+00:00","mainEntityOfPage":{"@id":"https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/"},"wordCount":364,"articleSection":["News"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/","url":"https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/","name":"General Market Comment 20.02.19 - INSCX Live Trading Platform","isPartOf":{"@id":"https:\/\/inscx.com\/trading\/#website"},"datePublished":"2019-02-21T08:10:22+00:00","author":{"@id":"https:\/\/inscx.com\/trading\/#\/schema\/person\/20604f80fe5c1549c2fe519b544ab55b"},"breadcrumb":{"@id":"https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/inscx.com\/trading\/2019\/02\/21\/general-market-comment-20-02-19\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/inscx.com\/trading\/"},{"@type":"ListItem","position":2,"name":"General Market Comment 20.02.19"}]},{"@type":"WebSite","@id":"https:\/\/inscx.com\/trading\/#website","url":"https:\/\/inscx.com\/trading\/","name":"INSCX Live Trading Platform","description":"Real time trading in Polymers, Base Oils, TiO2 and Nanomaterials","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/inscx.com\/trading\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/inscx.com\/trading\/#\/schema\/person\/20604f80fe5c1549c2fe519b544ab55b","name":"Specialist","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/inscx.com\/trading\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d629b25ac6247f64677fcf7d797e5d8db1b4b0fb1c76cf5d9c31abf3b286c11?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d629b25ac6247f64677fcf7d797e5d8db1b4b0fb1c76cf5d9c31abf3b286c11?s=96&d=mm&r=g","caption":"Specialist"},"url":"https:\/\/inscx.com\/trading\/author\/cmgnanoshel-com\/"}]}},"_links":{"self":[{"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/posts\/1649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/comments?post=1649"}],"version-history":[{"count":0,"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/posts\/1649\/revisions"}],"wp:attachment":[{"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/media?parent=1649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/categories?post=1649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inscx.com\/trading\/wp-json\/wp\/v2\/tags?post=1649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}