Dow goes down

Dow goes down

On Wednesday, the Dow headed south because the key US bank had interest rates increased and also came up with a less dovish outlook on tightening than a lot of investors had hoped for.

As a matter of fact, the Dow Jones Industrial Average tumbled by 1.49%. Additionally, the S&P 500 went down by 1.62%. As for the Nasdaq Composite, it decreased by 2.17%.

A sea of red swallowed Wall Street on worries that the major US bank could overshoot on its monetary policy, even as the Fed downgraded its outlook on rate lifts next year against the backdrop of hopes for a slower tempo of surge as well as inflation.

The key American financial institution had its 2019 median estimate for interest rates reduced to 2.9% versus the previous forecast of 3.1%, dropping a hint at two rates lifts next year. It turns out to be below the three rate lifts earlier specified in the major bank’s September projections.

Some experts told that the major bank’s projections on an array of measures, including inflation, economic surge, and unemployment, didn’t appear to be as dovish as anticipated.

Selling was affected by a slump in tech, provoked by a decrease in Facebook after news that DC attorney general Karl Racine came up with a claim against the social media giant. He blamed it for sending its user's data right to Cambridge Analytica.

Energy stocks were still on the backfoot even as American crude prices managed to regain some of their losses from Tuesday despite the fact the Energy Information Administration came up with a smaller-than-anticipated draw in oil supplies.

In addition to this, transports were affected by a 12% decline in FedEx because it had its outlook on earnings downgraded, referring to a deceleration in global trade in the face of the US-China trade conflict.


Apple event surprised traders
Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera