{"id":293509,"date":"2021-01-27T23:53:51","date_gmt":"2021-01-27T12:53:51","guid":{"rendered":"https:\/\/www.gomarketingteam.com\/articles\/overnight-on-wall-street-thursday-28-january-2021\/"},"modified":"2021-02-19T12:12:57","modified_gmt":"2021-02-19T01:12:57","slug":"overnight-on-wall-street-thursday-28-january-2021","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/daily-news\/overnight-on-wall-street-thursday-28-january-2021\/","title":{"rendered":"Overnight on Wall Street: Thursday 28 January 2021"},"content":{"rendered":"

By Lachlan Meakin<\/strong><\/p>\n

Equity markets<\/strong><\/h4>\n

US and European Equity markets suffered a considerable drop last night with the S&P 500 (US500) posting its worst session since October and European markets their worst session of the year.<\/span><\/p>\n

The FOMC policy statement overnight struck a less dovish tone than investors had hoped for, while the central bank kept benchmark interest rates unchanged at their near-zero level, a change of language indicated that it is unlikely further stimulatory measures will be taken on top of the current regime.<\/span><\/p>\n

NASDAQ listed giants Facebook (FB) and Tesla (TSLA) also disappointed with reported results helping to drag down the NASDAQ 2.6% making it the worst performing major US Index of the day.<\/span><\/p>\n

\"\"<\/p>\n

Source: Google Finance<\/p>\n

On the back of this, Asian and Australian markets are looking to open substantially down, with the ASX200 down almost 1.5% at the open.<\/span><\/p>\n

Currency markets\u00a0<\/b><\/h4>\n

The US dollar Index rallied 0.5% overnight with the release of the FOMC policy statement, as a result major pairs weakened against the greenback with AUDUSD falling over 1% to be the worst performing major pair finishing decisively below the 0.77 level that had been acting as support.<\/span><\/p>\n

\"\"
\nSource: GO MT4<\/p>\n

\"\"Oil<\/strong><\/h4>\n

Despite a much larger draw on crude oil inventories overnight crude oil had a quiet session. After comments from Jerome Powell overnight oil traders are wary that full recovery is some way off and with it oil demand. US crude has found major resistance around the $54 a barrel level.<\/span><\/p>\n

\"\"
\nSource: GO MT4<\/p>\n

Bitcoin<\/b><\/h4>\n

Bitcoin (BTCUSD) continued its recent down trend with the price briefly dipping below the important 30,000 level before rebounding slightly.<\/span><\/p>\n

This level is seen as psychologically important to Bitcoin fans and how it holds in the next few sessions should be indicative of near term price trends in the Cryptocurrency.<\/span><\/p>\n

US dollar strength and the seeming rotation of momentum traders into different assets are causing a headwind on the price.<\/span><\/p>\n

\"\"
\nSource: GO MT4<\/p>\n

By Lachlan Meakin<\/strong><\/p>\n\n\n\n\n\n\n\n
Friday, 28 January 2021<\/strong>\u00a0<\/strong>
\n<\/strong>Indicative Index Dividends
\nDividends are in Points<\/sup><\/em><\/td>\n<\/tr>\n
ASX200<\/strong><\/td>\nWS30<\/strong><\/td>\nUS500<\/strong><\/td>\nUS2000<\/strong><\/td>\nNDX100<\/strong><\/td>\nCAC40<\/strong><\/td>\nSTOXX50<\/strong><\/td>\n<\/tr>\n
0<\/td>\n0<\/td>\n0.49<\/td>\n0.047<\/td>\n1.236<\/td>\n0<\/td>\n0<\/td>\n<\/tr>\n
ESP35<\/strong><\/td>\nITA40<\/strong><\/td>\nFTSE100<\/strong><\/td>\nDAX30<\/strong><\/td>\nHK50<\/strong><\/td>\nJP225<\/strong><\/td>\nINDIA50<\/strong><\/td>\n<\/tr>\n
0<\/td>\n0<\/td>\n0<\/td>\n0<\/td>\n0<\/td>\n0<\/td>\n0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


\n\"\"<\/a><\/p>\n

Disclaimer: The articles are from GO Markets analysts, \u00a0based on their independent analysis or personal experiences. Views or opinions or trading styles expressed are of their own; \u00a0should not be taken as either representative of or shared by GO Markets. \u00a0Advice (if any), \u00a0are of a \u2018general\u2019 nature and not based on your personal objectives, financial situation or needs.\u00a0 You should therefore consider how appropriate the advice (if any) is to your objectives, financial situation and needs, before acting on the advice. \u00a0If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

By Lachlan Meakin Equity markets US and European Equity markets suffered a considerable drop last night with the S&P 500 (US500) posting its worst session since October and European markets their worst session of the year. The FOMC policy statement overnight struck a less dovish tone than investors had hoped for, while the central bank […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[129],"tags":[],"yoast_head":"\nOvernight on Wall Street: Thursday 28 January 2021 - GO Markets<\/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:\/\/www.gomarkets.com\/en\/daily-news\/overnight-on-wall-street-thursday-28-january-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Overnight on Wall Street: Thursday 28 January 2021 - GO Markets\" \/>\n<meta property=\"og:description\" content=\"By Lachlan Meakin Equity markets US and European Equity markets suffered a considerable drop last night with the S&P 500 (US500) posting its worst session since October and European markets their worst session of the year. 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