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DJIA ahead of Fed Chair Powell speech

DJ:DJI   Dow Jones Industrial Average Index
Dow changed little on Tuesday as markets are awaiting Fed Chair Powell to speak after assuming dovish stance in the last minutes. Investors are fully pricing Fed funds rate cut in the next July decision and as much as 50 basis points by the year-end, It would support the stock market and lead Dow upwards. New highs in sight are even more certain after the US and China agree on trade terms. However, markets are cautious until the official meeting. RSI moves along the overbought band possibly indicating a pullback in an unfavourable event.

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