Futures slightly higher before the Fed interest-rate decision

DJIA futures up 33 points before the market open, indicating cautious bullish opening. Today, the Fed will announce interest-rate. Traders and investors will observe the economic outlook presented by the Fed also the possibility of further stimulus.

If there are more measures given by the Fed then traders will expect further upside in the stock market.

Asian & European Stock market

The Asian stock market mixed today. Japan stock market up 33.92 points (+0.15%) to 23,124.95, China stock market down 12.36 points (-0.42%) to 2,943.75 and Australia ASX 200 up 3.50 points (+0.06%) to 6,148.40. The European stock market also mixed before the Fed interest-rate decision. DAX Germany up 0.04%, FTSE UK up 0.24%, Euro STOXX 600 up 0.11%

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA crossed above March high, back on bullish track and might target the all-time high 29,568.57. Technically, 26,000 – 27,000 is the flip area which will help the index to maintain bullish pressure. If the index trade lowers then traders could observe the daily SMA 200 as bounce level.

Dana incorporation Com (DAN)

DAN Share prices look moving inside a bullish channel and soon will reach the bearish trendline. Recently, the share prices crossed the daily SMA 200 which might be a confirmation that the trend has turned from bearish to bullish. If there is bearish pullback toward the daily SMA 200 then traders could prepare to enter long positions.