Waiting for Federal Reserve Meeting Outcomes

June 18, 2014

On Tuesday, stock markets closed mixed again. With that, European stock indices finished trading on the rise – Germany’s DAX grew 0.37 percent up to 9,920.32 points, Britain’s FTSE 100 gained 0.18 percent making 6,766.77 points, and France’s CAC 40 advanced 0.58 percent up to 4,536.07 points.

In Russia, the MICEX index fell 0.51 percent down to 1,486.38 points and the RTS index – 1.05 percent down to 1,343.50 points.

In the USA, the Dow Jones Industrial Average grew 0.16 percent up to 16,808.49 points, the NASDAQ advanced 0.37 percent up to 4,337.23 points, and the S&P 500 BMI picked up 0.22 percent reaching 1,941.99 points. 

The NYMEX price of WTI oil for July dropped by $0.54 and stopped at $106.36 a barrel. On London’s ICE, the price of Brent oil futures for August delivery rose by $0.51 and made $113.45 a barrel.

On Forex, EUR/USD hasn’t been able to get above 1.3580 yet. Today the Federal Reserve Chief’s speech and a decision on the key interest rate will be published. Their content may define the pair’s further trend. However, judging from the technical picture, it will be much easier for EUR/USD to go down.

Anna Gorenkova, NordFX Analyst

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