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

Publication source
NordFX information  NordFX reviews

October 21, 2016
Gold prices drop in Asia amid stronger greenback
On Friday, gold dropped during Asia trade amid a strengthening greenback as well as surging chances of a rate hike weighing on the hedge commodity...
October 21, 2016
ECB holds the rate unchanged with the pressure on Draghi
After a brief upturn seen in the late Asian trading, the currency retreats to the Wednesday close showing a tepid response to the ECB policy update. The New York FED leader William Dudley comments offered a support to the Dollar rally although the focus remained on the US inflation...
October 21, 2016
EURGBP Tests Major Support
This morning we saw the release of German PPI YoY and MoM figures for September. The former fell to -1.4%, compared to expectations of -1.2%. The latter was -0.2%, in line with expectations...

FXTM Rating
FxPro Rating
FXCM Rating
FBS Rating
XM Rating
Larson&Holz IT Ltd Rating

OptionBit Rating
Beeoptions Rating
365BinaryOption Rating
IQ Option Rating
EZTrader Rating
OptionRally Rating