Take the Cue from the Federal Reserve

17 December, 2014

Yesterday world financial markets closed mainly in the red zone. Europe’s stock markets made an exception, though, and finished the trading session on the rise – the British FTSE 100 grew 2.41 percent up to 6,331.83 points, the French CAC 40 gained 2.19 percent making 4,093.20 points, and the German DAX advanced 2.46 percent up to 9,563.89 points.

Tuesday’s ruble crash on the currency market made the RTS index plummet – it plunged 12.41 percent and stopped at 629.15 points. The MICEX index, on the contrary, grew 1.36 percent up to 1,444.32 points.

In the United States, the Dow Jones Industrial Average fell 0.65 percent down to 17,068.87 points, the Standard & Poor's 500 dropped 0.85 percent down to 1,972.74 points, and the NASDAQ Composite shed 1.25 percent going down to 4,547.83 points.

On the NYMEX, WTI oil futures for January rose by $0.02 and reached $55.93 a barrel. On London’s ICE, Brent oil futures for January went down by $1.20 and finished trading at $59.86 a barrel.

On the Forex market, EUR/USD just pinpricked the 1.2565 mark on the daily chart. Nonetheless, it finished the day exactly at 1.2510. Thus, this level hasn’t been overcome yet. Today the Federal Reserve’s decision about the key interest rate and commentaries about the USA’s further monetary policy will be made public. The EUR/USD pair’s trend may change drastically in light of this news.

Anna Gorenkova, NordFX Analyst


Source link  
Investing in Gold: Endurance Test

Nathan Rothschild from the famous banking dynasty once said that gold was not understood. Attempts to sum up the opinions of the most respected representatives of the financial community only prove Rothschild right - all discussions about gold turn into a real battle...

How to Survive Global Financial Apocalypse

Can the latest events in the world be viewed as precursors of an economic collapse on a global scale? Currencies soar and crash, there’re bearish forecasts for the markets of almost all large countries, falling oil prices and plunging shares of major companies. Many respectable analysts believe that this is just the beginning and the worst of it will be staggering...

Euro Reached Its Target Level

Last Friday European markets closed in the red whereas Russian and US markets posted a rise...


FTSE 100 grew 0.23 percent to 6,949.63 points

Yesterday the world’s financial markets closed mainly on the decline. In Europe, the FTSE 100 grew 0.23 percent to 6,949.63 points, the DAX dropped 1.05 percent down to 11,351.46 points, and the CAC 40 fell 0.26 percent to 4,961.86 points...

EUR/USD Is Correcting

Yesterday world financial markets posted mixed results again. In Europe, the FTSE 100 fell 0.67 percent to 6,886.95 points...

Russian Equity Gains Due to Oil Price Rise Over Holidays

Yesterday world financial markets closed mixed. European indices posted a drop – Britain’s FTSE 100 fell 0.84 percent to 6,927.58 points...


Euro Started to Go Up

Yesterday world financial markets closed predominantly with a drop. As such in Europe, the British FTSE 100 fell 1.2...

Euro Continues to Fall

Last Friday the world’s financial markets closed with a drop for the most part. Some European...

EUR/USD on the Decline

Yesterday world financial markets posted mixed results again. In Europe as such...

  


Share: