Important Market Events for March 23, 2016

March 23, 2016

Here are the most important events in the financial markets for today that every trader should know.

European Equities Recover from Brussels Attack

European stocks rallied today as markets recover from the terrorist attack on Brussels. The German DAX edged up by 1 percent, while France’s CAC40 gained by 0.7 percent.

British Pound Plunges Amid Worries on Brexit

The British pound continued to weaken against the greenback and the euro, as the Brussels attacks were seen as boosting the possibility of a British exit from the European Union.  

US Oil Futures Drop Ahead of Weekly Supply Data

The prices of oil were down today amid speculation that the weekly supply data, which is scheduled to be released later in the session will show that US crude stockpiles increased at a faster than anticipated pace during the previous year.

At the time of writing, US crude is trading lower by 2.41 percent, while Brent oil is down by 2.06 percent.

Greenback Surges to 1-week High on Hawkish Fed

The US dollar soared to a 1-week high against a basket of major currencies, supported by hawking comments by the Federal Reserve.

On Tuesday, Philadelphia Fed President Patrick Harker remarked that the US central bank should consider another interest rate increase as early as the following month. Moreover, he also said that he would prefer at least three hikes before 2016 ends.

On the other hand, Chicago Fed President Charles Evans asserted that he anticipates two more interest rate hikes this year, if the domestic economy stays on track.

Publication source
Trade12 information  Trade12 reviews

October 20, 2016
Markets want a hike
The market is getting very anxious, as everybody is waiting for the FED to increase the interest rates. This makes the currency swing from one extreme to another...
October 20, 2016
Asian stock markets mostly moved higher
Governor Poloz said they actively discussed adding more monetary stimulus before deciding to leave the policy rate unchanged...
October 20, 2016
Euro looks to ECB meeting as risks are balanced
The single currency could come under pressure as the ECB meeting is scheduled for later today. No policy changes are expected from the central bank as Draghi's whatever it takes remains the main keyword...

Grand Capital Rating
OANDA Rating
Vantage FX Rating
FXCM Rating
FxPro Rating
OctaFX Rating

365BinaryOption Rating
EZTrader Rating
OptionFair Rating
TropicalTrade Rating
Banc De Binary Rating
Grand Option Rating