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> Fundamental Analysis 2017.09.27 – The Fed Talks Numbers (finally)
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Fundamental Analysis 2017.09.27 – The Fed Talks Numbers (finally)

STO

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In view of the absence of important macroeconomic releases the rate of USD continued to grow against the majors. The dollar was additionally supported by the statement by the Fed's head Janet Yellen at the annual meeting of the National Association for Business Economics in Cleveland. The head of the Fed pointed out that in the current economic conditions the regulator considered it reasonable to gradually increase the interest rate. Investors reacted to this news with purchases of the US currency.

In view of this the pair EUR/USD dropped by 0.61% to 1.1774. Euro is under additional pressure from the results of the election of German Bundestag.
The rate of GBP/USD dropped to 1.3419 (-0.34%).

The pair USD/JPY strengthened by 0.63% and is trading around 112.41.

The rate of AUD/USD continues to gradually go down in view of growing USD. During the previous day the pair dropped by 0.91% to 0.7865.

Metal quotes are reducing. Gold dropped to 1293.49 (-1.31%). Silver lost 1.92% and is trading around 16.82.

Oil prices are showing mixed dynamics. Brent reduced to 58.14 (-0.50%). WTI is trading around 52.23 (+0.12%).

American stock market is trading in both directions. Dow Jones is trading around 22300.5 (-0.08%). NQ rose to 5891.7 (+0.33%). S&P is near 2497.8 (-0.07%).

British FTSE is trading around 7289.5 (-0.18%). French CAC rose to 5280.3 (+0.13%). German DAX gained 0.38% and is trading around 12636.6.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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Source: https://www.stofs.com/en/newsroom/entry/DAILY_MARKET/fundamental-analysis-20170927-the-fed-talks-numbers/?camp=24219
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