Trading news

Take the Cue from the Federal Reserve

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

Wednesday, 17 Dec, 2014 / 11:52

Source :

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