Subscribe to RSS

Market Overview:  Federal Reserve leaves rates unchanged

US stock markets fell on Wednesday after Federal Reserve left interest rate unchanged and indicated policy makers don’t rule out a rate hike in March. The dollar weakened with live dollar index showing the ICE US Dollar index declined 0.3% to 99.03. The Dow Jones Industrial Average fell 1.4% to 15944.64. The S&P 500 ended lower 1.1% at 1,882.95. The Fed’s statement was not as dovish as market participants had expected. Policy makers expressed confidence US economy will continue growing moderately even with “gradual” rate increases, adding they are weighing how the global economy and financial markets could affect the outlook. In an acknowledgement of increased global risks a prior reference to the risks to the economic outlook being “balanced” was dropped from the statement. Policy makers expect further improvement in job market pointing to a range of recent labor market indicators, and anticipate inflation is unlikely to rise rapidly toward the central bank’s 2% target.

In other economic news, sales of new homes rebounded in December, indicating continued strength in the housing market. Today at 14:30 CET December Durable Goods Orders will be released in US. The tentative outlook is negative. At the same time initial jobless claims and unemployment claims will be published. They are expected to decline. And at 16:00 CET December Pending Home sales will be released. The tentative outlook is positive.

European markets edged higher on Wednesday as oil prices rebounded. The euro strengthened against the dollar after the release of Federal Reserve policy statement. The Stoxx Europe 600 index rose 0.3%, Germany’s DAX 30 closed up 0.6% at 9880.82 and France’s CAC 40 added 0.5%. Energy stocks closed higher as oil prices rebounded, helping erase early losses. Royal Dutch Shell gained 2.9% as shareholders approved the company’s proposed $70 billion takeover of BG Group. Today at 10:30 CET preliminary fourth quarter GDP will be released in UK. The tentative outlook is positive for Pound. At 11:00 CET January economic and consumer confidence indexes will be released in euro-zone. At 14:00 CET January preliminary Consumer Price Inflation will be published in Germany. The tentative outlook is negative for euro.

Nikkei fell 0.7% today as investors awaited the conclusion of Bank of Japan’s policy meeting on Friday amid concerns about global slowdown. Tomorrow the Bank of Japan will announce its monetary policy statement, and recent market turmoil has given rise to expectations of further expansion of monetary stimulus program by the central bank. Chinese shares fell today in light trading as selloff resumed, while China’s central bank offered 340 billion yuan or $51.89 billion of short-term loans to commercial banks in a routine money market operation Thursday.

Oil futures prices are falling today after gaining over 3% on Wednesday buoyed by expectations that Russia and OPEC may cooperate on output cuts. Prices got support also from US government data showing domestic oil production declined by 14,000 barrels a day to total 9.22 million barrels a day. March Brent crude gained 4.1% to $33.10 a barrel on London’s ICE Futures exchange. However, traders are focusing now on bigger-than-expected build-up in US crude inventories which climbed by 8.4 million barrels against expectations for a rise of 3.3 million barrels.

0 commentsback to post

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

100% Withdrawable Bonus on your First Deposit – NordFX

100% Withdrawable Bonus on your First Deposit – NordFX(0)

Up to 150% Bonus for a First Time to binary options Account. For a perfect start, we offer you a 150% bonus for a first-time $5,000 deposit. Link:  Up to 150% Bonus for a First Time Link:  100% Withdrawable Deposit Bonus Link:  55% Deposit Bonus Promotion Link:  DemoCup contest  prize fund is $42000 Available to:

$10 Free Credited into your account – Champion FX

$10 Free Credited into your account – Champion FX(0)

$10 Free Welcome Credited Bonus into your account. Sign up for a ChampionFX Cent live trading account today and get a Free Welcome Forex Credited Bonus worth USD 10 Link:  $10 Free Credited Available to: New and Existing Traders. Ending Date: 31 December 2018 Bonus Offer: $10 Free Welcome Credited into your account to All

Monthly Live Forex Trading Competition – Tickmill Ltd.

Monthly Live Forex Trading Competition – Tickmill Ltd.(0)

Forex Monthly Live Trading Competition. Put your forex trading skills to test and win up to $1000 every Month! Forex Live Trading Competition is only available for clients of Tickmill Ltd.(FSA Regulated) Link:  Weekly Demo Race Trading Contest Link:  $30 Free Welcome Bonus Offer Link:  Forex Monthly Live Trading Contest Available to: All new traders

Get $1500 Forex No Deposit Welcome Bonus – InstaForex

Get $1500 Forex No Deposit Welcome Bonus – InstaForex(0)

Get $1500 No Deposit Forex Bonus from InstaForex no need to risk your own money if you have already got funds to earn more money. The $1500 No Deposit Free Bonus from InstaForex is an exciting opportunity to start Forex live trading. Link:  $500 Forex No Deposit Free Bonus Link:  $1000 Forex No Deposit Free

Up to 50% Welcome Bonus on Each Deposit – Fort Financial

Up to 50% Welcome Bonus on Each Deposit – Fort Financial(0)

Up to 50% Welcome Bonus of Every Deposit to All New and Existing Traders. You Deposited $1000 on your account, chose a 50% bonus and got 500 extra dollars to the initial deposit amount. Link: $888 Extra Bonus Amount Promotions Link:  $5 Forex No Deposit Welcome Bonus Link:  Up to 50% Bonus of Every Deposit

300 USD No Deposit Forex Welcome Bonus – CARRAX

300 USD No Deposit Forex Welcome Bonus – CARRAX(0)

300 USD No Deposit Forex Welcome Bonus for 30 calendar days for real trade in the forex market. Only Carrax verified users may participate in the 300 USD No Deposit Forex Welcome Bonus Promotion. Link:  300 USD Forex No Deposit Bonus Withdrawal: Only profits can be withdrawn after 30 days of having the account active.

FX Zone Currency Capital Forex Trading Contest – FXTM

FX Zone Currency Capital Forex Trading Contest – FXTM(0)

FX Zone Currency Capital Trading Contest final Bid Central. Sharpen your forex trading skills completely RISK-FREE as you enter ForexTime Broker simulated forex world of 2017 the FX Zone Currency Capital Contest. Link:  FX Zone Currency Capital Contest Link:  $25 Per Referral Earn up to $10000 Link:  Receive $30 Tradeable Credit Bonus Link:  Loyalty Cashback

$123 Free No Deposit Welcome Bonus – FBS Broker

$123 Free No Deposit Welcome Bonus – FBS Broker(0)

$123 Free No Deposit Forex Bonus of FBS Broker all new members to get a Free bonus of $123 without initial deposits and start a risk-free forex liveForex Trading. Link:  $123 Free Forex Bonus Promotion Link:  100% Deposit Bonus Promotion Link:  $88.8 Lucky No Deposit Bonus (for Malaysian traders) Available to: All new traders Ending

$50 Free No Deposit Bitcoin Bonus Special Promo – UFX

$50 Free No Deposit Bitcoin Bonus Special Promo – UFX(0)

$50 Forex No Deposit Bitcoin Bonus Special Promotion to all new trading account holder. Start Forex Trading Bitcoin with UFX and  Get a $50 No Deposit Bonus Link:  $50 Forex No Deposit Special Bonus Link:  $50 Free No Deposit Bitcoin Bonus Link:  100% Real Money CashBack Promo Link:  $5000 BitCoin Rewards Bonus Promo Available to:

Forex Special Promo FREE Forex Trading Signals – CMSTrader

Forex Special Promo FREE Forex Trading Signals – CMSTrader(0)

Forex Special Promotion for our new clients. Open account and get our FREE Forex Trading Signals with high success claim them Now 91% Success! Link:  Top Social Copy Trading Platforms Link:  FREE trading signals Special Promotion Ending Date:  31 December 2018 Available to:   New Clients only Bonus Offer: Get FREE forex trading signals Special promotion

read more

Forex Featured Broker

Contacts and information

ForexDepositNews.com Forex Deposit Bonus, Forex No Deposit Bonus, Forex Live Contest, Forex Demo Contest, Free Forex Bonus Forex Brokers Review and Other All Forex promotions.

ForexDepositNews.com

Social networks

Most popular categories