Subscribe to RSS

Market Overview:  Markets anticipate US interest rate hike

US stocks ended slightly lower on Thursday with the major US indexes little changed. The trading volume on US exchanges was 6.5bn which is below the 20 trading days average of 7.3bn. The US dollar weakened after a four-day winning streak with the US dollar index, a measure of the greenback’s value against the basket of six currencies, closing 0.7% lower having hit a 7-month axis a day before. Dow Jones industrial average was flat losing 0.01%. Nasdaq Composite edged 0.16% up. S&P 500 live data show the index closed 0.06% lower with 6 out of 10 its sectors being in the black and utilities leading the growth (+0.97%) while healthcare and energy sectors losing more than 1%. The insurer UnitedHealthGroup revised down its profit forecast which pushed its stocks 5.65% lower while the Tenet Healthcare stocks slumped 8%. Drugmaker Phizer lost 3.06%. Chesapeake Energy Corp stocks plunged 10%, Southwestern Energy Co was 7.2% down. On the other hand, Intel Corp shares added 3.44% due to the increased annual dividend. Economic data showed yesterday the number of the unemployment applications contracted last week which supports the case for the upcoming interest rate hike. On Thursday futures traders estimated the chances of the December hike in 72%, up from 68% before the release of the Fed October meeting minutes. Today at 19:00 CET the November rig count from Baker Hugs will be released in the US. No other important economic news are expected today from the U.S.

European markets sky-rocketed on Thursday touching 3-month highs in anticipation of the US interest rate hike. The EUR/USD pair climbed 0.7%. FTSEurofirst 300 index rose 0.4% as food and facilities group Sodexo announced it was going to cut its costs to cope with volatility in the global markets and revised up its earnings outlook which pushed its shares up by 9.9%. The UK’s FTSE index climbed 0.8%, Germany’s Dax 30 index added 1.1%. The mining sector was on the rise as weaker dollar made dollar-denominated metals cheaper for investors outside the US. The travel and leisure sector seems to have already played off the Paris terrorist attacks adding 1.4% yesterday. Today at 11:00 Peter Praet, the chief economist at ECB, will speak in Frankfurt. Today at 16:00 CET the consumer confidence will be released in Eurozone, the outlook is positive.

Nikkei index climbed 0.1% to 19,880 yesterday, 1.4% up this week. The JPY/USD currency pair slid to 122.82 on Thursday having hit a 3-month high of Wednesday at 123.77. On Monday the Japanese markets will be closed for a national holiday – Labour and Thanksgiving day.

Brent is rising today while WTI is hovering near its 3-month lows having lost already 13% in November and around 60% since mid-2014. Brent futures for January are traded at $44.30, WTI futures are traded at $40.54. According to commodities analysts, stronger US dollar in view of the oncoming interest rate hike will make the dollar-denominated oil contracts more expensive which may lead to the contracted demand for oil and thus to the worsening of the global supply glut.

Gold live chart indicates the metal is firming today still being close to its 5-year low hit on Wednesday amid the strengthening U.S. dollar and the looming interest rate hike. Higher interest rates increase the opportunity costs of holding physical gold. Spot gold increased 0.4% to $1,086 an ounce. Other precious metals – silver, platinum and palladium, added from 0.4 to 0.8% an ounce.

Nickel prices hit the 12-year lows on the LME (London) falling 1.7% to $8,800 on China’s slowing growth and metal’s global supply glut.

Wheat, corn and soybeans edged higher on Thursday on export sales reports surpassing the market expectations. The crops also benefit from the wet weather in South America, rising supply prospects.

More Details

1 commentback to post

#1drones parrotNovember 24, 2015, 8:34 pm

Hello, I read your blog named “Market Overview:  Markets anticipate US interest rate hike | Forex No Deposit Bonus” regularly.

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

$50 Free No Deposit Required Bonus Promotion – UFX

$50 Free No Deposit Required Bonus Promotion – UFX(0)

Get $50 Free No Deposit Required Bonus Explore all the mysteries of Forex Trading with free $50. Get your FREE $50 and start trading Special Bonus Promotion Trading is simple and it’s on us. Link:  100% Real Money CashBack Promotion Link:  $50 Forex No Deposit Bonus Promotion Link:  $50 Free No Deposit Bitcoin Bonus Link: 

Up to $1000 Bonus on all Deposits – Fort Financial Services

Up to $1000 Bonus on all Deposits – Fort Financial Services(0)

Up to 50% 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: Up to 50% Bonus of Every Deposit Link: $5 Forex No Deposit Welcome Bonus Link: 15% Support Margin Bonus Link:  Profit

Free $30 Earn Trade-able Trading Credit Bonus – Forex Time

Free $30 Earn Trade-able Trading Credit Bonus – Forex Time(0)

Switch to ForexTime and Free $30 Earn Trade-able Trading Credit Bonus. Join the hundreds of thousands of traders around the world who have already chosen ForexTime as a broker and Free Earn $30 Trade-able Trading Credit Bonus as a thank you for switching. Link:  Receive $30 Tradeable Credit Bonus Link:  Loyalty Cashback Promotions Link:  FX

$100 Risk Free Money on your Live Account – FidelisCM

$100 Risk Free Money on your Live Account – FidelisCM(0)

Get $100 Free Risk Forex Money on your Live Account There is no better way to trust more. Sign up for $100  No Deposit Bonus from FidelisCM Live Account and start forex trading now. Link: $100 Free No Deposit Forex Bonus Link: 200% Margin Bonus on all Deposit Available to: New and Existing clients Ending

$14000 New Accounts Bonus on Initial Deposits – AvaTrade

$14000 New Accounts Bonus on Initial Deposits – AvaTrade(0)

Up to $14000 New Accounts Bonus on your Initial Deposits to all new trading account. Open a new live trading account and verify it Make a deposit of no less than $100 and request the New Accounts Bonus. Link:  100% Bonus to Your First Deposit Link:  30% Sign-up Bonus on your Deposit Link:  Up to

Up to 200% Withdrawable Cashback Bonus – Forex Time

Up to 200% Withdrawable Cashback Bonus – Forex Time(0)

Always aims for profitable promotions for FXTM Customer, this time they have come up with a 200% Cashback Rebate Bonus promo which enables traders to earn up to 10,000 USD withdraw able Cashback bonus. Link:  Receive $30 Tradeable Credit Bonus Link:  FX Circuits Live Trading Contest Link:  Demo Forex Trading Contest Link:  Loyalty Cashback Promotions

$2500 Forex No Deposit Free Startup Bonus – InstaForex

$2500 Forex No Deposit Free Startup Bonus – InstaForex(0)

$2500 Free No Deposit Forex Bonus to Start Risk Forex Trading on InstaForex.com‎. With $2500 Free Forex Bonus you will be able to estimate our unsurpassed quality of order execution in live trading conditions with no risk and personal investments. Link:  Up to $5000 No Deposit Free Bonus Link:  $500 Forex No Deposit Free Bonus

100% Special Bonus Offer on a Deposit – World Forex

100% Special Bonus Offer on a Deposit – World Forex(0)

Get a 100% Special Bonus Offer on a Deposit plus for replenishment account And a free VPS server for every account replenishment in the amount of 100 USD. Link:  $10 No Deposit Forex Special Bonus Link:  Deposit $5 Receive $20 Special Bonus Link:  100% Forex Special Deposit Bonus Available to: All new trading account Ending

50 USD Forex No Deposit Bitcoin Bonus offer – UFX

50 USD Forex No Deposit Bitcoin Bonus offer – UFX(0)

$50 Forex No Deposit Bonus on their real account. This initial $50 Forex No Deposit Bonus offer is intended to allow new users of the platform the opportunity to test the real trading account. Link:  $50 No Deposit Bonus Promotion Link:  $50 Free No Deposit Bitcoin Bonus Link:  100% Real Money CashBack Promotion Available to:

Deposit $5 Receive $20 Forex Special Bonus – WForex

Deposit $5 Receive $20 Forex Special Bonus – WForex(0)

$10 Forex No Deposit Free Bonus or Deposit $5 Receive $20 Special Bonus Forex to all World Forex New Clients only. Trade with World Forex Broker Get 20$ or 10$ on your choice Link:  $10 Forex No Deposit Free Bonus Link:  Deposit $5 Receive $20 Special Bonus Available to: All new trading account Ending Date:

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