Investors Assess the Results of the Fed Meeting

The US currency strengthened against the basket of major currencies after the Fed meeting. As it became known, the regulator increased the range of the key interest rate by 25 basis points to 2.00%2.25%, as investors expected. Yesterday, the US dollar index (#DX) closed in the positive zone (+0.06%) and continues to rise. The Central Bank published an optimistic forecast of the country’s economic growth for 20182019. The Fed Chairman, Jerome Powell, also said that the rejection of identifying the monetary policy as “stimulating” in the communique is not a signal of a change in the Fed’s current policy rate.

Today, during the Asian trading session, the Reserve Bank of New Zealand has also announced a decision on the interest rate. The indicator remained unchanged at 1.75%, as investors expected. The regulator plans to adhere to the current rate of monetary policy. Today, we recommend paying attention to the US news feed.

The “black gold” prices are rising. At the moment, futures for the WTI crude oil are testing a mark of $72.45 per barrel.

Market Indicators

Yesterday, there was a variety of trends in the US stock market: #SPY (0.30%), #DIA (0.36%), #QQQ (+0.07%).

At the moment, the 10year US government bonds yield is at the level of 3.043.05%.

Core durable goods orders at 15:30 (GMT+3:00);GDP data at 15:30 (GMT+3:00);Pending home sales index at 17:00 (GMT+3:00).

We also recommend paying attention to the speeches by the heads of the ECB, the Bank of England and the Fed.

by JustMarkets, 2018.09.27