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17 Sep 2013
Markets extend the advance ahead of FOMC
FXstreet.com (Edinburgh) -Shares in the US markets are extending its weekly gains on Tuesday amidst the 2-day FOMC meeting kicking in today. Market consensus expects the Fed to start scaling back its monthly purchases of assets by $5-$10 billion and Bernanke’s tone to be on the dovish side. The greenback, in terms of the US Dollar index, is prolonging its bearishness around 81.10/15. At the moment DowJones is up 0.29% followed by the S&P500, 0.40% and the Nasdaq,, 0.65%.
The FOMC meeting weighed on sentiment across the pond as well, pushing the indices lower from recent multi-year peaks. The FTSE100 was the worst performer, losing 0.80% and followed by the DAX, 0.16% and the CAC40, 0.16%. The shared currency keeps the positive tone although locked within a narrow range around the mid 1.33s despite the upbeat results from the ZEW Survey.
In the commodities’ space, the barrel of WTI is retreating 1.38% at $105.12 and the ounce troy of gold is following the same path, down 0.63% at $1,309.
The FOMC meeting weighed on sentiment across the pond as well, pushing the indices lower from recent multi-year peaks. The FTSE100 was the worst performer, losing 0.80% and followed by the DAX, 0.16% and the CAC40, 0.16%. The shared currency keeps the positive tone although locked within a narrow range around the mid 1.33s despite the upbeat results from the ZEW Survey.
In the commodities’ space, the barrel of WTI is retreating 1.38% at $105.12 and the ounce troy of gold is following the same path, down 0.63% at $1,309.