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17 Jun 2013
US markets rallying ahead of FOMC
FXstreet.com (Barcelona) - Equities in the US markets are posting strong gains on Monday, as market participants are shifting their focus on the 2-day FOMC meeting kicking in tomorrow. The greenback, in terms of the US Dollar index, has regained the 81.00 mark, recovering some ground after the recent pronounced pullback. DowJones is up 0.63% followed by the Nasdaq, 0.73% and the S&P500, 0.53%.
Bourses across the Atlantic closed in a ‘sea of green’, as traders continue to wait for the FOMC meeting. The CAC40 was the best performer, advancing 1.54%, seconded by the DAX, 1.08% and the IBEX35, 0.81%. The single currency is trading on the back foot around 1.3330, slowly entering into the ‘autopilot’ mode ahead of the Fed.
Commodities are losing ground, with the barrel of WTI down 0.03% at $97.82 and the ounce of gold following suit, falling 0.45% at $1,381.
Bourses across the Atlantic closed in a ‘sea of green’, as traders continue to wait for the FOMC meeting. The CAC40 was the best performer, advancing 1.54%, seconded by the DAX, 1.08% and the IBEX35, 0.81%. The single currency is trading on the back foot around 1.3330, slowly entering into the ‘autopilot’ mode ahead of the Fed.
Commodities are losing ground, with the barrel of WTI down 0.03% at $97.82 and the ounce of gold following suit, falling 0.45% at $1,381.