Markets stabilized from the post FOMC volatility and engaged in range today so far. European indices opened mildly lower, but loss is very limited. Dollar is a touch higher against European majors, but there isn't any follow through buying for a noticeable recovery. Against commodity currencies, dollar recovered overnight but is kept well below near term resistance and thus, outlook stays bearish. Yen remains soft in general but it's waiting for renewed selling to March lower. In the commodity markets, gold pared back some of this week's sharp gain and is back below 1,360 level at the time of writing. Crude oil is much weaker and is back below 106.50 after failing to take out 109.00 level.
ECB governing council member, Liikanen, reiterated today that interest rates will remain, "at present or lower levels for an extended period of time". And he emphasized, "that is not a message for some weeks, but for longer term". In response to a question about Fed's refrain from tapering, he noted that central banks work for their respective economies and the ECB will, "assess its own situation according to the latest information".
BoJ governor, Kuroda, said that overseas economies will, "gradually pick up as the US and European economies improve". And he expects that to support exports and outputs, as well as a pickup in capital expenditure in Japan.
On the data front, UK public sector net borrowing is expected to rise to GBP 11.9 billion in August. Canada will release inflation data and CPI is expected to slow to 1.1% yoy in August. Core CPI is also expected to slow to 1.2% yoy. Eurozone will also release consumer confidence data in September.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Markets Stabilized From FOMC Volatility
Published 09/20/2013, 05:15 AM
Updated 03/09/2019, 08:30 AM
Markets Stabilized From FOMC Volatility
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.