-
European stock market indices finished today's trading higher. Among outperformers one could find Dutch AEX (+1%) or Italian FTSE MIB (+1.5%). Polish WIG20 was one of top laggards with a 0.2% daily drop
-
US indices followed into footsteps of their European peers and traded higher. Gains accelerated during Powell's presser with S&P 500 (US500) jumping above 4,000 pts. Nasdaq trades over 3% higher at press time
-
FOMC announced a 75 basis point rate hike, in-line with market expectations. US central bank said that the decision was unanimous, unlike last time
-
FOMC noted that spending and production has softened by jobs gains remain robust
-
Gazprom said that it still experiences issues with gas turbines and warned that supply to Europe may drop further
-
US pending home sales dropped 8.6% MoM in June (exp. -1.0% MoM)
-
US durable goods order jumped 1.9% MoM in June (exp. -0.4% MoM) while measure excluding transport was 0.3% MoM higher (exp. 0.3% MoM)
-
DOE report confirmed a large draw in oil stockpiles signaled by API report yesterday. According to DOE, US oil stockpiles dropped by 4.52 million barrels
-
Cryptocurrencies gain with Uniswap rallying over 20%. Bitcoin gains 8% while Ethereum trades almost 15% higher
-
Precious metals jumped in the aftermath of Fed's decision and Powell's presser as the US dollar lost ground. Gold gains 1% while silver trades over 2% higher
-
Oil is trading higher - Brent made its way back above $100 per barrel mark while WTI trades close to $98 per barrel
-
GBP, EUR and AUD are the best performing major currencies while USD and JPY are top laggards
Gold caught a bid following Fed decision. Weakening US dollar provided fuel for the move and allowed gold price to jump 1%. Precious metal is currently testing a mid-term resistance zone ranging around $1,740 per ounce. Source: xStation5
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
