CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Daily summary: Fed projects interest-rate hike next year

20:13 22 September 2021
  • European indices extended yesterday gains
  • Fed officials believe tapering "may soon be warranted"
  • US crude oil inventories  fall for 7th week

European indices finished today’s session higher, extending yesterday gains as Evergrande concerns eased after the company Hengda which one of the subsidiaries said it would make a coupon payment on Evergrande domestic bonds tomorrow. Also, preliminary data showed consumer sentiment in the Euro Area jumped to a 2-month high in September. 

US indexes rose sharply after the Federal Reserve left interest rates near zero as expected and bond-buying at the current $120 billion monthly pace during the September 2021 meeting. Central bank said that if economic recovery progress continues as expected, a taper may soon be warranted. The Fed also signaled interest rates may need to rise faster than initially expected, with 9 of 18 policymakers projecting borrowing costs to rise in 2022.

On the commodities markets, WTI crude rose more than 2.40% and is trading above $72.20 a barrel, while Brent is trading nearly 2.50% higher above $74.20 a barrel. EIA data showed crude oil inventory stocks fell almost by 3.5 million barrels in the week ending September 17th, more than market expectations of a 2.4 million draw. Earlier API figures showed US oil inventories fell by 6.108 million barrels last week, the biggest draw since the week ended on July 2nd, 2021, and marking the eighth straight fall. Elsewhere gold rose 0.10% to $ 1,775.00 / oz, while silver is trading 1.6 % higher, above $ 22.80 / oz amid a weaker dollar. Cryptocurrencies moved higher following the FED decision. Bitcoin trades below $43,500 while Ethereum trades above $3,000 mark.

US30 bounced off the lower limit of the 1:1 structure and rose sharply following the FED decision. If current sentiment prevails, then upward move may accelerate towards resistance at 3500 pts. Source: xStation5

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back