Fed Raised Interest Rate; Waiting For ECB Decision

The weakened against the basket of major currencies despite the . The (DX) closed the trading session with a slight decrease (-0.26%). As expected, the regulator raised the interest rate by 25 basis points to 1.75%-2.00%. In general, Fed officials note the strengthening of the labor market and the growth of economic activity in the US. The Central Bank representatives pointed at two rate increases by the end of 2018. However, the reaction of the dollar was rather low-key. Investors partially fixed the previously received profit. At the moment, financial market participants are waiting for the comments on monetary policy. Today we expect high trading activity and volatility.

Yesterday, important economic statistics from the UK and the US were also published. In May, the in the UK remained at the same level of 2.4% (year-on-year), as experts expected. The indicator retains the annual low. The in the US rose to 0.5% instead of the forecast value of 0.3% in May.

Today, during the Asian trading session, a report on the in Australia has been also published, according to which the number of employees in May slowed down to 12K, while experts expected the increase to 18.8K. The growth in China’s counted to 6.8%, which is below the market expectations of 6.9%.

The “black gold” prices are consolidating after the growth the day before. At the moment, futures for the are testing a mark of $66.60 per barrel.

Market Indicators

Yesterday, there was a variety of trends in the US stock market: SPDR (NYSE:) (+0.32%), SPDR (NYSE:) (-0.44%), PowerShares QQQ Trust Series 1 (NASDAQ:) (-0.01%).

At the moment, the US government bonds yield is at the level of 2.95-2.96%.

The news feed on 2018.06.14:

Report on in the UK at 11:30 (GMT+3:00); ECB interest rate decision at 14:45

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