Percentage symbol and arrow going up amid Expectations for a Decrease in Inflation Rates Today
European stock indices rose at the end of yesterday’s session, Monday, June 12, amid anticipation of central bank meetings in the United States, Europe, and Asia this week. At the end of the session, the STOXX600 index rose by about 0.16% to 460 points.
The German DAX rose by 0.9%, reaching 16,097 points, while the French CAC ended the session up by about 0.52% at 7,250 points. The UK’s FTSE also increased by 0.1% to 7,570 points.
Investor and billionaire Ray Dalio believes that US Treasury bonds have become risky as the country with the largest economy in the world falls deeper into a debt crisis.
The US dollar traded largely flat on Monday, near multi-week lows as traders seemed reluctant to take positions at the start of the week which includes a policy-setting meeting by the Federal Reserve.
| Resistance level | Support level |
| 103.80 | 103.30 |
| 104.00 | 102.95 |
| 104.30 | 102.75 |
Gold prices declined during Monday’s session on June 12, after recording gains last week, amid anticipation of the Federal Reserve meeting. Markets expect a 79% chance that the Fed will keep interest rates unchanged and a 68% chance of a rate hike in July.
At the close, gold futures dropped by approximately $7.5 or 0.4% to $1,969.7 per ounce.
| Resistance level | Support level |
| 1966 | 1948 |
| 1975 | 1940 |
| 1984 | 1931 |
US indices closed higher collectively in Monday’s session, supported by the recovery of major stocks amid optimism about a slowdown in inflation rates and the decision to keep interest rates unchanged this week.
The Dow Jones Industrial Average rose by approximately 0.6%, or around 190 points, on Monday, closing above the 34,000 level for the first time since early May.
| Resistance level | Support level |
| 34150 | 33945 |
| 34225 | 33810 |
| 34360 | 33735 |
This material provides real-time market analysis from contributing analysts. Please note that any views expressed in this material do not constitute operational advice. It is important to assess your risk tolerance and make independent trading decisions. STARTRADER holds no responsibility for any trading consequences that may arise from relying on the views expressed in this material.
“At or better” is another kind of order. It gives instructions to the broker to…
A financial entity that has received authorization from a relevant regulatory body to act as…
https://www.youtube.com/watch?v=OpCJS7fTpT8 Markets are buzzing with opportunities! Let’s have a look at the pulse! • Metals:…
A buy or sell order that must be executed at the best price currently available…
This website uses cookies.