International Financial Markets: 21 March 2018

On Tuesday, leading indices wiped out some of the losses accumulated on the first business day of the new week. Investors were positive in anticipation of the Fed meeting at 20:00 today, at which the interest rate is expected to rise to 1.75%. The blue chip index Dow Jones advanced nearly half a percentage point and closed at 24727 points. The broad S & P 500 remained almost unchanged, adding 4 points. Technological NASDAQ rose 0.27 percent to 7,364 points.

In Europe, the leading stock also ended the day on green territory. The German benchmark DAX added 0.74% to its value and ended the trading session at 12307 points. The French CAC and the British FTSE grew by 0.57% and 0.26% respectively to 5252 and 7061 points respectively. 

In the precious metals market, the US dollar was strengthened, and gold wiped out 0.44% of its value. Light crude oil rose 2.56% to over 63 dollars, hit a three-week peak and its competitor Brent variety - by 2.34% to 67.68 dollars per barrel. 

Basic interest rate - United States

At 21:00 hours, US interest rate data will be published, expecting it to be raised by the Federal Reserve by a quarter percentage of 1.50% to 1.75%. Market participants will monitor any indication of tightening monetary policy for the remainder of the year. The initial forecast was to raise the interest rate by three times in 2018, but after a favorable economic assessment at the end of last month, speculation emerged that this could happen four times.

Tool in Focus - Citrix Systems Inc.

The Florida-based technology company in the United States is part of the S & P 500's broader index. Its stock moves over 50-day average and is rising. The stock declined by about 10 dollars in February, but the price was gradually recovered. The slower average of the MACD indicator is trying to break the faster average, which can be considered as a bearish signal, and lowering the price would be appropriate for entering into a long position, but investors can wait for the price to test the 50-day average.

USD / CHF

The 8-hour chart of the EUR / CHF currency pair has seen an upward trend since February, with quotations moving close to the support line and above the 50-year average. The MACD initiator is in a positive zone and we think it would be a good purchase to reach levels of about 0.9650 - 0.9700.

XAG / USD

With the 6-hour silver chart against the US currency, we see a formed downward channel, with the price movement currently below the 50-year average. The MACD indicator is in a negative area and we think it is appropriate to enter a short position to reach a price of about and below $ 16 an ounce.

Dow Jones

The movement of the Dow Jones Blue Chip Index has formed a triangle formation and we expect the price to break the line of support or resistance soon. The intersection of the two averages of the Stoastic indicator suggests that it is possible to follow the appreciation and recovery of the upward movement, which was interrupted at the end of January and the index went up to the psychological limit of 26,000.