Mar 20


  • BY:
  • March, 20th, 2014 9:29 +00:00

Good morning,

Yesterday US equities after traded for a good part on the session in a very narrow range started to fall  when Federal Reserve Chair Yellen said the interest rated might rise when the central bank ends bond purchases.  DJIA lost 114.02 points at 16,222.17 (-0.70%) and Nasdaq closed at 4,307.6 (-0.59%), down 25.71 points. S&P500 lost 11.48 points at 1,860.77 (-0.61%), down 11.48 points.

Yellen remarks had a negative weight on Asian markets and the Nikkei225 lost 14,225 (-1.65%), down 238 points. In Hong Kong the Hang Seng closed at 21,182.16 (-1.79%) with a loss of  386.53.  The Shanghai Composite lost 28.25 points at 1,993,48 (-1.40%).

In Europe this morning the Stoxx50 is losing 17.46 points at  3,058.9 (-0.57%) and the FTSE100 is at 6,522.4 (-0.77%), down 50.69 points.

In the currency market the EurUsd is struggling to mantain 1.38 area and now is trading at 1.3808 (-0.06%). UsdJpy is unchanged at 102.39 and GbpUsd is trading in a 30 pips range at 1.6549.  UsdChf is gaining 11 pips at 0.8834 (+0.14%).

Gold is unchanged at 1,330 $/ounce and Silver continues to fall today as well at 20.36 $/ounce (-1.32%).  Crude Oil is down 22 cents at 100.15 $/barrel and Natural Gas is at 4.42 $/BTU (-1.56%).  Federal Reserve attention on inflation had a negative impact on precious metal that were already on profit taking environment after recent rally.