Today a two-day Federal Reserve meeting begins, during which we expect a tightening of monetary policy.
This is all happening against the backdrop of good expectations. The Dow Jones index and the S&P 500 traded at the highs, which also contributed to the increase of the yield of US government bonds. Now the Dow Jones trade around 22.331,35 and the S&P 500 2.501,50 respectively.
Furthermore, along the US East coast in the Atlantic Ocean there is news about a new hurricane, Jose, which will likely occur in the vicinity of the five largest oil refineries with a total capacity of 1.1mln barrels per day.
According to weather forecasts, the hurricane will pass by and does not pose a threat to the work of enterprises and consequently does not affect the reference quotes grades of oil.
Yesterday at a meeting of the United Nations Donald Trump spoke for the first time and urged the public altogether to contain the aggression of North Korea.
On the other hand, from Donald Trump we can expect a renewal of sanctions and pressure on Iran associated with its nuclear program. This kind of pressure has been partially removed by previous head of the White House of Barack Obama.
In the eurozone at 12.00 (GMT +3) there will be an index of the economic sentiment in Germany, which can support a single currency.
At the moment gold continues to fall in price and is now trading near 1305.00.
