Slight price changes awaiting today's FOMC decision

Tonight our American time The Federal Open Market Committee will communicate its decision on interest rates (an increase of 0,25 percent is expected) and expectations regarding the path of interest rates in the future.

Yesterday, the main indices of the US stock market rose (S&P 500 +1,3 percent, DJIA 0,98 percent, Nasdaq Composite +1,58 percent). This morning, the price of futures on the S&P 500 slightly corrected Tuesday's increase (-0,24 percent around 9:45).

Increases in Asian and Oceanian stock exchanges

On Wednesday morning, the values ​​of all major indices of the stock markets in Asia and Oceania rose (the Japanese Nikkei 1,93 gained the strongest – by 225 per cent).

On the stock exchanges in Europe, slight declines predominated slightly (DAX -0,1 percent, CAC 40 -0,36 percent).

WIG-20, which on Monday fell to the lowest level since November last year, but later made up for these losses, today at approx. 9:50 fell by 0,51 percent. Among the components of sWIG 80, the share prices of Boryszew and the Ambra Group reached their new cyclical highs at the beginning of Wednesday's session.

After rising earlier in the week, the yield on 10-year US government bonds slightly corrected the gain this morning, falling below the level of 3,6 percent. Second day in a row the yield on 10-year Polish government bonds increased today in the morning going above 6 percent.

The exchange rate of the euro is also increasing

NYMEX (WTI) and ICE (Brent) oil futures prices hit their lowest levels since late 2021 in recent days, but tried to regain lost territory earlier this week, this morning decreased by about 0,5 percent. The price of natural gas contracts on NYMEX fell today at approx. 9:30 by 3,58 percent.

The USD/JPY exchange rate, which has been declining quite strongly since March 8, rose yesterday, and this morning it was around 9:20 percent. rose by 0,08 percent. EUR / USD exchange rate rose yesterday to a 5-week high, and this morning remained at yesterday's close.

The USD/PLN exchange rate fell yesterday to the lowest level in 1,5 months. Today in the morning – similarly to the EUR/PLN exchange rate – it recorded slight changes (USD/PLN +0,03%, EUR/PLN +0,06%) around 9:25 am.

Courses Bitcoin against the US dollar successfully broke on Friday the key resistance level set by the local peaks from August last year near the USD 25000 level. and February On Friday the exchange rate exceeded the level of USD 27000, and on Sunday the level of USD 28000, and on Wednesday morning it was still slightly above the highest level since June last year. level.

Source: Wojciech Białek, OANDA TMS Brokers