As expected FED hiked rates for the first time in 9 years. At the same time at press conference Janet Yellen was commending US economy and said that further hikes will depend on data. US economy is good, rates are still low, this caused gains on Wall Street.
As I wrote yesterday, DAX closed around zero: DAX +0.18%, TECDAX +0.19%, MDAX +0.88%, SDAX +1.29%. The biggest gains: RWE +3.42%, E.ON +1.38%, on the other side Infineon lost -3%.
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More interesting were futures, which was still quoted during FED conference. Despite EURUSD getting stronger DAX future gained. EURUSD eventually lost and ended day lower than the day before. Considering good markets reaction for the FED there is big chance that selling out will not happen before the end of the year. The closest resistances: 10,780, 10,880, 11,000, the closest supports: 10,560, 10,480.
