The Markets in Europe will open slightly lower

The futures of the European markets indicate for lower open today, after the Asian markets closed slightly higher due to the rise of the Oil price with about 1% during the Asian hours. The indices in Europe closed down yesterday and most likely this sentiment to stay with the markets today as well. After the rate decision from FED to keep rates unchanged the indices did not move very much and it underlines the weakness in equities and continued move lower.

The GOLD price halted its rise for now after reaching horizontal resistance and it is possible that will start to reverse, and with lower prices of the indices, we might see higher USD again.

UKX will open lower around 6,838, DAX will open lower around 10,367,  CAC will open lower around 4,412.

 Varchev Traders

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