US Share markets indexes move lower after the US Fed raised interest rates by 0.25% as expected. There are a number of concerns that the market sees and is reacting to as risk assets take a hit. The US Fed showed concern for the banking crisis and expect credit conditions to tighten which does not bode well for growth in an interest rate raising environment. I expect that we will see more risk off trading in the coming days and will see Europe play catchup with a move lower on open in the coming session. UK CPI showed inflation is moving up which I expect will cap any rally into the FTSE100 (UK100 Index).
Asian markets will open weaker to follow on from the US session.
A review of the price action from the European session and the US session where I look at some key levels to watch and the price action setups I expect to see play out on the major markets below.
Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper