The Fed is about to increase the interest rate

News of the day, Wednesday, June 15

Oil prices rose today after losses in this session amid concerns over fuel demand and an expected big rate hike by Fed. Brent crude futures were up 0.4%, and WTI crude rose 0.3%.

Euro rose after the announcement of the ECB’s governing council about an emergency meeting on Wednesday to discuss the recent sell-off in bond markets. The euro rose 0.55% against the dollar.

The S&P 500 closed lower yesterday as it didn’t manage to rebound from a sharp sell-off. The broadest American index lost 0.38%, Dow Jones Industrial Average fell 0.5%, and Nasdaq Composite was up 0.18.

Key quotes for today: 
Brent — $121.20 
WTI — $118.80 
GBP/USD — 1.2025 
EUR/USD — 1.0461 
XAU/USD — $1821.30