The Euro shot higher during the trading session on Thursday as we reacted to the Federal Reserve cutting its outlook for interest rate hikes.
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Bitcoin rallied just a bit during the trading session on Thursday, as we continue to see a bit of a “risk on” move, as the US dollar has gotten hammered after the dovish Federal Reserve.
The S&P 500 rallied significantly during the trading session on Thursday as the markets continue to see bullish pressure due to the idea of a softening Federal Reserve.
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The WTI Crude Oil market exploded to the upside, breaking above the vital $55 level that I had talked about yesterday.
The US dollar has collapsed against the Japanese yen as the Federal Reserve looks very unlikely to take a hawkish stance anytime soon.
The Gold markets gapped higher at the open on Thursday, and then shot towards the $1400 level.
NZDUSD analysis: Firm bullish move within long-term range
AUDUSD analysis: Downtrend in doubt after strong bullish move
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Bitcoin: Bullish consolidation above $8,893 still holding
USDCAD: Bearish trend starting to really get going
USDCHF Analysis: Strong Franc but long-term choppy range
The Euro shot higher during the trading session on Wednesday as we finally got the Federal Reserve statement.