Forex Today: Bulls are all over the place after the Fed’s decision – by ValBednarik EURUSD XAUUSD Fed Recession RiskAppetite
The American dollar plunged on Wednesday following the US Federal Reserve monetary policy decision.Financial markets reacted to chief Jerome Powell's words, as he shed quite some light on the future ofso there won't be any more forward guidance. Rates will be decided meeting by meeting.
Wall Street soared. The DJIA added 1.43%, while the S&P500 added 2.91%. The Nasdaq Composite was the best performer, soaring 4.12%.a bit, with the 10-year note now yielding 2.80% and the 2-year note 3%. A bit of progress there, reflecting temporarily easing recession concerns.which may soon make it back to the headlines. GBP/USD trades at 1.2160 at the end of the day, while commodity-linked currencies were the best performers. AUD/USD trades around the 0.
The US will release the preliminary estimate of its Q2 Gross Domestic Product on Thursday, another volatile event that would bring action to financial markets.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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