Home About the company Daily reviews Gold is up after the Fed’s meeting

Gold is up after the Fed’s meeting

Commodities market

Oil prices rose more than $1 today, buoyed by improved risk appetite. Brent crude futures rose 1.1%, and WTI crude futures rose 1.3%.

Key tickers:

Brent: 103.19 — strong buy.

WTI: 98.81 — strong buy.

NG: 8.559 — strong sell.

Foreign exchange market

The U.S. dollar dropped to a three-week low against the yen today after the Fed’s rate hike. The USD slid as low as 135.105 yen, its weakest since July 6. The DXY index edged 0.05% lower to 106.31.

Key tickers:

EUR/ZAR: 17.0743 — neutral.

EUR/USD: 1.0191 — strong buy.

USD/JPY: 135.72 — strong sell.

USD/CAD: 1.2816 — strong sell.

GBP/USD: 1.2166 — strong buy.

Metals

Gold was up today as comments from the Fed’s chairman Jerome Powell sounded less hawkish than expected. Gold futures edged up 0.93%, and the dollar moved down.

Key tickers:

XAU/USD: 1741.26 — strong buy.

XAG/USD: 19.331 — strong buy.

XPT/USD: 897.28 — strong buy.

XPD/USD: 2083.55 — strong buy.

Crypto market

Bitcoin price firmed above $22,500 with a strong support at the $21,000 level. Similarly, most major altcoins also rise. Ethereum is trading above the $1600 level.

Key tickers:

BTC: $22,918.5 — strong buy.

ETH: $1,628.51 — strong buy.

Neo: $10.6000 — strong buy.

Zcash: $60.90 — strong buy.

Stock market

European stock futures were up today as investors digest the outcome of the recent Fed’s monetary policy decisions. The DAX futures traded 0.5% higher, the CAC 40 futures climbed 0.1%, and the FTSE 100 futures fell 0.1%.

Key tickers:

  • indexes

S&P 500: 4,023.61 — strong buy.

Nasdaq 100 (NDX): 12,601.47 — strong buy.

Dow Jones Futures: 32,145.0 — strong buy.

DAX: 13,185.38 — strong buy.

  • Shares

Charles Schwab Corp. #SCHW: 62.51 — buy.

Apple #APPLE: 156.79 — strong buy.

Amazon #AMAZON: 120.97 — strong buy.

Tesla #TESLA: 824.46 — strong buy.

Meta Platforms Inc #FACEBOOK: 169.58 — strong buy.

Author: GC
Back to all reviews Back

Subscribe to market analysis

Thank you for subscribing to our analytics

Review topic

All Fundamental reviews Market news Premarkets Technical reviews
Log in Registration

Don't have your language?