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

Gold is up after the Fed’s meeting

28.07.2022

Market Review

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 company news:

Thank you for subscribing to our analytics

Review topic

All Market Review
Log in Registration

Don't have your language?