The euro shot above the uptrend line during the trading session on Wednesday as we awaited the Federal Reserve FOMC statement and press conference.
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The crude oil markets rallied rather significantly during the trading session on Wednesday as we continue to look at recovery as driving demand much higher.
The NASDAQ 100 fell slightly during the trading session but then recovered as the Federal Reserve Open Market Committee came and went without much in the way of change.
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The S&P 500 fluctuated during the trading session on Wednesday as we are essentially sitting sideways and waiting for the next bit of momentum to enter the market.
The British pound initially pulled back a bit during the trading session on Wednesday, but then turned around as Jerome Powell suggested that the Federal Reserve is nowhere near trying to tighten monetary policy or even slow down bond purchases.
The EUR/USD is facing long-term resistance below 1.2200.
The FTSE 100 rallied a bit during the trading session on Wednesday but gave back the gains relatively early as it continues to be very choppy.
The DAX Index did very little during the trading session on Wednesday as we continue to hang around the 15,300 level.
Bitcoin markets went back and forth during the trading session on Wednesday as we saw plenty of volatility awaiting the Federal Reserve decision.
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Gold markets initially fell during the trading session on Wednesday to reach down towards the 50-day EMA.
The British pound initially tried to rally during the trading session on Thursday, but then pulled back a bit to form a shooting star.
The Australian dollar fell a bit during the trading session on Wednesday only to turn around and form a bit of a hammer.
The GBP/USD is up for the fifth consecutive day as the market digests the latest Federal Open Market Commission (FOMC) interest rate decision.
The BTC/USD price reacted mildly to the relatively dovish interest rate decision by the Federal Reserve.
The USD/JPY made bullish moves prior to the US Federal Reserve’s announcement of its monetary policy decisions and the growth rate of the US economy.