Fed kept interest rates unchanged in 5.25-5.50% range, as expected. Statement repeated that central bank needs to have greater confidence in inflation returning to target before cutting rates. New dot-plot showed just a single rate cut for this year, compared to three in March projections. However, split between FOMC members who saw 1 and 2 cuts was almost equal. Nevertheless, the announcement was fairly hawkish, and triggered a hawkish reaction in the markets - USD gained while gold and US indices moved lower. However, scale of the moves was rather moderate.
Markets now await post-meeting press conference of Fed Chair Powell, which is set to begin at 7:30 pm BST. Live coverage of the event will be available in News section at xStation.
EURUSD dropped and moved back below 200-hour moving average (purple line). However, the pair is still trading well above levels from before CPI release. Source: xStation5
GOLD also dropped below 200-hour moving average (purple line) and tested $2,325 per ounce support zone. However, bulls managed to defend the area and part of the drop has been recovered already. Source: xStation5
ثلاثة أسواق تستحق المتابعة الأسبوع المقبل: US100، الذهب، EURUSD
تراجع سعر الفضة بنسبة 7% 📉 المعادن الثمينة تحت ضغط البيع
تقرير الوظائف غير الزراعية: هل يمثل نقطة تحول للدولار وبداية تصحيح سوق الأسهم؟
انخفاض أسعار الذهب والبيتكوين وسط ارتفاع قيمة الدولار الأمريكي 📌
