The NASDAQ 100 has initially tried to rally during the day on Thursday to continue the recovery that kicked off on Wednesday after the FOMC meeting.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
Most Recent
Gold markets have rallied significantly during the trading session on Thursday to reach towards the 200 day EMA.
Silver markets have had a big day on Thursday to reach towards the $22.50 level.
Top Regulated Brokers
The Bitcoin market has fallen just a bit during the trading session on Thursday as we continue to trade back and forth overall.
The WTI Crude Oil market rallied a bit on Thursday, initially gapping higher and then shooting straight towards the $72.60 level.
The US dollar has fallen again during the trading session on Thursday as the Canadian dollar continues to get a bit of a boost.
The S&P 500 produced significant gains yesterday in the aftermath of the Federal Reserve's monetary policy pronouncements.
As expected volatility was a dominant feature of the NZD/USD as the U.S. Federal Reserve policy was anticipated and acted upon yesterday.
The price of gold fell strongly after the US Federal Reserve announced plan to end asset purchases and start with three interest rate increases in 2022.
Bonuses & Promotions
Despite the high inflation figures in Britain, the GBP/USD currency pair fell to the 1.3171 support level.
The Federal Reserve's decision to end its purchase program and raise US interest rates next year was priced in by the markets, which prompted the EUR/USD to increase its losses to the 1.2221 support level before rebounding and settling around the 1.2290 level as of this writing.
The US dollar crosses got more bullish momentum after the Federal Reserve announced that it would end its asset buying campaign in March and then start raising interest rates soon after.
All commodity currencies are rising strongly.
The Parisian CAC 40 Index initially shot above the €7000 level on Wednesday but then gave back the gains late in the day as we plunged towards the €6900 level.
Now that the Wednesday FOMC meeting has come and gone, it appears that the gold markets have found Powell's statement and FOMC decision to be reasonably bullish.