Bitcoin rallied just a bit during the trading session on Thursday, as we continue to see a bit of a “risk on” move, as the US dollar has gotten hammered after the dovish Federal Reserve.
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The S&P 500 rallied significantly during the trading session on Thursday as the markets continue to see bullish pressure due to the idea of a softening Federal Reserve.
The WTI Crude Oil market exploded to the upside, breaking above the vital $55 level that I had talked about yesterday.
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The US dollar has collapsed against the Japanese yen as the Federal Reserve looks very unlikely to take a hawkish stance anytime soon.
The Gold markets gapped higher at the open on Thursday, and then shot towards the $1400 level.
NZDUSD analysis: Firm bullish move within long-term range
AUDUSD analysis: Downtrend in doubt after strong bullish move
Bitcoin: Bullish consolidation above $8,893 still holding
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USDCAD: Bearish trend starting to really get going
USDCHF Analysis: Strong Franc but long-term choppy range
The Euro shot higher during the trading session on Wednesday as we finally got the Federal Reserve statement.
Looking at the Bitcoin chart, it’s easy to suggest that not much happened during the trading session on Wednesday.