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Daily Analysis: Cryptocurrencies Surge and Stocks Rise as Fed Leaves Rate Unchanged

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Daily Analysis: Cryptocurrencies Surge and Stocks Rise as Fed Leaves Rate Unchanged

Introduction

This article was posted on Thursday, 16:24, UTC.

Thursday Market Recap Asset Current Value Daily Change S&P 500 2385 0.14% DAX 12620 1.05% WTI Crude Oil 46.55 -2.38% GOLD 1229.00 -1.52% Bitcoin 1565 6.80% EUR/USD 1.0935 0.30% The Federal Reserve didn’t surprise the market yesterday evening, as it left its benchmark rate unchanged, although the central bank called the current weakness in economic numbers “transitory’ causing a brief rally in the Dollar and a dip in stocks. Rate hike odds for the next meeting are now above 90%, as Janet Yellen & Co. are expected to raise rates two more times this year. The major global indices are…

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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