The Nasdaq 100 gives up gains and ends the day sharply lower as traders become increasingly concerned about the Fed policy outlook and its implications for valuations and the economy
Australian Dollar plummeted ~4% off the monthly highs with the FOMC sell-off now targeting a critical support zone. Levels that matter on the AUD/USD technical charts.
Fresh data prints coming out of the US economy may push USD/CAD towards the monthly high (1.2814) as inflation is expected to increase for the fourth consecutive month.
Bitcoin (BTC) prices have recovered slightly after failing to breach $32,000. With the Fed rate decision on the horizon, key technical levels remain intact.
Euro plunged more than 3% off the monthly high with the post-FOMC sell-off now targeting support at 18-month lows. Levels that matter on the EUR/USD technical charts.
Gold prices continued to breakdown through FOMC yesterday but a lifeline appears to have shown at the 1800 handle. Can bulls hold on - or is resistance going to play-in…