The price of gold pulls back from a fresh weekly high ($1787) even as the Fed retains the current policy as the central bank lays out a tentative exit strategy.
The development of a double-top pattern and the prospect of tighter monetary policy in the United States are bearish signals for the ARKK ETF over the near-term.
The Dow Jones Industrial Average remained higher following the Federal Reserve’s September rate decision Wednesday. Rates remained unchanged, but Fed members shifted forward their rate projections.
AUD/USD attempt to halt a four day decline, but the Federal Reserve rate decision may keep the exchange rate under pressure if the central bank delivers an exit strategy.