Fed Leaves Policy Unchanged; Sideways Market !

The Federal Reserve announced that it leaves the federal funds target range at 0.25 to 0.50% after the conclusion of the monetary policy meeting on Wednesday as expected…

The Federal Reserve confirmed that he is expected to justify the rate rise only gradually, stressing that the actual path of rates will remain based on the economy.

The Fed is “closely monitoring global economic and financial developments and is assessing their implications for the labor market and inflation, and for the balance of risks to the outlook,” its statement read.

Here’s the full statement >>

U.S. stock markets dropped after the announcement, but they remained in current range. Dow Jones Index fell to daily chart support 15870 and rebounded to close above this level. S&P 500 index fell to 1867 and closed higher. U.S dollar index remains in tight range. but in return; the Japanese stock Nikkei 225 spike above daily chart resistance  17255 and closed below this level…..

EURUSD: The Pair kept trading in the same range, jumped to 1.0915 levels, then declined above daily chart support 1.0850, note that according to the 4-hour timeframe, the pair is losing the upside momentum, but as long as trades above 1.0850 on a daily closing basis, further upside couldn’t be ruled out….

XAUUSD: The Gold jumped to 1128 levels, further upside remains likely as long as stability above the 1119 levels…

 

MARKET DATA

UPCOMING ECONOMIC EVENTS