"The
simple message is the economy is doing well". And the widely expected rate
hike is now fact along with raised Fed’s target for short-term interest rates
to a range of 0.75% and 1.00%.
After the event the US
Dollar plummeted due to the aggressive profit - taking and then followed
elevation in the other major currencies. AUD/USD is up with 1.98%, EUR/USD
added 1.23% and GBP/USD moved higher with 1.14%.
Gold was also positively affected and was trading elevated. The precious metal
surged above the significant support level at $1200 and marked a 1-and-a-half
week high at $1228.76.
I do not trade news, but it was quite interesting to be only observer in a situation alarming for attention.
I do not trade news, but it was quite interesting to be only observer in a situation alarming for attention.
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