Asian stocks fell after the Fed's rate hike, and Yellen said there were no plans to guarantee bank deposits.
US index futures were slightly higher, with traders digesting the latest policy update from the Federal Reserve.
EURUSD
Euro rose to its highest level in 7 weeks after ECB Head Lagarde said that inflation was still too high.
Support : 1.0800
Resistance : 1.1000
GBPUSD
Sterling rose to its highest level in 7 weeks after a surprise inflation spike.
Trend ↑
Support 1.2200
Resistance 1.2350
AUDUSD
Aussie dollar rose on weakening US dollar after the Fed's Powell's dovish statement.
Trend ↓
Resistance : 0.6780
USDJPY
Yen rose on falling US bond yields after a more dovish Fed.
Trend ↓
Support 130.40
Resistance 132.50
XAUUSD
Gold prices rose after the Fed raised interest rates by 25 bps as expected and signaled it would halt future hikes.
Support : 1955.00
Resistance : 1985.00
Crude Oil (WTI)
Oil prices rose to a week high after the US Federal Reserve raised interest rates by 25bps in line with market expectations.
Support 65.00
Resistance 75.00
Disclaimer
Derivative investments involve significant risks and can result in the loss of your invested capital. You are advised to read and study carefully the legality of the company, products and trading rules before deciding to invest your money. Be responsible and accountable in your trading.
TRADING RISKS
Margin transactions use leverage mechanism, carry high risks and not suitable for all investors. THERE IS NO GUARANTEE OF PROFIT on your investment hence be wary any promise of guaranteed profit on trading. You are advised not to use your money if you are not prepared to suffer losses. Before deciding to trade, make sure you understand the risks involved and also consider your experience.