US markets rallied in the last hour to move from negative to positive territory ahead of the FOMC statement on inflation and interest rates. Gold took a beating as Gold and inflation bulls shake their heads. The USD continued to hover around highs which I expect will be the same theme for the coming few sessions before the FOMC meeting. Traders remain mixed with regards to inflation so expecting to see more choppy intraday action.
Markets covered US - DOW, Nasdaq and SP500 Europe - DAX and FTSE100 Asia - Hang Seng, ASX and Nikkei FX - Dollar Index (USD), EURUSD, GBPUSD, AUDUSD and USDJPY Commodities - GOLD, Oil and Copper Crypto - Bitcoin and Ethereum