The NASDAQ had a lot of volatility as did all U. S. indices on Wednesday, as the Federal Reserve released its interest-rate decision and more importantly,
The NASDAQ had a lot of volatility as did all U. S. indices on Wednesday, as the Federal Reserve released its interest-rate decision and more importantly, the statement. That being said, the statement was a bit more hawkish than anticipated, and as a result we had quite a bit of confusion at first, but ultimately it appears that the market is ready to go higher again. However, it is a bit parabolic at this point so a pullback would necessarily be a huge surprise. All things being equal though, we are only buying this market, not selling it.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
