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.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
