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The US Federal Reserve decision made the markets bounce - Wednesday Review, July 29

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
New highs and lows for currencies after the FED meeting

The US

The American benchmarks closed higher on Wednesday after the Federal Reserve announced that it would keep the interest rates as they are (in arrange between 0% - 0.25%). USA30 rose 0.61%, while USA500 added 1.25%. TECH100 gained 1.35%. 

Oil went up 0.6% at $41.27 per barrel. Brent increased by 1.2% to $43.41.

Gold settled up higher by 0.4% at $1,952.60 per ounce. 

The Dollar Index hit its lowest point since June 2018, settling at 93.17. 

Asia and Australia

The Asian markets were up in expectance of the US Federal Reserve’s decision. Japan225 was up 0.3%.

Australia200 climbed 0.7%. 

HongKong45 rose 0.2%.

USD/JPY reached its lowest level since March, trading at 104.81.

AUD/USD reached its highest level since April 2019 at 0.7194.


The European markets were mixed once again, as various banking institutions released their financial reports. Moreover, the markets were expecting the latest policy announcement from the American Federal Reserve. 

Germany30 traded 0.1% lower. France40 and UK100 gained 0.8%, and 0.2%, respectively. 

GBP/USD reached a four-month high, trading at $1.3013.

EUR/USD was up 0.4% at 1.1757. 

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The information presented herein is prepared by and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.                                                                                                                            Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience, or current financial situation.Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books. 

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