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16Mar2016 Market Update: Fed's Rate Decision To Hold Rates And Sees Only Two Hikes This Year, US Dollar Falls, Gold Rises Sharply And Investors Are Still Concerned On Market Direction

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Written by Gary

This report is late posting because of the Fed’s monetary rate decision report at 2 pm.

Briefly, the US market (SP500) shot up and beyond R2 (2023) from S1 (2009) after the minutes were published. $VIX fell to 15, WTI crude remained steady at $38, the US dollar fell sharply to the low 96′s and gold rose from 1229 to 1246. As usual the markets after a brief exaggerated run-up are sliding back down to where they were BEFORE the report.

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Source: http://econintersect.com/pages/market/market.php?post=201603161317


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