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  • An overview of the changes that took place just before the rate decision until the end of the press conference

An overview of the changes that took place just before the rate decision until the end of the press conference

By on January 26, 2022 0

The market snapshot just before the Fed decision saw:

  • Spot gold is trading down $18.50 or -1% at $1,829.40
  • Spot Silver is trading down one cent or -0.06% at $23.77
  • WTI crude oil trades from $1.74 to $87.34
  • Bitcoin is trading at $38,096
  • The return over 2 years is 1.03%
  • The return over 5 years is 1.575%
  • The return over 10 years is 1.785%
  • The yield over 30 years is 2.124%

On the US stock market:

  • Dow Jones is up 304 points or 0.89% at 34,599
  • The S&P is up 68.48 points or 1.57% at 4424.84
  • The NASDAQ index is up 344 points or 2.54% at 13,883 points to zero
  • Russell 2000 is up 33 points or 1.65% at 2037.07

At the end of the presser, the numbers looked like this:

  • Spot Gold – $29.44 or -1.59% to $1,818.43
  • Cash -$0.28 or -1.18% to $23.52
  • WTI Crude Oil +$0.72 to $86.34
  • Bitcoin at $36,896
  • 2 years 1.125%
  • 5 years 1.657%
  • 10 years1.837%
  • 30 years 2.156%

In the US stock market, the levels at the end of the presser showed:

  • Dow -379 points or -1.11% to 33,918.21
  • S&P -43.53 points or -1.0% to 4312.93
  • Nasdaq -117.16 points against -0.87% at 13422.14
  • Russell 2000 -42.97 points i.e. -2.14% to 1961.05

In forex, from strongest to weakest before the decision, the CAD was the strongest and the JPY the weakest. The USD was mixed with a modest positive tilt.

Strongest to weakest before the FOMC decision

At the end of the press conference, the strongest to weakest shows that the USD has moved to the strongest of the major currencies while the CHF is now the weakest:

Forex

From strongest to weakest after the press conference.