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Today’s biggest event was the conclusion of the US Federal Reserve two-day meeting, which as expected decided to maintain interest rates near 0% and vowed to maintain the historically low rates until the economy recover from the impact of the COVID-19 crisis. Meanwhile, gold continues to make history with new record high levels, building on the USD decline and the increased demand for safe havens.
There is a look at today’s top stories:
Forex:
- USD Near Two-Year Low Ahead of Fed Statement
- FOMC: Economy Path Depends on COVID-19
- Federal Reserve Maintains Interest Rates
- US Treasury Yields Mixed Following Fed’s Statement
- AUD/USD Jumps to Test 15-Month Highs
- US Dollar Near 2020 Lows
Stocks:
- Wall Street Settles Higher Following Fed’s Decision
- European Stocks Mixed at Wednesday’s Close
- Asian Stocks Mixed
Commodities:
- Oil Settle Higher on Large US Inventories Draw
- Gold Prices Register New Record High
- Sharp Decline in US Oil Inventories
- US Refining to Post Worst Quarterly Results in 10 Years
- Oil Rises after Surprise Drop in US Inventories
Economic Data:
- US Wholesale Inventories Down 2%
- US Pending Home Sales Up 16.6%
- Trade Deficit Narrows to $70.6B in US
- Japan GDP to Shrink This Year
Remarks:
