Forex Today: US Stocks Gyrate Again Ahead of FOMC

a few days ago. Bitcoin has recovered to trade above its key resistance level at $36,656 which is a bullish sign. However, Ethereum, the second largest cryptocurrency, remains stuck below its key resistance level at $2,544.Get in now!

In today’s US FOMC policy release, it is expected that the Fed will communicate it intends to hike rates in March. If it does not, we will likely see US stocks rise and the US dollar weaken.monthly policy release and rate decision from the Bank of CanadaNew Zealand CPI dataDaily new coronavirus cases soared to a new global record at the end of last week, with more than 3.7 million new cases recorded for the first time.

It is estimated that 60.6% of the world’s population has received at least one dose of a coronavirus vaccination.

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Stocks Are Facing Both Earnings Headwinds and a Compression in the P/E RatioTwo factors that determine the direction of stock prices.
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Stocks Rocket Back to Finish Higher After Deep SlumpIn an extraordinary late afternoon rebound, the Dow gained about 100 points Monday after being down more than 1,000. The index has never before closed positive after being down at least 1,000 points.
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Stocks climb back after steep slide on Fed, Ukraine jittersStocks finished a volatile day slightly higher on Monday after reversing a steep slide caused by uncertainty over inflation-fighting measures from the Federal Reserve and the possibility of conflict between Russia and Ukraine. A late-day buying spree pushed the benchmark S&P 500 index to a 0.3% gain after pulling it out of so-called correction territory — a drop of 10% or more from its recent high. “We’re in this wait-and-see mode, which is almost the most uncomfortable place to be, so I think the market is really grappling with that,” said Lindsey Bell, chief markets and money strategist at Ally Invest. The stock market is not the economy.
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House lawmakers demand Pelosi, McCarthy 'swiftly' hold vote on bills to ban Congress from trading stocksA group of more than two dozen lawmakers are urging House Speaker Nancy Pelosi and House GOP Leader Kevin McCarthy to “swiftly” hold a vote on legislation that would ban members of Congress from owning or trading stocks, Fox News has learned. This should be interesting, I'm sure Pelosi will stall, as she has made millions at insider trading, and doesn't want to shut off her money faucet? Why don’t you put the ticker on your screen for NASDAQ like you do the Dow?
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Stocks recover as investors jump in after big sell-offStocks recovered from big early losses Monday as investors jumped in before the closing bell So, at the end of the day you were shittalking Biden this morning for something that corrected it self literally at the end of the day? Got it. Trump 2024!
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