After the FED decisions announced yesterday, the Nasdaq, which was premium above 3%, and the S&P 500, which was traded with 2% premium, had erased all its gains towards the close.
While the US bond yields were trading at the highest levels of recent years, we observed that the dollar index rose above 97 points today.
Gold and Silver
US bond yields and the rise in DXY gold and silvery shot. The price of an ounce of gold, which went up to the level of $ 1850 until the FED decision, fell below $ 1800 again today.
Currently, gold is trading at $1800, down 1.6%, while silver is down over 4%.
US Stock Exchanges
US stock markets, which made a positive start to the new day after the FED decision, started the day with a premium of over 1% after yesterday’s losses.
For now, we observe that the removal of the FED’s pressure has increased the risk appetite.
At this point, it would be more useful to look at closings rather than openings. Because in the last days, we observe that we opened positive and closed negative in indices or opened negative and closed positive.
Bitcoin and Altcoins
Declining to $ 35500 in the morning hours bitcoin It is currently trading at $36900.
Although we managed to rise above $37,000 with the premium opening in the US stock markets, the slight decline in the indices caused us to withdraw to $36800 again.
As long as the correlation continues, it will be healthy for us to follow the US indices.
Looking at the altcoins side, we observe that there is a desire to make an upward move in altcoins that are in the oversold region.
Bitcoin’s sideways movements above $37,000 will allow us to see some relief in altcoins.
*Not Investment Advice.