by Chris Becker
A central bank finally moved markets up by admitting the fight against deflation – the one thing markets hate – is far from won! The Fed held off on an interest rate rise and halved their rate rise expectations for the year, sending the USD in a tailspin as Euro, gold, commodities and of course Aussie launched higher. After their bear market “pause”, stocks are now back on track albeit with subdued momentum.
Recapping Asia’s session, the Shanghai Composite remains stuck in its sideways funk putting on another scratch session yesterday, up 0.2% to 2870 points. Resistance remains strong overhead at 3000 points, as this coil tightens each day:
