This could be the FOMC Outcome

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GLOBAL STOCK INDICES

Today, it is the FOMC rate hike related event and so big moves shall be observed. You should be prepared for hyperactivity in the market.

After FOMC, a fall is indicated, which may continue till Monday.

I still think that by Friday, S&P500 can fall down to 1900.

Today, Sun is moving to Virgo at 12.30 HRS IST while Mercury is retrograding after 10 minutes of FOMC.

Whenever Mercury retrogrades, the trend of the market gets reversed.

PRECIOUS METALS

Bullion shall be positive till 21.00 HRS IST. 1135 shall be a major resistance for Gold. If it is crossed, it’ll jump with a much higher velocity. However, after FOMC, a fall is indicated in price of Gold and Silver.

Around 1130, you can short GOLD with stop loss of 1135 for target 1100.

Hold short position in Silver with stop loss 15.10. If 15.10 is breached, it’ll move up to 15.50-16.00.

CRUDE OIL

Maintain stop-loss of 48.10 with short position in crude oil. After FOMC, a sharp fall is due in Oil which may last till Monday.

 

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Mr. Rajeev prakash agarwal financial astrologer

Mr. Rajeev Prakash

Rajeev is a well-known astrologer based in central India who has a deep understanding of both personal and mundane astrology. His team has been closely monitoring the movements of various global financial markets, including equities, precious metals, currency pairs, yields, and treasury bonds.

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