Of course, the Federal Reserve will make a decision regarding monetary policy tomorrow, on Wednesday, amid expectations that it will increase interest rates by 75 basis points.
On the other hand, several notes were issued by the largest American banks indicating a slowdown in raising interest rates by the federal in the next stage, especially with the beginning of next year.
The Standard & Poor’s 500 index concluded with gains of 8%, the Nasdaq boat index reported increases of around 4%, and the Dow Jones Industrial Index saw gains of 14%, marking its greatest monthly closing since 1976.
Thus, as the shares of the sector’s heavyweights decreased, the three indicators significantly correlated with the results season of the firms in which the bigger losing technology sector was present. Nevertheless, the markets were able to overcome all of these obstacles and finish off these significant gains.
As for gold prices, they hit their lowest point in a week when they fell to 1633 dollars, and because the dollar is the primary factor influencing the movement of yellow metal prices, they are very volatile and influenced by interest rate decisions.
Fixed altitudes are still used to track oil prices, and for the first time since May, Brent crude and West Texas were able to post monthly advances in October.
Prices for West Texas crude and Brent crude differ by about $6.
The first factor influencing the US federal monetary policy decision tomorrow, aside from the dollar, is the return on US Treasury bonds for a period of 10 years, which declined below 4 percent levels.
In terms of currencies, despite today’s gains, the euro still hasn’t reached parity with the dollar. The British pound, meanwhile, has been stable up until this point following Rishi Sonak’s appointment as Britain’s Prime Minister.
After experiencing strong changes last month, the Japanese currency pair of the dollar and the yen still lacks levels 150.
Finally, despite the relative calm in the markets for encrypted currencies, the price of bitcoin has recently risen past $20,000, with transactions and movements that were tedious and uninteresting several months ago.
Particularly, it was Edou Jones’ greatest month since 1976.
About Author
