VET/USD (BITFINEX) Exchange rate

AUD/USD holds lower ground, keeping post-Fed losses close to 0.7240 amid Thursday’s Asian session. In doing so, the Aussie pair ignores firmer preliminary readings of September PMIs from the Commonwealth Bank of Australia.

Gold remains on the back foot for the second consecutive day, down 0.28% intraday around $1,763 during early Thursday. The yellow metal keeps the Fed-led losses while headlines from China add strength to the US dollar strength.

EUR/USD bears take a breather around fresh monthly low. Euro seesaws around the monthly low near 1.1690 amid a sluggish start to Thursday’s Asian session. The currency major pair struggles to extend the Fed-led fall as RSI conditions turn oversold. 

Ripple price came down 20% since the beginning of this week. With some upside today, bulls stand to face a bull trap that could get quite painful. A better entry point at $0.78 looks to be more promising for bulls.

Fed leaves fed funds rate, bond program unchanged as widely expected. The Fed held the base rate near zero, lowered its growth estimates and predicted higher inflation, but it was Powell’s insistence that a taper is coming that garnered the market attention.