Yesterday, the FOMC Meeting Minutes were released following the Feds two day meeting. Following the release US stocks declined.
Asian markets were mixed. The Nikkei climbed 0.647% as the Dollar strengthened against the Yen after the FOMC statement.
European markets are lower today. The German Unemployment Change was released and was significantly better than expected. Investors instead, focused on the Fed statement and sentiment dropped.
Oil climbed after the EIA released inventory data. The data showed supplies to increase by a lower amount than expected.
Gold lost its appeal as a safe haven asset as the Fed showed confidence in the economy. Many are now speculating that the Fed could be inclined to raise rates sooner and this dampens the appeal further.
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