WikiFX report: Oil, gold cheers cautious optimism but cryptos ease as USD licks Fed-led wounds

As you observed a heavy selling pressure the previous day, mainly led by Fed Chair Powells comments, the US dollar stabilizes amid mixed concerns and anxiety ahead of BOE.

Although, the commodities and Antipodeans keep post-Fed gains as headlines concerning Russia and China, coupled with Aussie data, favored markets ahead of another raft of key data/events.

How ever, Cryptocurrencies, trim the biggest daily gains since March while equities print mild gains tracking the rally of Wall Street.

Below are the list of major assets latest performances:

• Brent oil extends the previous days gains to refresh a fortnight high around $110.00.

• Gold rises for the third consecutive day as buyers attack $1,900.

• USD Index pares the biggest daily fall in two months near 102.90.

• FTSE 100 print mild gains while DAX and EUROSTOXX50 add around 1.4% and 1.20% respectively.

• Dow Jones and S&P 500 rallied 2.81% and 2.99% while Nasdaq rallied 3.19%.

• BTCUSD and ETHUSD both remain pressured around $39,500 and $2,920.