Good evening,

The event of the day was the Federal Reserve interest rate decision, and the FED left rates unchanged because officials want to evaluate the global economy and financial markets trend before to make another rate hike. The FED is still have the intention to rise rates at gradual pace but the consequences on inflation and on the labor market of the Chinese crisis and the weakness of European growth postponed this event.  The financial community expect FED funds between 75 to 100 basis points by the end of this year.

US indices are quite volatile today: they opened in negative territory, recovered the losses and then after the Federal Reserve Announcement started again to lose ground, with the Nasdaq Composite down 93.58 points at 4,474.09 (-2.05%).

In the FX market EurUsd is trading at 1.0910 (+0.38%) and GbpUsd is down 98 pips at 1.4252 (-0.68%). Gold is up 1,126.5 $/oz (+0.56%) and Crude Oil is gaining 67 cents at 32.12 $/barrel (+2.13%).