The Fed held steady today and didn’t change their forecast in a dramatic way; Gold dropped slightly but was overall unchanged. Their next meeting will be in June; odds support a 20% chance of a rate hike at that time. The Bank of Japan meets tomorrow and will make an announcement regarding monetary policy; their actions could weaken the Yen and strengthen the US Dollar.


On a side note, Apple stock dropped significantly today as our analysis suggested and is quickly approaching the support level seen below, a failure there will send prices reeling to $80.00 and then potentially $70.00.