On 29/07/2021 TraderTalent.com is bringing you Bryan Noble. U.S. Equity Markets bounced around as investors digested the latest Federal Reserve policy decision ending yesterday’s session mixed with the NASDAQ 100 closing higher by 0.41% while the Dow finished lower by 0.37%. The Fed was the big story of the day. The central bank left interest rates and asset purchases unchanged, as expected. In his post-policy press conference, Fed Chairman Jerome Powell said we still have some ground to cover on the substantial further progress front. He noted employment has the most gains to make. Powell stated the central bank is nowhere near lift-off in terms of raising interest rates. He said they are still in the consideration phase of tapering bond purchases. Markets also had a tailwind in the form of earnings, with Apple (AAPL) and Google-parent Alphabet (GOOGL) reporting blowout numbers. This catalyst remains in place, while Facebook (FB) earnings disappointed after the close as we wait for Amazon (AMZN) this evening. European Markets closed higher. European Central Bank Governing Council member Pablo Hernandez de Cos said it must maintain bond-buying flexibility in order to help areas of the economy that need it the most. The European Union delayed legal action against the U.K. for violating terms of the Brexit deal, saying it will allow more time to resolve differences. British Prime Minister Boris Johnson said the country may institute vaccine passports for large events and air travel, as it looks to cut down on future outbreaks. In Asia, Chinese state-run media called for calm in domestic equity markets, saying the recent sell-off was due to a “misinterpretation of policy,” and the economy continues to recover. The Bank of Japan Minutes from the most recent policy meeting showed board members worried about tightening monetary policy too soon, in light of rolling coronavirus-infection surges. South Korea’s consumer confidence figures for July fell versus June, decli…
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