Gold: FOMC-led selling extends, reverts to 1hr 100-SMA

Gold prices extend the overnight bearish run post-FOMC’s status-quo policy decision, and now tests the strong support of hourly 100-SMA at 1240.45.
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BOJ surprises the market with unchanged policy

Following the cut in interest rates in January, the BOJ has decided to surprise once again the market, this time by keeping the policy unchanged, with rates at -0.1%. The bank announced a lian support program for banks in areas hit by the recent earthquake.
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