Yesterday’s press conference held by the chairman of the Federal Reserve, Jerome Powell, announced that the central bank would keep its current fed funds rates at a range of 2.25% to 2.50%.

To be more precise it is the Federal Reserve’s decisions and monetary policy which is the underlying cause of today’s market moves, and as the head of the central bank Jerome Powell delivered the message in a press conference following today’s conclusion of

Simply defined by Investopedia, “A golden cross is a bullish breakout pattern formed from a crossover involving any stock or commodities short-term moving average breaking above its long-term moving average or resistance level.”