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Wall Street roared higher, adding to its rally from the day before on hopes the Federal Reserve may finally be done with its market-rattling hikes to interest rates

Bitcoin (BTC) is pulling back after reaching new highs for the year in wake of Wednesday’s Fed policy announcement near $36,000.

Bitcoin (BTC) broke below $35,000 after the Nov. 2 Wall Street open as analysis warned of “overheated” derivatives.

By Samuel Indyk

Investing.com — U.S. futures climbed higher Thursday, as investors took confidence in Fed Chair Jerome Powell’s comments, hoping that U.S. interest rates have now peaked.

The Fed's rate-setting committee said The committee said leaving rates unchanged would give the central bank to continue to assess additional information and its implications for monetary policy.

(Reuters) — Wall Street futures on Thursday got a boost from hopes that the Federal Reserve had reached the end of its tightening campaign, while a number of upbeat corporate forecasts also lifted sentiment.

Investing.com -- U.S. futures point into the green, as markets examined statements from Federal Reserve Chair Jerome Powell following the central bank's decision to keep interest rates steady for a second straight meeting. Apple (NASDAQ:AAPL) gears up to unveil its latest three-month earnings, with analysts also eager for any guidance from the tech giant on trading during its crucial December quarter. Shell (LON:SHEL) bumps up its share buybacks, boosting shares in the oil group.

Investing.com-- Bitcoin prices rose on Thursday after the Federal Reserve struck a less hawkish tone than markets were expecting, with broader cryptocurrencies also advancing as the dollar weakened and traders bet on no more interest rate hikes. 

Investing.com-- Gold prices rose on Thursday, encouraged by a weaker dollar and Treasury yields after the Federal Reserve struck a less hawkish tone than expected, although gains in the yellow metal were limited by increased risk appetite. 

Investing.com — European stock markets are expected to open higher Thursday, following strong gains on Wall Street on rising hopes that the Federal Reserve has completed its run of interest rate hikes.

Investing.com-- Most Asian currencies strengthened on Thursday, while the dollar fell sharply after mixed signals from the Federal Reserve ramped up bets that the central bank will not raise interest rates further. 

US Federal Reserve was a bit dovish in its policy meeting. The local currency opened 7 paise higher at 83.21 a dollar as compared to previous close of 83.28. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.51% lower at 106.34.

The Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase in borrowing costs in a policy statement that acknowledged the U.S. economy’s surprising strength, but also nodded to the tighter financial conditions faced by businesses and households.

Investing.com-- Oil prices jumped from a one-month low in Asian trade on Thursday as weak U.S. economic readings and middling comments from the Federal Reserve saw traders pricing in a diminished chance of more interest rate hikes, denting the dollar.

Investing.com-- Most Asian stocks rose on Thursday, buoyed by a rally in the technology sector as somewhat middling comments from the Federal Reserve spurred bets that the central bank was done with its run of interest rate hikes. 

Asian shares and bonds extended a global rally on Thursday as a non-committal Federal Reserve Chair had markets double down on bets that U.S. interest rates have peaked and cuts are on the way. Investors are now awaiting the results from Apple later in the day, a bellwether for consumer demand and the tech sector.

Gold prices edged higher on Thursday, as the U.S. dollar and bond yields slipped after the Federal Reserve held interest rates steady and acknowledged the tighter financial conditions faced by businesses and households. FUNDAMENTALS * Spot gold was up 0.2% to $1,985.99 per ounce by 0147 GMT and U.S.

Federal Reserve Chairman Jerome Powell dashed any hopes for a rate cut in the near future and said that the central bank is not «at all» thinking of the possibility currently.

Treasury yields as markets grew more convinced the Federal Reserve was done with its aggressive monetary policy tightening cycle after it left rates unchanged. The Fed on Wednesday held interest rates steady as widely expected, as policymakers struggled to determine whether financial conditions may be sufficiently tight to control inflation. However, Fed Chair Jerome Powell acknowledged that a recent market-driven rise in Treasury bond yields, home mortgage rates and other financing costs could have their own impact on the economy as long as they persist. The decision lifted sentiment in Wall Street, which spilled over into the Asia day, giving a small boost to the risk-sensitive Australian and New Zealand dollars. The Aussie rose 0.5% to a three-week high of $0.6426, while the kiwi similarly jumped more than 0.5% to hit a two-week top of $0.58825. The dollar edged broadly lower alongside U.S. Treasury yields which touched multi-week lows in early Asia trade.

Wall Street's major indexes closed higher on Wednesday with the Nasdaq's 1.6% advance leading gains, after the U.S. Federal Reserve kept interest rates unchanged and comments from its top official fueled investor optimism rate hikes were done even though the central bank left the door open for more. Fed Chair Jerome Powell said policy makers would proceed carefully although they were not yet confident financial conditions were restrictive enough to get inflation as low as the central bank would like. Trading was choppy at the start of Powell's press conference but the major equity indexes started to regain lost ground after about 20 minutes, then went on to hit session highs. This was because the Fed's top official «wasn't as assertive about higher-for-longer» rates as he has been in past press conferences, according to Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. Charlie Ripley, senior investment strategist for Allianz Investment Management, wrote that while there is still a potential risk for the Fed to raise rates again, Powell's commentary suggests that «the bar has become higher for rate hikes.» Edward Moya, senior market analyst at Oanda wrote that while Powell insisted he was keeping options open for a hike «he didn't seem very convincing.» The Dow Jones Industrial Average rose 221.71 points, or 0.67%, to 33,274.58, the S&P 500 gained 44.06 points, or 1.05%, to 4,237.86 and the Nasdaq Composite added 210.23 points, or 1.64%, to 13,061.47. Among the S&P 500's 11 major sectors only two lost ground with energy falling 0.3% while consumer staples edged down 0.06%.