I'm not so sure this will last; watch EUR and gold
I'm not sure there was more the Fed could have realistically offered to markets. The Fed delivered more than most hoped in terms of a dovish signal.
But sometimes how the market reacts to 'good' news is more important than the news itself. It's early but this may turn out to be one of those times.
In my experience, the real FOMC move doesn't come until a day or two after the Fed but that's no help to anyone in the market now.
I don't see any reason to run and panic here. I continue to believe that oil and commodities are in charge.
Crude closed floor trading up $69 cents to $32.12 today; that's a good signal for markets. Post Fed moves can humble anyone but I think there's a case to sell EUR/USD here on better risk trades.
I'm also impressed at how gold is behaving. That's a nice looking chart.