S&P up about 14 points from pre-release levels

The USD has moved sharply lower after the FOMC decision removes reference to further gradual rate increases, and added that it is prepared to adjust balance sheet normalization. That is a double wammy for the doves.

The dollar has moved lower. Stocks are moving higher.

The EURUSD have moved from 1.1415 to 1.14707. On the way, the price shot above its 100 day MA at 1.14459. The next target area comes in at 1.14847-99 on the daily chart.

S&P up about 14 points from pre-release levels

The USDJPY has tumbled below the 100 and 200 hour MA at 109.468-521. The pair is working back toward the low for the day and the low for the week and 109.20 and 109.124 respectively

USDJPY falls to the recent swing lows

In the US stock market,

  • the S&P index move from 2660 before the release to currently at 2676.54
  • the NASDAQ index move from 7115up 87 points, to 7156 currently, up 129 points
  • The Dow moved from of 255 points to up 411 point currently