The US stocks are heading lower after the Fed decision. The big part of the statement was that "The Committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen".
A snapshot of the market shows:
The yields have moved lower as the market reacts to the thought the Fed will keep rates unchanged for too long.
2 year yield -2.3 basis points 5 year yield -3.8 basis points10 year yield -5.2 basis points30 year yield -5.0 basis pointsThe USDJPY is moved down and back toward its 100 bar moving out on the 4-hour chart at 142.847. The low price of just reached 142.897.
The EURUSD has been fluctuating around its 200-hour moving average at 1.13456 in today’s trading but continues to hold above the rising 100-hour moving average at 1.13281—giving buyers a modest technical advantage. A break below the 100-hour moving average would be needed to tilt the bias more firmly to the downside.
As long as the pair holds above that level, attention turns to the upside. Immediate resistance lies near the trendline around 1.1385, followed by the April 30 high at 1.14027 and then the high from last week at 1.14238.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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