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  • The US Dollar is continuing to strength today. The $DXY has risen above the 90.80 level to its highest point since last Wednesday. $USD https://t.co/OFWBlH3loM
  • quite the reversal in commod currencies over the past two days. $USDCAD from falling wedge support to resistance. this tl held a number of inflections earlier this month, now being tested through https://t.co/O2zqFkYz9Y https://t.co/Rljf0c6JE3
  • $USDCHF rose to trading above the 0.9100 level for the first time since November. $USD $CHF https://t.co/afJSa3Ap5h
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.86%, while traders in GBP/JPY are at opposite extremes with 67.99%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/7CenEe3hcL
  • Hey traders! Wrap up your week with a quick market update from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/9Sfqv1U0TJ
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -2.02% Gold: -2.70% Silver: -4.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/pOc7rwbN4x
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.41% 🇬🇧GBP: -0.45% 🇨🇭CHF: -0.51% 🇨🇦CAD: -0.76% 🇳🇿NZD: -1.57% 🇦🇺AUD: -1.85% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/wtEBvYAAG2
  • A pullback off confluence uptrend support threatens a larger pullback here but keeps the broader trade constructive while within this formation. Get your $btc market update from @MBForex here:https://t.co/ScHuboiZRB https://t.co/gNiGelWKTM
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.49% France 40: 0.47% Germany 30: 0.45% US 500: 0.28% Wall Street: -0.69% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/4LwfSsKX6u
  • ECB's Visco: - Extreme prudence must be used before exiting support measures - Must wait for a substantial recovery before getting out of easy money conditions #ECB $EUR
FOMC Decision Holds Reins on Dollar and SPX, Pound Mixed after GDP

FOMC Decision Holds Reins on Dollar and SPX, Pound Mixed after GDP

John Kicklighter, Chief Strategist

Talking Points:

• One of this week's top scheduled event risks is due in the upcoming session: the FOMC rate decision

• While the Dollar draws the most direct lines to the policy update, risk trends are bigger picture concern

• The Pound drew limited motivation from UK GDP but the NZD surged after RBNZ 'seemingly' dovish remarks

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Market activity this past session carried the distinct sense of the deep breath before a big exhale. On the docket moving forward is the FOMC rate decision. No change is expected from the world's largest central bank, but that isn't where the market will be looking. A high fluency in Fed-speak makes this market far more sensitive to change in tone which can signal whether or not the first hike is due at a subsequent meeting or perhaps not in 2016 at all - and there is a lot riding on this question. As we await the central bank's call on policy and its global impact, a few other fundamental developments have drawn interest. The Pound's volatility potential was sapped by an 'in-line' UK GDP outcome. Yet, unburdened by anticipation, developments for pairs like GBPNZD and EURGBP may come more readily. Meanwhile, RBNZ Governor Wheeler inadvertently bolstered the Kiwi with what he may have thought were dovish remarks but not interpreted as such. We look at what's moving in markets now and what will stir it up in the next 24 hours in today's Trading Video.

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