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  • S&P 500, Nasdaq Rally After the Fed; 10 Year Yield to Two-Month-Highs https://www.dailyfx.com/forex/market_alert/2021/09/23/SPX-SPY-ES-SP500-Nasdaq-NQ-QQQ-Rally-After-the-Fed-10-Year-Yield-2-Month-High.html https://t.co/peftVleO0y
  • #Bitcoin Outlook: $BTCUSD Bounce From 40K, Fake-out or Shake-out? - https://t.co/ixsRMKgCom https://t.co/KDQv4wgfot
  • While JPY gets clobbered, CHF decides to turn a blind eye to yields $CHF https://t.co/MViWZiiPZ7
  • The surprise 100 basis point cut from the Turkish central bank (to 18%) generated the expected pressure for $USDTRY. That said, I don't think it was the market that decided the momentum should die out at 8.8000 again... https://t.co/4jmOPnzzK9
  • surprised that $NQ is holding up so well with what rates are doing. 10 year yield at a 2 month high, $Nasdaq still holding resistance at prior support https://t.co/UBWBxY2nFC
  • The S&P 500 has recovered all the ground it lost at the start of the week and the Dollar has slumped post FOMC and PMIs. DailyFX's @JohnKicklighter gives a brief overview of the market for Thursday! https://t.co/jihKB44ELn
  • https://t.co/lbNvVbQq4n
  • The future taper isn't enough to urge the Dollar to a critical bullish break. In turn, $EURUSD has reversed shy of of August's trough and keeps in play an inverse head-and-shoulders pattern with a neckline at 1.19 https://t.co/EgUtX6Pmvy
  • USD/CAD testing short-term moving average support. Traders have cut their long exposure over the week. Get your market update from @nickcawley1 here:https://t.co/iEL5cbFnHs https://t.co/6kLkUFkFvU
  • In the West, that qualifies as a default action. Let's see how it is treated in the world's second largest economy https://t.co/PKWy7SE8Dt
Strategy Video: Fed Decision Set to Trigger Dollar, Risk Response

Strategy Video: Fed Decision Set to Trigger Dollar, Risk Response

John Kicklighter, Chief Strategist

Talking Points:

• The FOMC rate decision due Wednesday at 19:00 GMT is not one of the quarterly updates with forecasts

• A broad, dovish shift by many of the largest central banks has leveraged the importance of the Fed's move

• Not only does a divergent hawkish view for the Fed present a Dollar lever, it can change global 'risk'

Want to develop a more in-depth knowledge on the market and strategies? Check out the DailyFX Trading Guides we have produced on a range of topics.

In the past few weeks, we have seen policy changes and data that have shifted the global view on monetary policy to a more accommodative / risk-positive course. While the ECB's new QE program, the easing of hawkish commentary from the BoE, surprise BoC rate cut and other changes reinforce a sense of central bank-derived financial stability and economic support; the Fed's complicity remains a vital ingredient to FX trends and the bearings of investor sentiment globally. The upcoming FOMC decision is not one of the quarterly events that offers updated forecasts for labor markets, inflation and interest rates. So, the market's assessment of the situation will be more finely balanced on rhetoric in the accompanying statement. What would a hawkish or dovish outcome look like? How will this event his the Dollar and broader markets? We discuss the FOMC scenarios in today's Strategy Video.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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