The FOMC says they will not raise rates in 2019.
The FOMC more dovish statement and dot plot has pushed the USD lower, stocks higher and yields lower.
For the USD, the greenback is now lower vs all the major currencies with the exception of the GBP.
For the USDJPY, the pair has tumbled below its 200 hour MA and a lower trend line at 111.23, the 61.8% at 111.16 and is now cracking below the low from March 13 at 111.00.
For the EURUSD, the price is up testing the 61.8% of the 2019 range and the end of February high (both are at 1.1419)
The S&P went from -13 points just before the release to +1.58 points now.
- The Nasdaq moved from -20.75 points before the release to +23 points now.
- The Dow moved from -160.25 points to -49 points now.
IN the US debt market,
- 2 year 2.447% to 2.3899% now
- 10 year 2.585% to 2.545% now
- 30 year 3.000% to 2.988%
Source: https://www.forexlive.com/technical-ana ... n-20190320
