The US$ is retreating a bit after FOMC despite the pledge to end pandemic-era bond purchases and hints of rate increases for 2022. US stocks are up on this news ahead of the market close. There are the ECB and BoE rate updates scheduled for today so traders may need to wait until after these to get a clearer picture of the next directional move for the DXY.

Data:

DXY 4hr: note the pause on the DXY after FOMC:

Markets:

S&P500 4hr: higher after FOMC so watch 4,650 for any new make or break:

ASX-200 4hr: watch for any new TL b/o:

Gold 4hr: ditto:

EUR/USD 4hr: watch for any new TL b/o; especially with today’s ECB rate update:

AUD/USD 4hr: watch for any new TL b/o; especially with today’s AUD Employment data:

AUD/JPY 4hr: watch for any push higher here:

NZD/USD 4hr: watch for any new TL b/o:

GBP/USD 4hr: watch for any new TL b/o; especially with today’s BoE rate update:

USD/JPY 4hr: watch for any push higher here:

GBP/JPY 4hr: watch for any new TL b/o; especially with today’s BoE rate update: