No news from the Fed is good news for stocks, commodities and other “risky” assets and those instruments have gained ground since the FOMC signaled a steady course.
EUR/USD has rebounded to the 1.3190 area, eying the next zone of resistance up at 1.310/20. 1.3265/70 is key resistance on rebound near-term as trailing stops lie just above that level from a variety of players.
The S&P is up 0.75% and oil is up nearly 1%, gaining a little steam in the wake of the Fed.
