The dollar traded sideways most of the trading day and had no reaction to the FOMC meeting decision to stay put on interest rates. Most majors closed flat versus the dollar while the JPY turned lower as investors see a more hawkish FED in the coming months. Metals reversed after a weak day yesterday and OIL turned higher on the inventories number. Most global markets traded flat ahead of the FOMC and the NIKKEI225 was the big overnight winner, turning sharply higher on a weaker Yen. Next stop for the markets is tomorrow on the NFP report before US market open.
UK manufacturing at 9:30 am and ISM manufacturing PMI at 3 pm are the important news on the agenda Thursday.
Swing trades follow up
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