Caveats to a EURUSD Break and Questions for S&P 500 Slip After Fed

Fed Talking Points:

• The Fed took a more dovish shift than was expected when it dropped all expectations of a hike in 2019 and stated QT ends in September
• Via the old formula, a more accommodative central bank would spur risk trends, but the S&P 500 very clearly closed lower on the day
• EURUSD has a high profile technical clearance but the Euro is as embroiled as GBPUSD in Brexit uncertainty - my interest is USDJPY

See how retail traders are positioning in EURUSD after the break, GBPUSD between Fed and Brexit, Gold as it plays unique safe haven along with the rest of the FX majors, indices, and oil intraday using the DailyFX speculative positioning data on the sentiment page. (