EURUSD Slow Trigger Reversal and USDCAD Yet to Detonate After Fed, Before US GDP

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SPY, Facebook, EURUSD and USDCAD Talking Points

● The Federal Reserve’s policy meeting ended with no change in rates or stimulus pace, but the group signaled it is closing in on the taper
● With speculation around an August, September or later taper timeline; the S&P 500 struggled after the event…but so did the Dollar
● EURUSD closed above its 20-day moving average for the first time in 36 trading days while USDCAD is carving out of its smallest 5-day trading range in a year

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