It was a bad night for risk appetite as stocks fell and gold and the Japanese yen rallied. It's only the first fall of more than 1% in more than 100 days. But is it the start of something bigger.
The US dollar is losing ground across the board as evidenced by the continuing rally in the Aussie dollar, Mexican Peso, and Singapore dollar.
In a week where there are few fundamental catalysts many Forex pairs, and oil, are approaching critical junctures. Things could get very interesting as a result.
A bank of England surprise, a weaker dollar and the Saudis saying they might extend production cuts made for an interesting night.
Traders read the Fed as more dovish than they expected which hammered the US dollar and drove the Euro, Yen, and Aussie - among others - higher.
Politics played a big role last night in Forex moves while stocks dipped and oil had a wild ride...now for the Fed.
It might have been a quiet night for stocks but the US dollar caught a quiet bid as bond rates rose in anticipation of this week's Fed decision.
US non-farms shot the lights out but bonds rallied, the US dollar sold off and stocks rose. What gives?
Oil bounced off important support below $49 and bond rates are rising. Both are huge news as traders wait for non-farm payrolls.
A big night for markets as many of the moves we've been talking about happened. What's next?