Decision Talking Points News Today

There is plenty of additional US event risk after the Fed and a number of currency crosses (eg EURUSD) have event risk from peers; but USDCAD is far less encumbered

The Federal Reserve hiked its benchmark rate 25bps to a range of 4.50 – 4.75 percent

With Monday trade, the NDX slipped right back below its 200-day SMA with little ceremony as markets balance risk before the Fed and other key events

Risk trends shuddered to start this trading week, but the turn from the S&P 500 and the edging higher from a Dollar in a very tight range is likely misleading

Between the progress in certain risk assets (like the Nasdaq 100), the remarkably constraints on the Dollar and the heavy event risk next week; expect Friday confusion

We are moving into more serious fundamental waters Thursday with the US 4Q GDP reading on tap; and Dollar traders frustrated by the tight range will be watching with anticipation