The Traderszone Network

Europe gets off to a softer start unimpressed by Fed’s lack of hike and better showing from China
– FTSE -0.1%
– DAX -0.5%
– CAC40 -0.7%
– FTMIB -0.4%
– IBEX -0.9%
Shanghai Comp Index closes up +0.4% but down 3.2% on the week

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The late Thursday decision weakened the greenback sharply, which should be supportive for oil prices, but the macroeconomic concerns behind the decision are having a bearish impact on the oil market.
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It’s been a mixed session so far and earlier attempts to sell a few USD has met with some more profit-taking as European desks warm up
USDJPY has found support into 119.50 to post 119.79 again while cable had another look above 1.5600 before running out of steam and retreating to 1.5580 eee 1.5565 as I type. Bids remain at 1.5550 with EURGBP offers into 0.7350 still

Pioneer Investment Management thinks Europe’s looming ban on bundling together payments for equity research and trading is a great idea. But uncertainty over what will be allowed in the final rules has forced it to stop its efforts to separate the two.

The greenback has been under pressure on disappointment from the Federal Open Market Committee’s dovish statement, prompting investors to close out their long-dollar positions.
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Softer showing as USDJPY falls post-FOMC
 again
– -362.06
– open 18275.48
– high 18205.90
– low 18069.50
– USDJPY 119.68 just off session lows. Bids noted at 119.50