FX:USDCAD   U.S. Dollar / Canadian Dollar
67 0 2
It shouldn’t have come as a surprise, but it did. On Wednesday, the Fed indicated that it’s very likely not going to rate the hikes again soon. The subsequent drop showed that investors were very optimistic about future rate hikes and then had to reverse their positions.

The Dollar drop turned into a rally for commodities . The oil             rally also spilled over into energy shares and helped the S&P500             recover all of its earlier losses. Alphabet Inc             sold off 4% and Apple             has reclaimed its spot as the most valuable company. The ADP reports showed positive numbers – the ADP is also the best predictor for Friday’s NFP.

The EURUSD             finally left its consolidation and traded right into a supply zone . The Fibonacci target is just under 1.14.
Yesterday's bullish bias on the USDCAD             had to be reversed after the Fed's talk. The USDCAD             sold off and moved right into demand at 1.373.
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