Stock markets sold off while Treasuries rocked by the FOMC's stance even as there weren't really any surprises. There were couple of hints in press conference for a March liftoff and a June balance sheet reduction. USD hits 1-mth high. 10-yr was up 10 bps to 1.876%. DAX and FTSE 100 futures are down, while a -1.3% decline in the USA100 is leading US futures lower. In stock markets USD benefited from the hawkish Fed and EURUSD dropped to 1.1209 while Cable is at 1.3422 at the moment. Markets will continue to digest the Fed statement and the implications for ECB and BoE next week. USOil – up to $86.50, currently at $85.65; US rejects Russian demand to bar Ukraine from NATO; Gold - down to $1809 from $1854. Today – The heavy earnings slate includes Apple, Visa, Mastercard, Comcast, Danaher, McDonald's, SAP, etc. Data includes the Advance Q4 GDP report, December durables report, weekly jobless claims and pending home sales.
Biggest FX Mover @ (07:30 GMT) NZDUSD (-0.64%) - Breached 15-mth support at 0.6660.
