Year-end is near and that means flows dominate rather than fundamentals. The S&P 500 roared higher while GBP led and CHF lagged. The Bank of Japan decision is up next. 5 trades from the Premium Insights are currently in progress, 4 of which are in progress. USDJPY and AUDCAD are the trades with the most in the money with more than 200 pips each. 1of the EURNZD longs hit all targets, with the other in progress in the red.
There is no coherent way to explain all the market reactions before and after the FOMC decision. If Yellen was dovish, the stock market rally makes sense but the rising dollar and yields don't make sense. If she was hawkish, why did the S&P 500 complete the best two-day rally since 2011? The nature of markets is in flux and not every market moves can be tied to the latest news.