The S&P 500, Nasdaq and Dow futures are marginally higher and EU markets are trading near the flat line this morning, as investors brace for the FOMC meeting and press conference starting at 2:00 pm US today. Asian markets also traded mostly near the flat line ahead of the US news. Most analyst are expecting the Fed to continue with its low rate policy long term and provide guidance on the unemployment and inflation near term. FX markets are trading in a narrow range ahead of the news, the dollar index trades at 92.9 this morning, down 0.15%, while most FX markets are flat. Gold and Silver are higher ahead of the FED, expecting more dollar downside to gain, Gold is at $1,955 per ounce this morning, up 0.45% and Silver trades at $26.12 per ounce, up 0.71%. Oil investors are gearing up for the Inventories numbers at 10:30 am this morning, as well as being on the lookout for hurricane Sally, sending prices higher by nearly 3% this morning as investors fear the shutdown of Oil facilities along the Gulf of Mexico. 25% of US OIL and Gas production is shut down because of the storm this morning, sending OIL prices to $39.33 per barrel.

US Retail Sales at 8:30 am, US Oil Inventories at 10:30 am and The FOMC Rate Statement and Press Conference starting at 2:00 pm are the important news on the agenda Wednesday, (all times EST).

 

Global Markets 24 hours wrap-up
MarketGBPUSDUSDJPYEURJPYEURUSDGOLDOIL
16.9.200.05%-0.51%-0.58%-0.07%0.47%2.88%
EURGBPUSDCHFAUDUSDAUDJPYUSDCADSilverNat Gas
-0.08%0.03%0.25%-0.25%-0.03%0.51% 0.6%
Dollar IndexDAXFTSE100CAC40EURSXX50NIKKEI225CSI300
-0.12%0.22%0.01%0.23%0.26%0.09%-0.66%
1 YEAR6.8%-16.86%
-9.55%-5.27%6.76%17.68%
Swing report
TRADEENTRY PRICEPOSITIONOPEN PROFITDATE TRIGGEREDSTOP LOSSUPDATES
OIL39.618-4016/938new position
       
GBPUSD2878128014/92850 SL Changed
       
       
       
OPEN PROFIT  $240   

OIL prices are sharply higher this morning after hurricane Sally shuts down 25% of US OIL and Gas production along the Gulf of Mexico.

After a sideways move of more than 4 weeks, Gold investors brace for more dollar weakness following the FOMC expected release today at 2:00 pm US. 

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