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|
|TRADE||ENTRY PRICE||POSITION||OPEN PROFIT||DATE TRIGGERED||STOP LOSS||UPDATES|
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.
Warning: The information provided on this page (“the information”) is for instructional purposes only, for enhancing your general knowledge of the capital market in general and using trading methods and the technical analysis method in particular. We hereby clarify that the company, its management, staff, shareholders and agents do not hold investment advisor licenses and/or portfolio manager licenses by any applicable law, and do not pretend to advise any person on the worthiness of buying, selling, holding or investing in securities and other financial assets. The information should not be construed to be a recommendation or opinion, and any person who makes any decision based on the information – does so entirely at their own risk. Be aware that the information cannot serve in lieu of advice which accounts for specific information and needs of an individual, and that investing in securities and financial assets may cause loss. The company, its management, staff and agents may have a personal interest in issues related to the information, and may hold specific securities mentioned in the information, or similar securities. If you use the information, you waive any claim or demand against the company or anyone acting on its behalf.