S&P500 Futures and Nasdaq futures are higher by about 1% after yesterday red day in US equity markets while most of EU is trading a flat session and Asian markets traded a flat mixed session as well. Investors will eye the FOMC statement tonight as to more on the US economy and the ways the FED is preparing into the near-term high unemployment economy. FX markets are seeing more USD weakness as investors turn to the AUD/CAD pair looking for riskier markets. The dollar index is down 0.24% at 99.6 this morning, down 4-days in a row. Gold and Silver are going separate ways this morning, Silver prices are up 1.1% to $15.34 while Gold is marginally lower ahead of the FED, trading at $1,716, down 0.3%. OIL Inventories news today will be key to the rebound in Oil prices, up 14% this morning and trading at $14.3 after a report from the API stated a lower than expected inventories buildup for the week, up 10 million barrels vs 10.6 million expected. Oil inventories are expected to show an all-time highs buildup on the upcoming report today.
US Advanced GDP at 1:30 pm, US Pending Home Sales at 2:00 pm, OIL Inventories at 3:30 pm and the FOMC Statement at 7:00 pm are the important news on the agenda Wednesday, (all times GMT).
|Global Markets 24 hours wrap-up|
|TRADE||ENTRY PRICE||POSITION||OPEN PROFIT||DATE TRIGGERED||STOP LOSS||UPDATES|
OIL are rebounding 14% this morning after yesterday collapse as investors await the inventories numbers today at 10:30 am US.
The DAX is trading flat this morning while Nasdaq futures are pointing to a higher open after yesterdays pullback as investors eye more earnings and the FOMC Statement.
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.