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
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Swing report
OIL13.99109029/413new position

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.

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