US S&P 500 futures are lower by 0.12% this morning, and Nasdaq futures are trading near the flat line as US investors brace for the FOMC meeting and ensuing Press Conference with Fed Chairman Powell, at 2:00 pm ETS this afternoon. EU markets are trading sideways for the 5th day in a row, looking for US guidance while Asian markets traded mostly higher, the CSI 300 closed higher by 0.56% and the NIKKEI closed higher by 0.21%. The US dollar index trades at the 91 level this morning, flat on the day and the week and lower by 3% over the past month. Most other FX markets are trading near the flat line. Gold and Silver are trading lower ahead of the Fed, Gold trades at $1,770 per ounce, down 0.61% and Silver trades at the $25.87 per ounce, down 1.22%. Oil Inventories numbers will be key for OIL investors today, as OIL prices are trading at the $63 per barrel level, marginally higher on OPEC expectations for a solid recovery in demand worldwide. On the negative side, Asian demand is now tempered by India’s Covid-19 surge, and the increased buildup in US inventories may pressure prices, as predicted by the American Petroleum Institute, ahead of the Inventories numbers set to be released today at 10:30 am EST.
US OIL Inventories at 10:30 am and the FOMC Statement and Press Conference 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|
S&P 500 futures are flat ahead of the super important FOMC meeting at 2:00 pm today.
OIL trades at the $63 level this morning ahead of major news: the Inventories numbers at 10:30 am and later on the FED meeting and ensuing press conference.
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.