The S&P 500 and Nasdaq 100 futures are trading in positive territory ahead of the FOMC meeting at 2:00 pm today. EU markets are trading in the green as well led by a 1.12% gain in the CAC40 and 0.9% gain for the EURSX50. Asian markets closed mostly red overnight, the NIKKEI lost 0.67% and the CSI 300 lost 0.7%. The dollar is trading below three-month highs, at 93.15versus majors and flat on the day in expectation of the FOMC statement release. Gold and Silver are trading near the flat line as well, Gold is trading at $1,775 per ounce this morning, down 0.22% and Silver is trading at $22.63 per ounce, up 0.25%. Oil will be in focus for investors with the release of the Inventories numbers at 10:30 am, in expectation of another drawdown in US inventories. The API survey projects a 6.1 million barrels drop in US stockpiles for the week, sending prices higher by 1.7% this morning and trading at $71.71 per barrel ahead of the news.
US Home Sales at 10:00 am, 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|
|NASDAQ 100||15070||6||-110||22/9||14900||NEW POSITION|
US markets have gone a minor pullback in the past 3-weeks, the FED meeting can fix it for investors tonight.
Both Gold and Silver are lagging the markets in 2021 and there is little hope the FOMC will change the path for both tonight.
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