US stocks were mixed yesterday but with little change. Sentiment was hit by falling oil prices. Trade was also subdued as investors are awaiting the result of the two day FOMC meeting beginning today. It is widely expected that the Federal Reserve will finish their bond buying program this month. However, investors are mostly waiting to hear any clues regarding increasing interest rates sooner than currently expected.
Asian stocks were also mixed today as the Dollar traded lower against the Yen. Traders were also apprehensive before Central bank meetings from both currencies. The Bank of Japan will be meeting on Friday.
European markets are higher today following earnings reports.
Oil dropped to its support level at 80.00 once again but bounced straight off it, while gold continues to trade sideways ahead of the FOMC Statement. Any hawkish remarks would be bullish for the Dollar and negative for Gold. Traders should watch US data today as it could provide short term trading opportunities.
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