US stocks climbed as GDP data came out above expectations. Strong gains were seen the day before after the Fed decided to end quantitative easing and made hawkish remarks regarding the labor market.

Asian markets rallied as the Bank of Japan made a surprising decision to extend monetary stimulus.

European markets are higher today in reaction to the Bank of Japan’s decision. Gains are also being seen after the European CPI increased.

Oil has decreased sharply despite positive US GDP data. The drop is being caused by the US dollar which is appreciating from decisions by the Bank of Japan and Federal Reserve.

Gold also declined strongly and is currently trading around $1,164/ounce, its lowest price since 2010. Hawkish comments from the Federal Reserve boosted sentiment and increased the outlook for the economy making Gold a less attractive asset.

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Yesterday, the FOMC Meeting Minutes were released following the Feds two day meeting. Following the release US stocks declined.

Asian markets were mixed. The Nikkei climbed 0.647% as the Dollar strengthened against the Yen after the FOMC statement.

European markets are lower today. The German Unemployment Change was released and was significantly better than expected. Investors instead, focused on the Fed statement and sentiment dropped.

Oil climbed after the EIA released inventory data. The data showed supplies to increase by a lower amount than expected.

Gold lost its appeal as a safe haven asset as the Fed showed confidence in the economy. Many are now speculating that the Fed could be inclined to raise rates sooner and this dampens the appeal further.

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US stocks rallied yesterday ahead of the FOMC statement. Investors widely expect the Federal Reserve to end their quantitative easing program today. However, interest rates should remain the same. Earnings season has also been mostly positive and traders have welcomed results which have eased fears of an economic slowdown.

Asian stocks also moved higher across the region as European markets are higher today as attention has now turned to the FOMC statement at the completion of the Fed’s two day meeting.

Oil climbed after US data. The EIA will release data later today at 2:30pm GMT.

Gold is trading choppy as traders eagerly await the result of the FOMC Statement. If any hints towards raising interest rates are made we could see the metal drop below its support at 1,220.

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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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US stocks climbed at the end of last week after better than expected earnings and data. Positive earnings were also released throughout the week boosting sentiment.

Asian markets were mixed today. The Nikkei added 0.63% as positive earnings and data reinstated confidence in the economy lowered fears of a global slowdown.

European markets are lower today after another round of weak data from Germany. Markets were initially reacting to results of stress tests performed on 130 European banks over the weekend.  The outcome was not as bad as expected as only 25 banks failed.

Oil traded choppy due to concerns of oversupply and lower demand. Goldman Sachs, an investment bank, has cut its forecast for oil for 2015.

Gold is trading sideways between $1234/ounce and $1227/ounce. Volatility will increase ahead of Wednesday’s FOMC statement where traders are eager to hear any updates regarding raising interest.

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