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Markets | Yesterday | Today | ||
| metals
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November's bases failing for gold (to $1,148.40) and still holding for silver ($15.57) | Trading lower; futures -0.58% | |||
| stocks
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As IBD put it: "...bounced from session lows Tuesday in a new sign that last week’s bottom could hold." | futures now trading lower for most indexes, over all to -0.39% |
A very happy day to all, even if maybe a bit more "adventurous" than we'd prefer. Trading direction seems in flux, maybe they're nervous about the FOMC Rate Decision after the MBA Mortgage Index and Crude Inventories. If traders are upset about Isreal's election results imho they shouldn't be. News headlines:
The Fed Is Raising the Price Of a Free Lunch - Tad Rivelle, RealClearMarkets
As Fed Gears Up, Global Investors Go Bearish - John Shmuel, National Post
WH Wind Power Claims Are Implausible, Dangerous - Julian Morris, RCM
Finally, A Bank Stands Up to Obama's Shakedown - Editorial, Investor's
Shares up in Europe and Asia before Fed meets; dollar steady Reuters - 8 hours ago LONDON (Reuters) - European shares followed Asian stocks higher on Wednesday and the dollar held steady before a Federal Reserve meeting that's expected to lay the groundwork for the first increase in U.S.
China stocks at 7-year high on stimulus hopes as other world benchmarks brace ... Fox Business - 2 hours ago A currency trader holds up Malaysian ringgit notes at a currency exchange store in Kuala Lumpur, Malaysia on Tuesday, March 17, 2015.
Dollar bulls bank on Fed losing its patience
Oil Drops to Six-Year Low as Dollar Swings Before Fed