Good morning. US equity futures are moderately higher, sp +7pts, we're set to open at 2054. USD is -0.1% in the DXY 94.10s. Metals are back on the rise, Gold +$9, with Silver +1.4%. Oil is +0.4% in the $39s.
*as most will now be aware, there is a a Fed meeting today, but a closed one.
Notably, after the meeting, Yellen is due to then go meet the US President and Vice president. Speculation is rife on what that might be about.
The Fed is not political, right?
As for equities, well, the open sure isn't going to be great for those short.
It remains simply the case.... holding under the recent highs of 2060 and '75, or...a massive breakout. Its one or the other.
re: Gold/Silver: The precious metals are increasingly strong, and based on the action from late Dec-March, that could be argued is indirect bearish for equities. No doubt the weaker USD is currently helping.
China: +1.6% @ 3033
Japan: latter day recovery, -0.4% @ 15751
Germany: currently +1.1% @ 9730
Have a good monday