US equities remain weak with the sp' -13pts @ 2101, and it remains a case of no significant downside. USD remains broadly weak, -1.2%... but susceptible to latter day (post FOMC) strength. Metals remain a touch weak, Gold -$2. Oil continues to build gains, +3.8%.
sp'60min
USO'60min
Summary
Oil is notably strong, with the latest EIA report pleasing traders that perhaps draw downs are coming in May/June.
*Having exited USO-long at $20.08.. I'm content to just watch for the rest of today.
--
FOMC is due at 2pm.... I'd expect some moderate market swings.. but broadly.. we look set to recover higher into the close.
--
notable weakness: TWTR -5.5% in the $39s
-
time for lunch :)