12pm update - holding pattern

US equities remain in a classic holding pattern ahead of the 2pm FOMC announcement. What will be more interesting is how the market reacts to what the Yellen has to say at the press conf'. USD is back to u/c @ DXY 95.00. Metals remain somewhat weak, Gold -$5.


sp'60min

VIX'60min

Summary

Little to add.

Clearly, the Fed aren't going to raise rates today... so it is merely going to be a case of more word games, and whether the market will 'sell the FOMC'.. having climbed from the double floor of sp'2072.

notable weakness: CHK -2.9%, as energy prices are starting to slip, Nat' gas -0.6%

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VIX update from Mr T. 


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time for tea :)