Tuesday, 29 March 2016

11am update - awaiting the Yellen

US equities remain in moderate chop mode, ahead of the Yellen. USD is -0.1% in the DXY 95.80s. Metals are mixed, Gold +$8, whilst Silver is u/c. Oil remains weak, -3.3% around the $38 threshold.


sp'60min



VIX'60min



Summary

*note the opening black-fail VIX candle, that sure shouldn't inspire the bears.
--

Little to add.. as Yellen is due around 11.30am. That event might last until 1pm or so.. perhaps even longer if the Q/A drags on.

Considering the Oil weakness, the broader market is holding up relatively well.

--
Meanwhile.. here in London city...


Its kinda reasonable today, but within a short while, its set to get a little stormy. Whether that sets the mood for this afternoon in market land...  hmm
-

standing by... for the CEO of print central.