December Silver and December Gold are mounting strong rallies this morning after the Bank of Japan and the Reserve Bank of Australia surprised the currency markets with their monetary policy decisions.
U.S. equity markets are trading lower this morning ahead of the opening in New York. Although the markets closed higher on Tuesday, they started to peel back gains about mid-session on concerns about consumer discretionary stock losses and a slow down in global growth.
U.S. stock indices are trading flat overnight. Traders have largely ignored the weakness in the Euro over Greece concerns. This may mean that today’s menu of U.S. economic reports will have a bigger influence on stock prices.
The U.S. Dollar is down sharply across the board overnight as investors are reacting to yesterday’s U.S. Federal Reserve minutes and comments from the Reserve Bank of Australia.
