Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Ways to Play: FOMC to Release Interest Rate Policy


Strengthen your portfolio in good times and bad.


The Federal Open Market Committee's interest rate policy decision is due out at 2:15 p.m. EST later today.

Officials are likely to signal the economy has been improving but pledge to keep interest rates near zero for quite some time.

Inflation expectations are rising, according to Bloomberg. The TIP spread (difference between 10-year notes and TIPS) widened to 2.06 percentage points from 1.80 points on Sept. 23. But with unemployment still at high levels, many feel policy makers will have no choice but to maintain the Fed Funds rate at "exceptionally low levels."

From the Bull Pen: Was the move in gold yesterday a message from the markets? Crude oil is following along today. Bulls wanting this type of exposure can consider the oil ETF (USO). Notice how the stock found support at its 20-day moving average (currently 39.52). A sell stop can be set below that level.

From the Bear Cave
: Bears can keep an eye on Motorola (MOT). Watch for confirmation of a double top sell signal. Those playing the downside can consider a buy stop above 9.40.

A Quick Check Around the World

Asian trading closed with the Nikkei 0.42%, India 3.29%, Hang Seng 1.76%, Shanghai 0.46%, and Taiwan 1.97%.

Across the pond, we see the FTSE 0.84%, CAC 1.63%, DAX 1.44%

As of 8:15 a.m. EST, S&P Futures are trading +6.75 to 1048.75 and Nasdaq futures are +4.750 to 1680.00.

A Look at Commodities

Over in commodities, crude oil is +0.72 to 80.32 while gold is +6.20 to 1091.10 this morning. Silver is +0.27 to 17.450 and copper +0.400 to 299.60.

The dollar Index is -0.2600 to 76.3100.

On the Radar


07:30 Challenger Job Cuts
08:15 ADP Employment Report -190k cons.
10:00 ISM Services 51.7 cons.
10:30 Crude Inventories
02:15 FOMC Rate Decision

Click here for the full trading radar.

Happy Hump Day! Good luck!

Register For Minyanville's Holiday Festivus '09 Here
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos