daytrading 20 march pre market

Good morning traders. Thanks Trees and overnight crew.

SPI futures in negative territory – 26 , pointing to soft open on the local bourse.

U.S. stocks fell for the first time in three days as the Federal Reserve reduced its monthly bond buying to $55 billion and more central bank officials predicted interest rates would rise by the end of next year.

Mrs Yellen gave the market a not unexpected late afternoon reason to sell off, pushing the US Dollar up and Gold down.

DOW down 114 pts
SPX down 11 pts

European markets were mixed before the Yellen speech.

FTSE -32 pts
DAX +34 pts
CAC -5 pts

Gold continued south as the stimulus was wound back another notch.

Spot gold closed down $ 25 at 1330

GLD etf down 2%

Silver down 22 cents 20.60

GDX miners index down 3.70 %

Copper etf was down nearly 3 %

Spot copper up 3 cents (2.98)

WTI crude up 58 cents 100.30

Good luck