Day Trading 21 Sept Pre Market

Morning all

SPI: -9 @ 5281
XJO Yesterday: +8 @ 5303


Wall Street made few big moves on Tuesday as investors opted to sit on the sidelines ahead of a major day of monetary policy news from the Federal Reserve and the Bank of Japan.
The S&P 500 was up 0.03%, the Dow Jones Industrial Average added 0.06%, and the Nasdaq rose 0.12%.
Speculation over the Fed's likelihood of moving on interest rates sooner rather than later has caused waves on Wall Street in recent weeks. A rush of weak data, including snapshots of retail, industrial and inflation numbers for August, have pushed out the chances of a hike to later this year, though Fed members continue to spout more hawkish rhetoric.
The chances of a rate hike in September sit at 15%, according to CME Group fed funds futures. Most analysts are betting on a rate hike in December, which has a 48% likelihood.
The Bank of Japan was also on watch as members meet for a two-day discussion on monetary policy. Unlike the Fed, market analysts are mixed on whether the central bank will make a move, including increasing stimulus, this month. The central bank adopted negative interest rates in January, a decision that caused market waves at the time. The additional stimulus was intended to spur economic growth by boosting business and consumer lending. 1

U.S. oil prices edged up on Tuesday on hopes the planned restart of country's main gasoline pipeline after a leak more than a week ago will boost demand, while Brent slipped amid skepticism over a proposed deal to freeze production.
Both benchmarks hit six-week lows earlier on the day in volatile trade ahead of the Sept. 26-28 informal talks in Algeria between the Organization of the Petroleum Exporting Countries and other producers on a proposed deal to contain a glut that has weighed on prices for about two years. 2

Oil: $43.85 + .15c

Copper: + .57%
Nickel: + 1.35%
Zinc: + 2.3%
Aluminium: - .4%



Gold and silver prices ended the U.S. day session near unchanged levels in subdued trading Tuesday, ahead of two major central bank meetings that are arguably the most important markets events this month. 3
Gold: $1315
HUI: flat
AUD Gold: $1740

AUD: .7553

On Today:




Have a good day

Sources:
1 The Street
2 Reuters
3 *****
4 Brad Pitt set to become most hated man in Hollywood