Forex Blog by Greg Secker

The DOW pushed higher during the session but ran into the 12500 level which has been a major line of support and resistance over the last 12 months, ending the day up 96 points. The S&P added 8 points and the NASDAQ added 8 points. The FTSE, writes Greg, 100 opened higher and held on to the gains during the day to end the session up 96 points. Futures – DOW is called down 60 points, FTSE is called down 35 points. Oil is trading at $92.90 a barrel and gold at $927.30. All eyes will be on the US FOMC meeting tonight to see if they will cut interest rates, decision will be out at 19:15.