Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

One 30-Minute Move- That's It

One thirty minute bout of equity buying in the U.S. session was about all that the market could muster ahead of the U.S. rate decision and statement from the FOMC at 14:15 ET on Tuesday. Oil speculators offered bids up to 76.50 as gold trade held 1280 an ounce. The dollar index held steady, not impeded at all by the moves in equities, and seeming to be anchored by the swath of Treasury selling that runs on Monday, Wednesday, and Friday of this week.
Eur/Usd is holding onto support, but still unable to make a clean break towards huge resistance at 1.3250. If the Usd finds buyers this week the pair will very likely test 1.2750. Gbp/Usd looks weak in the near-term, but is holding a mid-term long bias that is allowing the buying of support at the previous session lows. 1.5250 and 1.5750 are the main price action points of note.
Aud/Usd absorbs the minutes from the last rate statement, and traders resolves will be tested in regard to long-interest rates but short-political fundamentals do battle. 0.9500 looks to be an area that the pair may not be able to easily break unless global markets make a concerted effort to move equities and commodities higher. Usd/Cad, Usd/Jpy, and Usd/Chf are offering very mixed near-term reads, with each moving on macroeconomic outlooks.


Disclosure: N/A