The exclusive Markets Morning Report is supplied by The Precision Report.
The Precise Take – In the hands of the liquidity providers
Big Picture Analysis: Not much has changed in the last 24 hours. While the markets continue to be driven by rumors out of Europe ahead of the much anticipated meetings commencing tomorrow, the ES is simply tracing out a well defined trend channel. Next week features an FOMC Announcement in the US on Tuesday, in which the Fed is expected to announce changes to its communication policy, but not expected to announce (yet) the next large scale asset purchase program (though there might be some hints). EIA Petroleum stats at 10:30 am EST could be a minor market mover.
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