Operation Twist

USD/CAD: Fed Expectations and Obama Compromise Weaken US Dollar
Currencies

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The Federal Reserve is expected to announce today an expansion of its asset purchases program that is likely to weaken the valuation of the US dollar versus the Canadian currency. Hopes also continue to rise as talks concerning a fiscal cliff deal are believed to be making progress.

CurveAheadMarketStrategies.com Morning Coffee Break
Commodities

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U.S. stock indexes printed small gains yesterday as market participants begin to focus on the two day Federal Reserve meeting.  Analysts are looking for policymakers to provide further monetary stimulus – QE4? However, the Fed watchers will also be watching for any signs of deal or lack of deal concerning the fiscal cliff.