During the course of the day on Wednesday, we get a handful of announcements. The M3 Monetary Supply numbers coming out of the European Union, the preliminary GDP number coming out of the United Kingdom, and then Durable Goods Orders out of the United States. We also get crude oil inventory announcements, and then the FOMC Statement.

EUR/USD

The EUR/USD pair initially tried to rally during the course of the day on Tuesday, but turned right back around to form a negative looking candle. The 1.10 level above has offered resistance, and with that being the case it looks like we are going to continue to find put buyers in this market as we continue to struggle in the European Union.

Gold

Gold markets rose slightly during the day on Tuesday, but at the end of the day there seems to be quite a bit of support at the $1300 level. This is likely going to be an area of interest by traders, and after the FOMC Statement coming out today, we could get a bit of a push for gold by call buyers yet again. This was an area of that was a significant breakout, so the fact that we pullback could be a good sign.

WTI Crude Oil

The WTI Crude Oil market has looked a bit soft recently, and the fact that we continue to grind lower should attract put buyers. However, the crude oil inventory numbers could have quite a bit of an effect on the market today. It appears that the put buyers are in control, so they could be emboldened after the announcement.