NewsWare’s Trade Talk: Wednesday, June 29

S&P Futures are trading higher after being lower earlier this morning. The market will be paying attention to the ECB Forum in Portugal today. Fed Chairman Jerome Powell will be speaking and traders will be looking to decipher his speech for indications on the future path of interest rates. Also this morning, one hour before the opening bell we have the GDP report being released. The oil market will likely see some volatility as the EIA will release two weeks' worth of stockpile data today.