NewsWare’s Trade Talk: Wednesday, July 6

S&P Futures are modestly weaker this morning as the market awaits the release of the FOMC's meeting minutes early this afternoon. This is a key economic release and traders will be looking for clues on possible monetary policy changes in Sept. Oil has pared back its early morning gains but is still trading fractionally higher this morning. The dollar is holding gains around the strongest levels in decades. European stocks are higher while Asian markets were lower overnight.