NewsWare’s Trade Talk: Wednesday, November 2

S&P Futures are flat to higher this morning ahead of today's FOMC decision on monetary policy today.  Historically the market has bounced on the 2:00 pm decision, but the real direction is set by the tone coming out of the Chairman's press conference that starts today at 02:30 om ET.  Prior to the Fed announcement, the market will receive job data from the ADP, ADP employment data is a key read ahead of Friday's Non-Farm Payrolls report. Asian markets showed strength overnight as China appears ready to move towards an easing in Covid 19 policy.