Finspiration Australia. Chart Analysis for Australian and International Stock Markets.

 1/11/22.  Morning Report.

Overnight in America, stocks weaken ahead of Fed. decision.

Dow Jones -0.39%.  SP500 -0.75%.  Nasdaq -1.03%.  Small Caps -0.11%.  Banks -0.49%.

SP500.

Today's action shows a narrow-range, inside day - a sure sign of indecision ahead of the Fed. decision.

The pause has come at horizontal resistance - again, a natural place for an indecisive mood.  It will depend on how the market reacts after the Fed. decision, tomorrow night Oz time.

Commodities.

Commodities Index -0.71%.  Energy -1.19%.  Base Metals -2.44%.  Agriculture +1.07%.  Gold -0.82%.

That looks like a bottom is in for Agriculture.

After 90 minutes of trading this morning, XJO is up modestly after opening higher.  XJO +0.3%.