With the US FOMC (Federal Open Market Committee) remaining in a ‘wait and watch’ mode as far as rate cut is concerned while leaving the door open for further quantitative easing, uncertainty is likely to prevail in global commodity markets.

The dollar tumbled to key support levels after the Federal Reserve Chairman Mr Bern Bernanke’s press conference subsequent to the US FOMC meeting. Markets were seen guarded on Wednesday, waiting for cues on another round of monetary policy easing………………………………………..Full Article: Source