U.S. stock indices are trading higher at the mid-session driven by greater demand for higher yielding assets. Tuesday’s decision by the FOMC to keep interest rates low for an extended period is the catalyst behind today’s rally. Because of the low interest rates the world is using the Dollar and the Yen as funding currencies.

News that interest rates are going to remain low for quite some time is helping to boost June Treasury Bonds. This market continues to remain strong despite the abundance of new supply hitting the market each month. The only negative factor that I foresee is the possibility China will cut back on its purchases of our debt due to conflicts over the value of the Yuan.

The weaker Dollar is helping to push April Gold prices higher. This market may encounter resistance at a 50% price at 1138.00, but upside momentum could trigger an acceleration to the upside once the main top is crossed at $1145.80.

June Crude Oil is trading higher, driven by demand for higher risk assets. Gains were limited this morning by an inventory report which showed supply increased by 1M barrels. Look for upside momentum to drive this market through the recent main top at 83.80.