Market News & Blog

EU Open - Oil under pressure post-OPEC; Greenback catches a bid

Oil under pressure post-OPEC; Greenback catches a bid

The Australian dollar failed above 75 cents - I sense an investor rerating which could drive it sharply lower

With the RBA reluctant to cut the Australian economy increasingly looks like it needs a lower Aussie dollar. 

Is that a top I see for the Euro?

Looking for a move back to 1.11.

Video: Market Morning - 26 May

Oil collapsed as OPEC failed to deliver anything extra. But stocks ignored the energy sectors weakness and the sellers cam for the Aussie dollar. Something interesting is happening there.

Oil collapses after OPEC meeting, stocks hit new records: Markets Wrap

New records for US stocks as an absence of sellers outweighs a big fall in oil and energy stocks.  

EU Open - Equities rally, Dollar weakens post-FOMC + Preview of the OPEC meeting

Equities rally, Dollar weakens post-FOMC + Preview of the OPEC meeting

A Bearish Gartley Pattern is seen in the FTSE

After the recent run-up and the continued strengthening of GBP, we could be seeing a reversal point.

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