Monday 23 March 2015

11am update - market eyes on Draghi

US equities remain somewhat mixed, as Mr Market has its attention on Draghi.. speaking at the EU parliament. USD remains notably weak, -0.85% @ 97.05, a retrace to the breakout/resistance zone of 90/87 remains very viable. Metals are battling to build minor gains, Gold +$3. Oil is holding early swing gains of 1.1%.


'Greece is not being blackmailed'

sp'daily5


Summary

*I realise not everyone will have an interest in Draghi speaking (I'm guessing US version of CNBC isn't covering it)... but still... its interesting viewing. He is taking some heat this afternoon.. which is somewhat amusing to see.
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Overall though.. it remains a quiet start to the week.

VIX is holding gains of 2% in the 13.30s.. which frankly.. is a pretty damn low level.
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Notable strength:  copper miners, FCX +3.8%, although the broader trend for ALL miners remains bearish.