Thursday, 29 October 2015

Pre-Market Brief

Good morning. US equity futures are moderately lower, sp -8pts, we're set to open at 2082. USD is -0.3% in the DXY 97.40s. Metals are flat, whilst Oil is -1.0%.



So... was the closing high of 2090 the cycle peak?

Probably... I shall dare say.

A retrace to around 2000/1980 seems highly probable. Sustained action in the 1900s looks difficult.

Overnight Asia action

Japan: +0.2% @ 18935
China: +0.4% @ 3387... a monthly close in the 3400s remains real close.

Awaiting Q3 GDP data....

8.31am... GDP: 1.5%... a touch under expectations.

The equity bull maniacs will need at least 2.5/3.0% for Q4... but that is a long way out... to be posted in late January.

sp' remains -8pts @ 2082