Wednesday 18 November 2015

Pre-Market Brief

Good morning.US equity futures are a little higher, sp +4pts, we're set to open at 2054. Metals remain weak, Gold -$1, whilst Oil is +0.7%.. ahead of the EIA report.


sp'60min


Summary

We have an especially interesting day ahead. Oil inventories at 10.30am.. with the FOMC minutes at 2pm. Both should get the market moving... one way or another.

A weekly close in the sp'2070s remains very viable... even if we see 2030s at some point today.

The only thing that would be surprisingly would be a break of the Monday opening low of 2019.
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Update from Oscar


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Doomer chat, Hunter with Maloney



Mr M' has some guile appearing as Gold continues to break new multi-year lows. I strongly disagree with much of what he says in this video. There can be no hyper-inflation in the world's reserve currency... and neither is Gold going to 5K, or 50k...any time soon.
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Overnight Asia action

Japan: opened higher, but cooled into the close, settling +0.1%
China: unravelling into the close, -1.0% @ 3568
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Shaky internet.

My main internet connection is increasingly unstable, so if I disappear/late posting today.... that is why. 

Have a good Wednesday