Wednesday, 19 December 2012

Pre-Market Brief

Good morning. Futures are moderately higher (again), sp is +4pts, we're set to open around 1450/51. The dollar is still weak, with the Euro naturally higher. The near term trend equity remains up, with empty air to the mid-Sept' high of 1474.




Another day closer to Christmas, and the low as it is, means those algo-bots can easily melt this market higher - unless a surprise news story upsets Mr Market.

Lets see if any definitive news on a fiscal cliff agreement appears today.

The clock IS still ticking, and from what I gather, it all needs to be wrapped up by tomorrow, or certainly by Friday.

*Gold bugs are going to be annoyed again, Gold is already -$6, and thats with a weak dollar! If the dollar does 'somehow' turn back upward, then the metals will come under even further pressure.