Friday, 15 May 2015

11am update - USD back to negative

Whilst equities see continued minor chop - with a likely close in the sp'2120/25 zone, the USD has turned lower, -0.2% @ DXY 93.20s. As a result, the initial downward pressure in the metals and oil has faded, Gold +$1, with Oil -0.8%.




*opening reversal (hollow red) candle in GLD, reflecting the renewed USD weakness.

Well, a day of chop would be pretty natural... considering its OPEX.

For a net weekly gain, bulls need sp >2116.. which happened to this mornings opening minor washout low.

notable strength: NFLX +4.9%... extremely strong underlying strength

weakness: DE, -3.4%... no one seems interested in buying this one today.