Tuesday, 2 June 2015

11am update - real twitchy

A minor up wave in the US equity market (for no apparent reason).. and most indexes are only fractionally lower. Regardless.. the market remains twitchy.. highly susceptible to sporadic Greek news. USD remains significantly weak, -1.3% @ DXY 96.10s. Gold is holding moderate gains, +$5.


UUP, daily2


A core issue remains.. will the USD see another down wave before beginning the hyper-ramp to the DXY 120s?

Best guess?    Yes.. although we might briefly see 98/99s within the near term before the Greeks agree to kick the can into July.

notable strength: oil/gas drillers, RIG/SDRL, both higher by around 5%

time for an early lunch