Wednesday, 2 December 2015

11am update - sunshine ahead of the Yellen

US equities are seeing continued minor chop ahead of Yellen, whom is due to have a polite little chat at the Economic club of Washington. Mr Market will most certainly be listening. With the USD +0.5% in the DXY 100.30s, commodities under pressure, Gold -$12, whilst Oil is trying to rally off the lows, -1.2%

GLD, daily

USO, daily2


It is certainly no surprise to see commodities under USD pressure.

Cyclically, metals/oil are both due an up cycle.

For oil, the OPEC meeting this Friday will offer a viable excuse to break upward.

meanwhile.. here in London city....

A very reasonable late afternoon for early December.

back at 12pm... for the Yellen, whom I believe will get live coverage on clown finance TV.