Thursday, 31 March 2016

Pre-Market Brief

Good morning. US equity futures are fractionally lower, sp -1pt, we're set to open at 2062. USD continues to cool, -0.3% in the DXY 94.50s. Metals are back on the rise, Gold +$8. Oil is broadly flat in the $38s.



*awaiting the Chicago PMI.. due at 9.45am.

Not much to add.

Cyclically, downside pressure should (in theory) increase across today.

Since it is end month, price action will be more dynamic this afternoon. Further, with the jobs data tomorrow, I am somewhat suspicious that there will be some 'cautious selling' into the close.

Overnight action

Japan: weakness into the close, -0.7% @ 16758
China: micro chop, +0.1% @ 3003
Germany: currently -0.6% @ 9987

Have a good Thursday