Friday, 8 April 2016

Pre-Market Brief

Good morning. US equity futures are moderately higher, sp +11pts, we're set to open at 2052. USD is +0.1% in the DXY 94.50s. Metals are cooling, Gold -$8, with Silver -0.1%. Oil is +3.3% in the $38s.



So, we're set for an annoying open.... back in the 2050s.

Such gains will be highly vulnerable to fading, and I expect a net daily decline.

Unless we close <2025... I will hold short across the weekend, and wait for a better exit on Monday.

Update from Oscar


News chatter from Hunter


Overnight action

Japan: +0.5% @ 15821
China: -0.8% @ 2984
Germany: currently +1.1% @ 9636

Have a good Friday