"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •15 mins | 2,325.00 | +0.80 | +0.03% |
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Platinum •15 mins | 986.90 | -1.50 | -0.15% |
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WTI Crude •10 mins | 78.04 | -0.34 | -0.43% |
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Gasoline •11 mins | 2.525 | -0.018 | -0.72% |
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Ethanol •6 hours | 2.161 | +0.000 | +0.00% |
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Silver •15 mins | 27.59 | +0.04 | +0.15% |
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Silver • 15 mins | 27.59 | +0.04 | +0.15% | |
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Copper • 15 mins | 4.569 | -0.037 | -0.80% | |
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Brent Crude • 10 mins | 82.77 | -0.39 | -0.47% | |
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Natural Gas • 10 mins | 2.210 | +0.003 | +0.14% | |
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Heating Oil • 10 mins | 2.452 | -0.014 | -0.56% |
An economic slowdown in many…
Stocks sold off last week…
It’s a mistake to view…
AUD/USD is still bouncing back from resistance given at 0.7145 (24/05/2016 low). A short-term bullish technical structure dominates. Local support is given at 0.7331 (yesterday low). Expected to see further strengthening.
In the long-term, we are waiting for further signs that the current downtrend is ending. Key supports stand at 0.6009 (31/10/2008 low) . A break of the key resistance at 0.8295 (15/01/2015 high) is needed to invalidate our long-term bearish view.
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