Market Commentary
The EUR is now beginning to shrug of most concerns about its Greek partner and its debt woes. All permutations of a Greek implosion, plus the QE program have already been priced into the market. so the shorts will have a much harder time now pushing the price action towards Dollar parity. Expect greater volatility with increased likelihood of pullbacks in shorter time frames either way. Profit taking has been weighing in on the US DX recently. Gold will have trouble pushing through the 1300 and Oil has racked up an incredible 9% return in the last 3 sessions with the IEA predicting that Oil should stabilize at $55 for the balance of this year.
US DX
94.516 +0.005 +0.01%
Support 94.131 Resistance 95.261
EUR
1.133305 -0.000435 -0.04%
Support 1.12383 Resistance 1.14143
Crude Oil
52.33 -0.53 -1.01%
Support 50.49 Resistance 55.17
Gold
1238.600 +1.590 +0.13%
Support 1,230.6 Resistance 1,249.0
Pieter Bergli - DeLoren Trust Holdings
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