The Fed confirms a more cautious outlook on interest rates, the Dow gets an expensive hiccup of -117.16 points -0.65% to 17959.03 and the Dollar charge sneezes and grounds to a halt after briefly touching a 12 year high over the 100 mark. Oil of course we know the fundamentals at work; there simply is too much production, too much stored and weak demand for processing. Bond yield differentials will keep propping the Dollar and the charge this week leads to a slight pause and retracement of 0.1% and gold doesn't really have a leg to stand on so long as the fundamentals of a divergent US vs Euro land, and Japanese economies keep the demand for US fixed income products buoyant. U.S. crude had dropped to a six-year low of $42.03 a barrel this week and their are fresh calls for shorting the crude allbeit at a significantly more gingerly pace than the last onslaught to drive the crude form 100 to 40.
99.091 +1.271 +1.64%Support 96.505 Resistance 101.305
EUR
1.064940 -0.017880 -1.65%
Support 1.04303 Resistance 1.10423
Crude Oil
45.59 -1.06 -2.26%
Support 43.66 Resistance 47.74
Gold
1171.635 -0.025 -0.00%
Support 1,149.8 Resistance 1,186.6
Pieter Bergli - DeLoren Trust Holdings
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