USD rebound on Greek woes yet again. Greece only has 3 weeks of cash left and that's weighing heavily on the EUR. The USD stays put largely thanks to ECB rate declinations and BOJ devaluations the USD as a powerhouse remains the safe haven of the day whatever is happening in Yemen or other geopolitical hotspots. Remarkable that oil did not soar given the sensitivity of the Yemeni location to one of the world's busiest oil shipping lanes. But no matter what happens even if Iran and Saudi flare up fundamentals are what is driving this market now. With rig cutbacks and inventory pileups oil cannot sustain itself above 50 Dollars for the rest of this year not considering Dollar strength. read on Bloomberg the story on oil fundamentals -
USDX
97.953 -0.006 -0.01%
Support 97.277 Resistance 98.877
EUR
1.08262 -0.00512 -0.47%
Support 1.07680 Resistance 1.09400
Crude Oil
48.52 -0.16 -0.33%
Support 46.93 Resistance 50.03
Gold
1186.180 -6.710 -0.56%
Support 1,171.4 Resistance 1,205.2
Pieter Bergli - DeLoren Trust Holdings
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