* CAD, AUD and GBP are making gains to the upside whilst the dollar is sinking ahead of the FOMC minutes * WTI futures traded back above the $50 handle in early trade today, and finds short term support at
Equities have had a bounce! There's maybe some technical reasoning here. The 100 daily exponential moving average has shown some support. TradingView [Tradingview.com]I'd argue though that it's more to do with weakness outside of the US
The dollar has had an unreal day of it with the dollar index approaching 94.00. TradingViewEURUSD, USDCAD, USDJPY and GBPUSD have all found themselves approaching key levels which have either been broken (USDCAD), have failed (USDJPY), or
There's a belief that every so often, investors will rotate from stocks that have outperformed the broader market... And move into those that have traditionally underperformed.
