Unconvinced

May 8, 2014 Good evening, I remain unconvinced that the US$ is out of the technical poop and that we will not see 1.40 against the Euro.   Basically the US$ is not winning against anything except the Euro today…. there has been very little carry over into the other pairs on the back of the $Index rally… View Article

Russian Market +4.50%

May 7, 2014 Russian market and ruble have all strengthened on Putin speaking and saying that Russia has moved its army away from Ukrainian boarder, thinks the presidential election is heading in the right direction and that the referendum in the East should be postponed from May 11th. SBERBANK +9.17% USDRUB – under 35

S&P looking heavy after a strong open

May 7, 2014 Despite a strong bounce from the 1866 the S&P 500 now looks heavy approaching support at 1866. A break below there and we start to eye the 1850 and then 1810.