As the Northern hemisphere is on holiday, the market is on holiday too and it will continue probably until early September.
SP 500 and ASX200 are kind relaxing on a tight range …SP500 could move between 2,2120/2,200 and SP200 between 5,350/5,600
Gold similar pattern…could go down to $1,300…but the pressure is building to go fast in any of the two days. A break of $1,300 or 1,400 will be the catalyst.
Oil, it it stays over $46, in September we could see the 60s (which would be the top for a while).
AUD/USD has an important resistance at 78 cents…after a short retracement we can see a real attack…which will see the real test.
September, as a calendar base month, usually is positive…but that is not a forecast…just a stat.
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