Markets in holiday mode

Posted: August 18, 2016 in Uncategorized

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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