Market Update

A lot of noise about US budgets and the war efforts. That might be a reason for a change in theme. US10Y’s about to break bearish trend resistance.

Emerging Market Currencies also making a turnaround, especially EURTRY. EUR and AUD looking strongest.

Stocks totally lacking momentum for three trading days now. Could be in for a couple of weak days.

Oil is at a very important level (bearish trend resistance from July).

Gold trying to break out the 659 resistance zone, clearance of that we shall see a nice steep rally.