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Ben Le Brun discusses today’s market action 24-May.
Yes I have been reading a trifle about how some acclaimed currency traders are calling the end of the Aussie dollar. Talking up their own book me thinks.
Aaron Lynch takes a look at the markets as they traded this week and how this could present opportunity for the coming week.
Watching markets oscillate through varying degrees of confidence over the past week has been particularly interesting, as China’s economic performance began to tip the scales of bearishness, followed by today’s rather disappointing housing numbers. Yet, in the midst of what would have once been seen as ‘market turmoil’, markets continue to defy gravity.
Markets the world over are showing amazing resilience. It is not so much that there is strong buying – oops I have missed the train and I must get on board – but rather there is just no selling pressure.