Oil continues to suffer the pressure generated by solid evidence of an oversupply and strength of the dollar. Yesterday, the US Department of Energy revealed that last week the oil reserves of the country increased by 4.2 million barrels instead of the 790 000 estimated.
Closed both dax and dow - marginal profit.
Have a good weekend all.
That will be a 50 point rally just after I sold them then.
http://www.marketwatch.com/story/heres-the-big-problem-with-low-interest-rates-2015-11-13
In the U.S., a one percentage-point boost in rates would increase U.S. government interest costs by around $180 billion ....
:whistling
I'm sensing some 'intervention' in Europe to keep the markets positive today.
Lets see how long that lasts.