I've mentioned before i think last week that i'm not expecting much movement this week. Though i'm expecting some corrections in general stocks markets but we will need to pay attention to oil prices as oil prices might push markets up due to oil and gas industries.
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As hurricane season starts , we might see more upside on oil and related commodities. But it pens down to the fear on the market.
Was reading somewhere on Iran's oil not being able to export due to rising prices of crude. Thus higher oil prices are forcing refineries doing heavy crude to shut down as they are operating at a loss. It seems like iran has its oil parked on its tankers with no buyers. We might see oil prices dropping if Iran is willing to let go at a lower price.
So do pay attention to oil volatility. It would apply for commodities like gold as well.
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I'm pretty bearish on Aussie as retail numbers start to show slowness in growth which might be advance warning that the commodity growth might not be good for everyone in aussie.