The Traderszone Network

The plunge in oil prices since mid-2014 has pushed energy-rich Gulf Arab states to rein in lavish public spending.

Philippine President Rodrigo Duterte said on Monday he would visit Russia and China this year to chart an independent foreign policy.

“The market liked the idea of a higher degree of certainty from her policies,” said Chris Weston, chief market strategist at IG Markets.
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The news of Deutsche Bank (DB) breaking well below the Brexit lows can not be comforting for the broader financial community. Today the XLF lost its momentum and dropped to the bottom quadrant. While this is a weekly chart, the first day of the week sent a chilly message. We broke to 2-month lows today and this week is important as it will mark an end-of-quarter and end-of-month close. Having a very weak financial chart is troublesome and the SCTR suggests some caution is warranted after the price failed to breakout above resistance.

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Your economic data/event calendar for today 27 Sept
G’day everyone.
One US election debate down. Two to go. The jury is out so far.
Meanwhile the data outlook is minimal today so we’ll look elsewhere for the inspiration as month-end approaches.

Japanese PM Abe speaking in parliament 27 Sept
– govt will leave mon pol to BOJ
– Kuroda has said its too soon to talk about exit strategy
– decision on 21 Sept was aimed at reaching price target asap
Nothing of note. Just a case of self-defence.