The main focus as we head into the weekend and the G20 meetings is the scheduled meet between US President TRUMP and Chinese President Xi. The meeting, it is hoped, will lay the ground work for an end to the trade dispute between the two countries and facilitate the removal of trade tariffs. ...Read More

The Nasdaq or NAS 100 Index is retracing a part of its move higher from yesterday today. Resistance was found at 6915.00 ahead of the 6920.00 resistance level. Support for the market appears around 6810.00/6800.00 with a loss of this area leading to a deeper pullback. The objective for buyers is to buy the support area and drive price higher to break above resistance. ...Read More

Yesterday’s risk was centred around a move higher in markets and the event that triggered this reaction was the speech by US FED Chair Powell. His comments tempered previous hawkish language that highlighted the FED’s wish to continue with rates hikes into next year. ...Read More