The Brent Crude Oil chart shows the drop under the moving averages last week and the finding of support at 58.390. This has created a bounce from that support that has run into resistance at 61.380. ...Read More

Focus has shifted somewhat to the Italian Budget deficit today. The EU is unhappy with the level of the deficit built into the Italian budget and would prefer Italy to bring it closer to 2%. The EU has announced that it is in the process of implementing Excessive Debt procedures against Italy, if it does not comply with EU rules. ...Read More

The sentiment this morning is mixed after some nice gains for markets yesterday. The markets have taken their foot of the pedal a little overnight as US President Trump made comments on Brexit due to his meeting with Chinese President Xi at the weekend. President Trump said that he was unlikely to hold off on increasing tariffs to 25% on $200B of imports. ...Read More