Market Overview
- The Dow Jones Index has jumped to another record high Monday.
- Saudi Arabia look to flood the market with cheap oil.
- Irael’s Netanyahu announced to the US they will strike Iranian military targets not Nuclear or oil.
- Fed members spoke Monday with the consensus being the labour market remains strong as the Fed make inroads into inflation.
- We see USD/JPY bias to the downside with the Ishiba govt snap election looming 27th October.
- The US Dollar (USD) has been the best performing currency in the past week with the Canadian Dollar (CAD) the worst performing.