What's Hot - 2.9.2015

Market sentiment today is not looking favourable for continuation trades, in line with dominant trends. Many people are "relieved" that China bourses are closed and we also have NFP tomorrow, so much will likely depend on the colour of US data this afternoon. Comm-dolls have all had better fundamental data to feed on, and yet remain weak. The focus is obviously on Crude/China for now.

That said:

- Dax is still poised for further losses unless we hurdle yesterday's high;
- AudUsd has tagged the option barrier and prior (longer term) support level at 0.70 and many
analysts are now calling for a bounce. So anyone short this week will need to manage their trades
accordingly.
-  UsdCad momentum is back to the upside in line with the broader trend. Further losses in Crude will push us higher.
- Crude looking weak still...stops a plenty below the Overnight low which might induce a further decline if triggered.

Charts for today: