- Jonathan Poyer
Oil Down & DXY Up
Oil got crushed on Friday, falling nearly 5% or $4.06/barrel to end the day at $79.43. To start this week (9/26) oil continues to fall trading at $78.36. CNBC this morning shows oil trying to dip below $78.
On the other hand, the DXY has risen up to $114.52 from $113.20.
The pound is now trading at a record low relative to the USD.
Global markets are not going to sit tight and just let this happen. I feel some market manipulation coming on and that never works over the long-haul.