A week where markets were dominated by Geo-Politics and Politics. US markets were unsettled by revelations of an investigation into the Federal Reserve Chairman, by the DOJ. This is completely unprecedented and does not go far enough, where a complete audit and nationalisation of the Federal Reserve, is required. Iran, Greenland and Venezuela dominated the Geo-Political playing field. These will continue to impact market direction and more especially oil prices. The US Dollar remains bid, with the EUR slipping below 1.1600, while the GBP trades under 1.3400.Commodity currencies struggled under the reinvigorated reserve, with the AUD falling below 0.6700, while the NZD attempts to hold 0.5750. A busy week in markets is expected this coming week with NZ CPI Q4 Inflation and Australian Employment data, to be released.
