Peace negotiations between the US and Iran are progressing well and oil prices are tumbling fast. The energy crises appears to be coming to an end and attention now turns to economic matters. Overpriced ‘Chip Shares’ are under the hammer once again, putting pressure on equities and more particularly the ‘Tech Sector’. The safety of the US Dollar has also increased flows, with the EUR falling below 1.1400, while the GBP surrendered 1.3200.The surge in the reserve hit commodity currencies hard, with the AUD crashing back towards 0.6900, while the NZD looks to be headed back to 0.5650. Uncertainty and fear drives attraction to the safety of the US Dollar.
