Reflation trade underway, but oil slide presents a risk – TradeSignaller

Aadil Fazal, Founder, Inter Market Analysis, joined the Tip TV Finance Show to discuss on the reflation trade, the BoE shock, and why the dollar is poised to move higher. Watch as Fazal discusses the outlook ahead for the FTSE 100, S&P 500 and Oil.

Highlights:

“Dollar has lost its post NFP gains which indicates everybody does not believe the Fed would raise rates.”

“FTSE weekly chart – strong resistance around 6870. Given the oil oversupply concerns, the gilts are flying high the GBP/USD is finding support as well and looks like it wants to make higher lows.”

“S&P – interesting as it is starting to stall along with Russell 2000.”