Day Trading 23 June Pre Market

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    Morning all
    Thanks Trees et al

    SPI futures are off 18 points off a slightly negative lead from Wall St, however the spectre of tonights Brexit vote looms over any meaningful direction in markets.

    Earlier markets were positive, the S&P again bouncing off 2100 as upbeat housing reasale data hit a 9 year high, which combined with second quarter trade and retail figures, provided an upbeat outlook to the US economy.
    "Earnings revisions are up, oil prices are at a sweet spot, retail sales have been strong; once you get past this unforecastable event (the referendum), people will put cash to work in the U.S. equity market," said one analyst.
    The Volatility Index VIX closed at its highest level in four months, indicating traders are more willing to pay for protection against a decline in the S&P 500.
    S&P - .2%
    Nasdaq - .2%

    Oil $49.00 - 72c
    Copper, Zinc +.9%

    Gold prices ended the U.S. day session slightly lower Wednesday and notched a two-week low overnight. Some profit taking and position evening were featured. This week’s better risk appetite in the marketplace has been a negative for safe-haven gold. However, with Thursday’s Brexit vote looming, look for sellers in the gold market to become scarce until at least Friday morning.
    Gold $1266
    HUI +3.3%
    AUD Gold $1684

    AUD .7518
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