Day Trading 27 June Pre Market

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    Morning all
    Thanks AM crew

    The SPI shows a 3 point lead this morning, but markets are surely braced for further volatility ahead following Fridays wild wild ride around the globe.

    The $2.08 trillion wiped off global equity markets on Friday after Britain voted to leave the European Union was the biggest daily loss ever, trumping the Lehman Brothers bankruptcy during the 2008 financial crisis.
    Markets in mainland Europe were hit the worst, with Milan and Madrid each down more than 12 percent for their biggest losses ever. Britain's benchmark FTSE 100 was down nearly 9 percent at one point on Friday, but rallied to close down 3.15 percent.
    The route started in Asia, with the Nikkei down 7.9 percent, and carried over into Wall Street as the S&P 500 fell 3.6 percent.
    Mohit Bajaj, director of ETF trading solutions at WallachBeth Capital LLC in New York, said the severity of the sell-off was partly due to investors misreading the outcome and betting the wrong way.
    "People positioned themselves longer because they thought the market was going to pop," he said. "We knew that we were going to sell off pretty hard and people were kind of shocked by the market."
    In dollar terms, Friday's loss overtook the previous record from Sept. 29, 2008, the day when Congress rejected a $700 billion bailout package for Wall Street during the financial crisis. On that day, global markets lost $1.94 trillion.
    US markets are negative for the year following Fridays rout.
    US, Dow -3.4%, S&P 500 -3.6%, Nasdaq -4.1%
    Europe, Stoxx 50 -8.6%, FTSE -3.2%, CAC -8%, DAX -6.8%

    Brent crude -4.9% @ $48.41
    Iron ore -2.5% @$50.61

    Adrian Ash, head of research at Bullion Vault, said in an email to ***** News at within the last 24 hours his company has seen “crazy” demand from its U.K. clients as they have bought a combined total of £1 billion in gold bullion. U.K. residents now hold more gold than “most of the world’s central banks, and more than all but the world’s 11 largest ETPs,” he said.
    Gold $1315
    HUI +6%
    AUD Gold $1772

    AUD .7452

    Have a good day
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