Global markets continue to unfold according to our "Grand Bull Market" says Clifford Bennett of Herston Economics. The US dollar remains on the main stage, although the Euro has grabbed the centre, and is likely to continue to make strong gains throughout the year. ECB President Trichet may well follow through on yesterday's comments and hike by 25 points at the next meeting.

Gold may be a little soft as possible good news comes out of Libya, while oil remains strong regardless. Even the dip in Gold is a buying opportunity says Bennett. Overall our bearish US dollar bullish equity market view continues to deliver rewards. The Australian dollar is likely to have a sharp up move soon as well. For our full report go to Herston Economics,

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Clifford Bennett
Herston Economics

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