Falling oil price revives the S&P.

The decision by Saudia Rabia to cut the price of oil has brought a sense of calm to the market, Because lower oil prices will take pressure off inflation. The S&P is recovering from last week's losses, the US 10year yield is falling and the USD is loosing ground. This bodes well for the resumption of the 'soft landing' trade. Although I'm not comfortable placing a trade today. Firstly, I don't like placing trades solely based on an oil event, the price can be very volatile and can reverse as quickly as it went down. Secondly, even if I felt it was a good enough fundemental reason, the USD is currently at 4hr resistance Vs the AUD, NZD and GBP. which would put me off placing a trade. But if the 'low inflation' sentiment remains, the S&P remains bouyed, the US 10year remains subdued below 4%. The USD should break through that 4hr resistance and I would be very comfortable with a short dollar trade. But for now, my current 'decision' is to assess the situation tomorrow.