Daily Alert – Thursday 30th September 2021: US debt-ceiling crisis averted
The politicians in Washington have extended the debt-ceiling until the 3rd of December, averting a government shut-down, at least for a while. It’s amazing what these people can do when they are being directly fingered as the cause of a stock market slide. Money talks.
My GBPUSD moved down nicely yesterday. I exited half the trade at the close and placed the stop loss just above the recent high. This morning’s stellar UK GDP number (+5.5% vs an expectation of -1.5%) has caused a brief upswing in the GBP, taking the second half of my trade out. All told, the trade will make around 2 percent.
Today is the last day of the month and quarter. We have US GDP and Euro Zone inflation later, and US inflation tomorrow.
I’ll be back tomorrow with brief videos of all trades closed in the week.
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