Trading Analysis for Thursday 7th December 2017
I enter the FTSE100 long at the close as global equity indices have a good day. It has gapped up this morning.
Yesterday, the USD rises as do most global equity indices. The JPY strengthens and the US 10 Year yield dropped. I cannot get excited about anything I see on the currency markets. It’s a mixed picture so I am saying neutral risk sentiment.
UK PM May is planning to issue a new text on the Irish Border within 24 hours says the Irish Independent.
German SPD leader Schulz is to try and convince his party on Thursday that it has an obligation to discuss forming a government with German Chancellor’s CDU/CSU for the sake of stability in Germany and Europe. (Newswires)
The Bank of Canada keeps interest rates unchanged and reiterates that higher rates will likely be required over time, and that it will continue to be cautious. The CAD falls.
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