Trading Analysis for Wednesday 13th December 2017
Yesterday saw UK CPI move to 3.1% vs an expectation of 3.0%.
Oil rebounded after the latest API inventory report showed a larger than expected drawdown in headline crude stockpiles (Dec 8 -7.382M vs. Exp. -3.800M).
In the US, the Republican’ US Senate majority was trimmed to 51-49 seats after Doug Jones won the race to be Alabama’s first Democratic Senator in 25 years.
Later today we have, in the UK, Average Earnings and in the US, CPI and the Fed Funds Rate.
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