Daily Alert: Wednesday 1st November 2017

Mark NugentDaily Alert, Nov 2017

Trading Analysis for Wednesday 1st November 2017

Yesterday saw an improvement to risk sentiment. Although the USD and US equities were essentially flat, the US 10 Year yield rose and the JPY weakened and global equities were all up. I’m calling it neutral/on.

The GBP rose as we move into the BoE’s Super Thursday and on positive Brexit talk where Barnier and the UK team seem to be accelerating negotiations.

The NZD rose on good employment data.

Oil rose on US API weekly crude stocks (23 Oct, w/e) -5.09M (Prev. 0.52M). (Newswires)

Later tonight we have the Fed Funds Rate where no hike is expected.

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