Daily Alert: Wednesday 29th November 2017

Mark NugentDaily Alert, Nov 2017

Trading Analysis for Wednesday 29th November 2017

I re-enter my FTSE250 long after a solid H4 rising candle yesterday morning. The price kept rising to the market close at 1630 GMT. Subsequent news about the Brexit divorce bill settlement was bound to lead to a gap up this morning and it did. Current price equates to around 1 x risk, stop to breakeven.

The Telegraph reported the UK and EU reached an agreement over the Brexit bill and have agreed in-principle to the EUR 60bln financial settlement offer later last week.

The Senate Budget Committee approved the Republican tax reform plan which will now go to the Senate floor to be voted on.

Oil – US API weekly crude stocks (20 Nov, w/e) 1.821M (Prev. -6.356M). (Newswires)

North Korea fired a ballistic missile that landed off waters near Japan, which it later confirmed was a new type and most powerful ICBM named Hwasong-15.

USD up on tax bill news, all US equities make new all-time highs. Equities up around the world. JPY weakens and US 10 Year yield ever so slightly up. Definitely risk-on.

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