Daily Alert: Wednesday 6th December 2017

Mark NugentDaily Alert, Dec 2017

Trading Analysis for Wednesday 6th December 2017

Right now, I’m liking the look of falling equities as this will provide good long set-ups.

Yesterday was pretty much risk off. Equities down everywhere. US 10 Year yield down. JPY flat.

UK Services PMI missed. We await a second PM May/EU meeting, either today or Thursday. The GBP surprisingly resilient considering Monday’s Irish border issue debacle.

Australian Retail Sales missed.

US API weekly crude stocks (Dec 1) -5.481M vs. Exp. -3.4M (Prev. 1.821M). This did not trouble the WTI price one cent.

This morning also looks risk off with global equities gapping down and JPY strengthening.

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