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Today's Market Fundamentals
The focus remains on US politics, there is of course the ongoing trade talks between the US and China which after sounding positive on Thursday, the news seemed to be simmering until we got some late news that both parties would be working towards a memorandum of understanding in order to “seal the deal.”
Both parties will continue talks in Washington next week, Trump seemed to be in a pacifying mood on Friday when he commented that he may include Democrats in trade talks – I have no doubt that this a ploy to get something else. Later on in the evening Trump declared a national emergency on borders – the estimated amount he will get is close to $ 8bln, this is undoubtedly going to be challenged in court and so I suspect that this may have a long way to go.
Today is a holiday in both the US and Canada and so it could be quiet in the afternoon session, as usual though – keep an eye out for that Trump twitter account.
Today's Market Trading Levels
- DE30 SELL 11330 – 11360
- UK100 SELL 7240 – 7270
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