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Today's Market Fundamentals
The morning session was quiet on Friday as the market eagerly waited on the US jobs report, after the January print was such a good one – it was expected that this print would be even better. The number came in at 20,000, which is the weakest it has been in almost 2 years – at first the number the dollar sold off only to recover later in the day. It would seems as though the world is facing an economic cycle of slow growth and the US seems to be projecting stronger growth than the rest.
A lot of Brexit chatter of the weekend, PM May indicated that the UK has put a strong and clear proposal forward. She did throw in the possibility of the UK never leaving the EU if this deal is rejected, it would seem that puts to bed the chance of a second referendum – the people of Britain are getting annoyed though and I still wouldn’t be surprised to see a no deal.
Keep an eye on US politics today as Trump has stated that USMCA (NAFTA) will go to congress this week, the Senate are to vote on his Border Wall and lastly the US – China deal may be formalized soon.
Today's Market Trading Levels
1. UK100 SELL 7185 – 7200
2. DE30 SELL 11575 – 11615
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