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Today's Market Fundamentals
The market was really active yesterday morning, it may have been traders taking something off the table ahead of the Fed or it may have been some squaring of positions in what is likely the last trading week of the year. I personally think that trading desks decided to take the bull by the horns and start pricing in a dovish tone from the Fed this evening. Expect the market to go into somewhat of a lull this evening ahead of what is bound to be a much anticipated Fed – I do believe that we will get a hike this evening but the language of the statement will be the important factor.
Something to keep an eye on in the coming weeks is the late story to surface on Michael Flynn, the judge has delayed sentencing as Flynn has admitted guilt on lying to the FBI. There is hope that he will continue to cooperate with the Mueller investigation, I hope that this comes to something because the US taxpayer is footing for an investigation that has been going on for more than 2 years.
Today's Market Trading Levels
- DE30 BUY 10710 – 10680
- UK100 BUY 6700 – 6670
- Gold SELL 1250 – 1255
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