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Today's Market Fundamentals
Yesterday was a quiet day, where most pairs traded in a range bound nature, there are plenty of central bank meetings to spice things in the next 2 days so there will be volatility to perhaps give us some opportunity. There is yet another Brexit vote to contend with this evening, and the chat around it is getting interesting. PM May confirmed that discussions with the DUP are ongoing, this is something that we highlighted yesterday – any kind of concession here may just push the deal over the line.
I understand that the deal put to the table would be blocked by the speaker as it is essentially the same vote that was defeated last week – I’m not sure she would have passed it anyway. There is also some rumours that if the EU don’t grant an extension, then an exit with no deal would very much be on the cards – I doubt this either.
Over to the circus that is the UK parliament tonight then.
Today's Market Trading Levels
1. Gold SELL 1308 – 1311
2. Brent SELL 67.70 – 68.00
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