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Today's Market Fundamentals
It is always tough to read the markets on the Tuesday after Easter, with most of the global financial centres enjoying a four day weekend – the day is often met with some indecision. This was evident yesterday when the market made some inroads in the morning session but then retraced everything in the afternoon to end the day flat.
It seems as though Donald Trump has put the EU in a bit of a tight corner as the common area believe that positive growth can only be achieved if trade conflict is resolved. This includes the trade spat between the US and China as well as a positive outcome in the Brexit saga. The US have also raised the odds by promising to sanction any country that buys oil from Iran – eyes will turn to Saudi Arabia to see if there is going to be an increase in oil production.
I choose to look at EU indices today, both the DAX and FTSE have been on a tear over the course of 2019 and both seem to be slowing somewhat in momentum.
Today's Market Trading Levels
1. DE30 SELL 12230 – 12260
2. UK100 SELL 7520 – 7540
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