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Your Morning Quote …

Your Morning Quote …

With UK data printing at its weakest levels since Brexit can Sterling hang onto 1.30?

1.3050, or there about, is the 38.2% retracement of the pre-Brexit high and the post-October flash-crash low. It was mine, and clearly plenty of other trader’s target for a retracement in GBPUSD.

But since bouncing to this level Sterling has …

A dovish Fed lifts stocks and hits the US dollar: Markets Wrap

Dovish FOMC minutes and a gradualist approach to trimming the Fed’s $4.5 trillion balance sheet helped lift the S&P 500 to a record close this morning. At 2404.39 the S&P is up 0.25% after a 6 point gain. The Dow …

Daily Futures Performance

Cocoa dominates the red end of today’s chart. While Nat. Gas and Rough Rice sit at the top.

Here is the Finviz chart as at 8am this morning:

Your Morning Quote …

The Australian dollar found the air too thin above 75 cents – what’s next

The Australian dollar traded to a high of 0.7516 overnight before being chased back to a low of 0.7470 as the US dollar got its mojo back knocking the Euro for six and drive solidly through forex markets.

Exactly why …

Stocks up again as risk appetite returns and the US dollar finds its feet: Markets Week

Stocks are up again this morning as US traders again took the S&P 500 above 2400. It’s dipped a little from there at the close but the overall rally of 0.2% to 2398 leave it just below the record highs …

Daily Futures Performance

Palladium and Orange Juice are at the top of the chart today. While VIX still owns the red zone.

Here is the Finviz chart as at 8am this morning:

Your Morning Quote …

Can Angela Merkel’s comments drive Euro through 1.14

The election of president Trump as US president has been a game changer on many political conversations across the globe.

Whether it is America First, trade relations, getting partners to in NATO – and other alliances – to spend more …