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UK runs up £12.6bn deficit in November (news:21/12/16)

Today's Press

  • Traders looked ahead toward another possible bid for 20,000 by the Dow industrials while the euro recovered slightly against the dollar despite predictions the 19-country shared currency will fall further in coming weeks.

  • We delve into 2017 trading ideas focusing on the currency markets, specifically the euro against the US dollar being a buy from a good risk/reward setup of 1/3 in what is a very crowded trade right now as we close out 2016, i.e., the US dollar "is the only game in town" trade.

  • Britain’s fiscal watchdog, the Office for Budget Responsibility, has just warned that public borrowing in the final four months of this financial year will be slightly higher than a year ago.

Next trading day's important events

Forex Quotes:

  • USDJPY: 117.22
  • EURUSD: 1.0429

Indices:

  • S&P 500: 2,270.76
  • NASDAQ : 5,483.94

 


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