The news from the US was pretty tidy stuff yesterday. The recovery there is ongoing and yet the Fed hasn’t added to fears that it will lower its money-printing efforts sooner or more aggressively than expected. While the DAX and FTSE enjoyed a bit of a boost from yesterday’s newsflow, neither has yet decisively broken the deadlock of recent days. I am still forecasting them to do so before long, but am not jumping the gun here. There are very few glaring day-trades on offer right now, either in the indices or in EURUSD, for example. I am bullish, but still waiting for a clearer entry, therefore.
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