29 Jan, Daily Pre-Market Report
S&P Futures (ES) failed at the 50 day ema, we advise not to initiate any positions as US GDP data for the 4th quarter of last year is released today and the consensus is that growth was 4.5%, this figure is always volatile and generally it is revised. eurjpy is weaker again, we use this forex cross as a leading indicator for the global equity markets and at present things look bearish short term.
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