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FTSE dips despite Glencore surge

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Market action seems a little more circumspect this morning despite a weak Asian session. The firmer yen contributed to the fall back in the Nikkei but the jitters over the demise of oil prices is also holding back any bullish sentiment. Certainly we can attribute much of the equity downside to year end positioning, in fact we saw a similar rout this time last year. The difference between now and then is that the Fed rate hike next week is considered a done deal. Even a small rate hike should

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