Anyone scalping the FTSE Futures??

Scalp sells only
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As much as the day's data schedule looks busy, in principle it will amount to little more than digesting China and German Trade data ahead of the dubious value added of the Eurozone Sentix Investor Confidence survey. By contrast, there is a deluge of ECB, BoE and Fed speakers, as is the case all week, and the luminaries of OPEC and major oil companies will also be among the headline makers as the ADIPEC Strategic (oil market) conference gets under the way. On the earnings front, Softbank, Infineon, McDonald's, Occidental Petroleum and Zoom will likely feature quite heavily. The post US election risk buying frenzy continues, and the its quantum in terms of being indiscriminate is no better exemplified than by the sharp rally in the Turkish Lira following the resignation of the central bank governor on Friday and the Finance Minister. Without wishing to pre-judge the talents or abilities of either of the new incumbents, neither can wave a magic wand to make the political clouds (domestic & international) that hang over the economy, nor the dire external liabilities described below in the week ahead preview.

From Marc Ostwald
 
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