FTSE, DAX, DOW Trading Ideas and discussions

A September rate hike is looking less compelling, according to William Dudley, president of the New York Federal Reserve

A voting member of the Federal Open Market Committee, Dudley addressed the Fed's potential tightening—especially considering the recent collapse in U.S. equities and international financial turmoil—in a Wednesday press briefing.

"From my perspective, at this moment, the decision to begin the normalization process at the September FOMC meeting seems less compelling to me than it was a few weeks ago," he said.

"But normalization could become more compelling by the time of the meeting as we get additional information on how the U.S. economy is performing and more information on international and financial market developments, all of which are important in shaping the U.S. economic outlook," he added.
 
inside day today, no LL or HH
if yday close anything to go by then we in for some action bit later
 
yellow cluster area shown

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There we arecluster area hit
 
inside day today, no LL or HH
if yday close anything to go by then we in for some action bit later


Agree with inside day and narrowing into tighter range around 1900.

Should spin-off to one side or other - stating the obvious. (n)


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prev suppor tnow resis on dax, 10050/60 area. small trades from there. if breaks then back to 10100 if holds down to 20
 
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