With US politicians becoming more entrenched and the deadlock continuing, are financial markets too complacent about the possibility of a default?
- US Bonds – yields pulling back on fear of US default – are investors complacent?
- FTSE 100 – very oversold on daily charts and below 200DMA
- DAX – slipping lower and aiming for 8450 as the next support level
- Gold – if we see a break above the trendline we may see a short squeeze
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Video content by Michael Hewson of CMC Markets.
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