With the US shutdown moving into it’s second week, Michael Hewson of CMC Markets discusses the ongoing effects on financial markets.
- Bonds – US yields are falling despite the increasing prospect of a default
- S&P 500 – trading lower to a confluence of support levels around 1665/70
- USD/JPY – a close below the 200DMA may target lows of the summer
- EUR/GBP – resistance at £0.8470 with pound strength on IMF support for UK growth
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Video content by Michael Hewson of CMC Markets.
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