US30 End of rising momentum
Data released earlier Thursday showed that Britain ran up a higher-than-expected budget deficit in November, adding to the strain on the public finances and underscoring the limited room for pre-election tax cuts by Prime Minister Rishi Sunak's government.
The main economic data release Thursday, however, will come from across the pond, with the U.S. economy expected to post 5.2% year-on-year growth in the third quarter.
Additionally, Friday sees the U.S. core PCE price index reading, the Fed's preferred measure of underlying inflation, where another slowdown is expected.
SELL
US30
zone 37300
-TP : 36900
-TP : 36500
SL : 37700
The main economic data release Thursday, however, will come from across the pond, with the U.S. economy expected to post 5.2% year-on-year growth in the third quarter.
Additionally, Friday sees the U.S. core PCE price index reading, the Fed's preferred measure of underlying inflation, where another slowdown is expected.
SELL
US30
zone 37300 -TP : 36900
-TP : 36500
SL : 37700
