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As expected, the market ceased operation in line with the important events on December 11 and 12 namely the Fed, and the ECB meetings and the Great Britain elections.
Euro's growth has not been canceled.
We hold buy positions from 1.1035 and look forward to new growth.
News: The WTO is on the verge of ceasing.
Out of the three WTO commissioners in the dispute resolution commission, two are to be ousted. The US is blocking the appointment of the new commission members and US President Donald Trump plans to use fees to further advance it's nations interests. Meanwhile, the deadline for the deferred dispute between the US and China is on December 15.
Paris: A meeting was held in the Donbass with the heads of Russia, Ukraine, Germany, and France.
Summary: All parties did not agree on practically anything. The main disputes are the issue of transferring control of the border to Ukraine and the elections in the Donbass. Ukraine insists that control over the border should be transferred first, otherwise it will be impossible to hold elections via European standards, while Putin insisted that the Minsk agreements should hold elections first.
The result: There will be an exchange of prisoners.
There were also disagreements on gas transit and the stumbling block happens to be the decision of the European arbitration court in favor of Ukraine against Gazprom, and that Gazprom owes Kiev $ 2.6 billion. Moscow, on the other hand, is demanding to renounce the claims.
Now we are waiting for the main world events on December 11-12 for the Fed, and the ECB meetings, and the elections in Britain.
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