Markets today – 24 Dec

Only big issue of the day is the ongoing fiscal cliff talks in the US.

Low volume in the markets (some of them are closed) make for an unfavorable environment to open any new positions.

In some cases even bid-ask spreads increase exactly due to this lack of liquidity.

Serious players do not even day trade in the last trading days of a year.

Howver, I dont expect any major movements today.

EUR/USD over 1.32, FTSE-100 unchanged and S&P futures 6 points lower, Gold slightly up at 1665 as of this writing.

Petros