23 Jan
04:00 PM

Market Talk

EUR/USD reached a low of 1.1335 yesterday with divergence warnings from both MACD and Stochastic. We think the final decline is done and price could be heading higher over the next few days. A move above 1.1390 would confirm the rally and a low in place.

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22 Jan
04:00 PM

Market Talk

UK lawmakers have proposed a bill to block a no-deal Brexit. There would be a Brexit delay if parliament cannot agree on a deal by 26th Feb 2019 by way of Article 50. A "no hard" Brexit is good for Sterling. May's plan B is a backstop framework that would be more palatable to UK parliament. but negotiation could be difficult and success elusive.

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