Politico says there will be a shutdown announcement from Trump today There’s also this from Axios’ Jonathan Swan. ForexLive
Closing changes for the main European bourses: The FTSE 100 struggled because of the +0.7% rise in the pound. On the week: ForexLive
Forex news for North American trade on January 25, 2018: Markets: – Gold up $22to $1303 – WTI crude up 45-cents to $53.58 – US 10-year yields up 3 bps to 2.75% The US government shutdown deal gave USD/JPY a brief lift to 109.90 from 109.60 but it eventually gave it all back and the…
Gold up $18 on the day Gold briefly rose to $1300.49 in a rally to the highest since June and a potential break above the recent range of consolidation. A close above $1300 would be key with the June 2018 high of $1311 as the next level to watch.
Fitch maintains German rating There was no chance of a downgrade or cut in the outlook. Germany ran a surplus last year. Fitch said Germany’s fiscal position is expected to continue to improve.
Chief whip says government could re-open deal The next move in the Brexit playbook might be for Parliament to vote for a legally-binding sunset clause in the Brexit backstop deal. This would anger the EU but would bring them back to the negotiating table; or at least that’s what chief Conservative whip Julian Smith has…
Canada’s data has been strong Here’s a look at the economic surprise index from Citi, it measures where economic data is better or worse than expected. At the moment, Canada is on top after strong employment and CPI data.
Canadian budget figures ForexLive
Not much movement at the bottom The pound rose more than 2.5% against the US dollar this week on hopes for a Brexit breakthrough or, at the very least, avoiding a no-deal Brexit. It could all fall apart in a hurry but the bounce in the pound shows how the risks have been tilted towards…
Senate to vote now The House vote will be a voice vote on Friday evening in Washington, according to Fox. A voice vote is the quickest way to pass it and get US workers paid and back to work (for three weeks at least).