Forex Market Outlook 25 January 2019

Market Outlook Commentary – 25 January 2019

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Today's Market Fundamentals

It seems as though a very fickle market has got a little tired of the Brexit headlines and has once again moved on to the debacle in the US. Michael Cohen has postponed his testimony to the House after reported threats on his family by Trump – I wouldn’t call questions to investigators to look into the affairs of Cohen’s family threat unless he has something to hide.

The Democrats have blocked the State of the Union scheduled for next week, the house will not allow it until the government is reopened, the government has gone into day 36 of the shutdown. A bill was rejected in parliament to open the government – this is the first time that the Republicans have backed their leader which means that most are in favour of the wall.

Today's Market Trading Levels

  1. CADCHF SELL                            7490 – 0.7510
  1. EURCAD BUY                              5070 – 1.5040

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