Forex Signals Brief for Jan 25: Is There a Brexit Deal in the Making?

The GBP/USD has been drifting higher during Asian trade on the back of a newspaper report suggesting the DUP is prepared to deal on Brexit with PM May.

The UK’s Sun has suggested that Northern Ireland’s DUP, will privately back May’s deal if she toughens up a few different areas.

Of course, May’s first deal got overwhelming rejected recently so this marks some progress going forward.

However, the GBP/USD hasn’t really followed through as yet but will be one to watch as European traders enter for the day.

Forex Signal Update

The FX Leaders Team finished the day four and one in what was another good one for the guys.

[[Oil]] – UK Oil bounced yesterday as we wait on a test of the $60 level.

Gold – Pending Signal

While Gold holds below 1300, we will be looking predominately short. The range has been tight lately, but there have been some opportunities here.

NZD/USD – Active Signal

The Kiwi has bounced nicely off the 0.6700 level and we have now got a little retrace which we are long into.

Cryptocurrency Update

Bitcoin remains under $3,600 and just above the $3,500 level in what is now a tight range.

News yesterday, that one of the leading candidates for a crypto ETF has pulled the pin on the idea made me think that BTC was going to tumble. It didn’t and little has changed it seems. The odds of getting an ETF up appear slim and perhaps that was already priced in.