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14.02.201911:59 Forex Analysis & Reviews: US Shutdown will not postpone Brexit

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The Democrats won, therefore, President Trump conceded to Congress. He will sign a compromise budget and there will be no shutdown after February 15.

Brexit: Today, a new vote in the British Parliament agreement with the EU but there is not much hope for the approval of the agreement. The next vote is already announced to be on February 27. Britain will most likely ask the EU to delay the withdrawal from the EU and will receive a delay.

This is generally positive.

Negative: The latest industry data from the EU and Germany is very weak. In Europe, there was clearly a sharp slowdown.

In euro, there will be an out of range movement but the direction is not yet determined.

When the price goes down, we sell from 1.1245.

When the price goes up, we buy from 1.1345.

Exchange Rates 14.02.2019 analysis

Jozef Kovach
Analytical expert of InstaForex
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