23.01.201902:15 Forex Analysis & Reviews: Trading Plan for 01/22/2019

Theresa May presented to a new plan to Parliament for secession from the European Union, but no reaction followed. The fact is that while nothing is known about its content, and parliamentary discussions are scheduled only for January 29th. Considering that the Parliament was able to see this very "Plan B" only in the evening, they, naturally, did not have time to familiarize themselves with it, so there was no comment from either the opponents of the prime minister or her supporters. But there is no doubt that even before the end of this week they will have time to say so much that it will not seem like a little. Well, in the meantime, taking advantage of the informational silence regarding Brexit or the Shutdown, but also the absence of any macroeconomic data, the dollar continued its creeping strengthening.

Most likely, for the entire day the British Parliament will carefully read the piece of paper that Theresa May gave them yesterday, and so far you can count on the absence of any loud statements. So it makes sense to look at the British statistics on both the labor market and government borrowing. As for the first, then everything is boring, since all the main indicators should remain unchanged. But government borrowing may increase by 1.1 billion pounds, while last month they increased by 6.4 billion pounds. But this negative will be offset by data from the United States, where home sales in the secondary market are likely to decline by 1.2%.

The euro/dollar currency pair is slowly but surely forming a downward movement, reaching the value of 1.1350. Likely to assume a temporary turbulence in the area of 1.1340 for/1,1360 analyzing the fixation point. Otherwise, the amplitude may stretch to 1.1340 / 1.1380.

The pound/dollar currency pair shows a wide amplitude every day, this time rolling away from the value of 1.2830. Probably assume a fluctuation in the range of 1.2830/1.2920, analyzing the price fixing points for entering the market.