By Andrew M Spencer — Jan 10 - 06:45 PM
Steady, inside day after closing -0.25%, capped by firmer USD, UST yields
Hopes for a timely resolution to N.Ireland Brexit impasse fade nL1N33V1HU
DUP and the right wing conservatives remain unwilling to compromise
Expecting a tight Asian range led by the U.S. dollar and risk appetite
Charts; daily momentum studies conflict, 21 day Bollinger bands contract
5, 10 and 20 day moving averages coil, daily signals show no real bias
Monday's close above 1.2110 21 day moving average was a positive signal
Targets 1.2301 upper 21 day Bolli band - NY 1.2110 low is initial support
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Source:
Refinitiv IFR Research/Market Commentary