EUR/USD SHORT TERM TRADER: Small long at 1.1770; stop below 1.1650. Target 1.2000.
EUR/USD POSITION TAKER: Square.
The reign in Spain
Limited to the Castilian plain
Watched by hundreds on massive outdoor screens, live coverage of the Catalan leader’s speech at the regional parliament disappointed many. Signing off a formal declaration of Catalan independence from Spain, saying, ‘I assume the mandate that Catalonia becomes an independent state in the form of a republic. I propose suspending the effects of the declaration to undertake talks in the coming weeks without which it is not possible to reach an agreed solution’. PM Rajoy’s Cabinet meets today and he addresses the Madrid parliament this evening.
Yesterday the Russian central bank banned the websites of exchanges that offer cryptocurrencies. Deputy governor Sergei Shvetsov said, ‘we cannot stand apart. We cannot give easy access to such dubious instruments for retail [investors]. We think that the usage of such cryptocurrencies as an investment object carries unreasonably high risks’.