Technical Analysis

Russia to announce one-day true in Ukraine for Orthodox Christmas – report

This weekend is Orthodox Christmas and Russia said it will declare a truce from 1200 on Jan 6 to 2400 on Jan 7, according to Interfax.

This is after Patriarch Kirill — who is Putin’s top priest — called for a Christmas truce.

The market has bounced on this but I wouldn’t take it as a sign of peace.

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