Market Report, Monday 18th August 2014
Technical Analysis Daily Majors & Minors
• EUR/USD saw a new slide once again. But did not really make a substantial
move. The focus is on the PMIs and on Mario Draghi speech in Jackson
Hole. Will we see a further downside trend potential or will there be a reversal
for a rally?
• The pound posted modest losses last week, as the currency continues to lose
ground. GBP/USD closed at 1.6770. It’s a busy week, highlighted by Claimant
Count Change and GDP.
With Consumer Price Index (CPI) results expected to come out this week; will
there be a further downtrend this currency pair?
Quick Daily update
• Islamic State militants in Iraq could grow strong enough to target people "on
the streets of Britain" unless action is taken, warns David Cameron. – Could
this potentially effect Cable (GBP/USD) this week?
Daily News To Watch
No major market news releases today.
By Nikhil Pankhania
Senior Market Analysis and Trader