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

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