Daily Market Report

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Technical Analysis Daily Majors & Minors

• For over two weeks now, EURUSD has frustrated both bears and bulls. After

shedding 300 pips in July, the pair has now been contained to just a 110-pip

range for over half of August. The recent price action has been particularly

exasperating, but a developing technical pattern suggests that we may see a

breakout and the return of volatility this week?

• USD/JPY - Dollar Firm As Markets Eye US Inflation Releases. The US dollar

has posted slight gains on Monday, as USD/JPY trades in the mid-102 range

late in the European session.

Quick Daily update

• The EU announces emergency funding of 125m euros (£100m) for fruit and

vegetable growers hit by Russian sanctions targeting Western food.

Daily News To Watch

Tuesday 19th August 2014 Previous Forecast Actual

9:30am GBP CPI y/y 1.9% 1.8% 1.6%

13:30PM USD Building Permits 0.97M 1.00M

USD CPI m/m 0.3% 0.1%

USD Core CPI m/m 0.1% 0.2%

By Nikhil Pankhania

Senior Market Analysis and Trader

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