Daily Market Report
• 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