Daily Market Report

Technical Analysis Daily Majors & Minors

• US traders are filtering into their desks this hump day to see some broad

bullish price action for their home currency. With the exception of the pound,

which has been supported by a hawkish "mutiny" in the most recent BOE

minutes, all major currencies are falling against the US dollar. Will this


Quick Daily update

• Labour pledges to give a new regulator the power to remove energy firms'

licences, if it wins the next election.

Daily News To Watch

Thursday, 21st August 2014 Previous Forecast Actual

8:00am EUR French Flash Manufacturing PMI 47.8 47.9 46.5

8:30am EUR German Flash Manufacturing PMI 52.4 51.7 52.0

9:30am GBP Retail Sales m/m 0.1% 0.4% 0.1%

13:30pm USD Unemployment Claims 311k 302k

15:00pm USD Existing Home Sales 5.04M 5.01M

USD Philly Fed Manufacturing Index 23.9 19.7

By Nikhil Pankhania

Senior Market Analyst & Trader

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