Daily Market Report
The USD/JPY failed to sustain gains above 104.00 and retreated to a low of 103.74
before the pullback was contained and was confined to a phase of consolidation. But
will it continue?
Quick Daily update
Amazon buys video-game streaming service Twitch for $970m (£585m), surprising
many after rumours emerged earlier this year that Google's YouTube was in final
stages to purchase the firm.
Service sector business growth slowed in the three months to August, a CBI survey
indicates, although it says firms are planning "robust" investment.
Mozilla, a company best known for its Firefox browser, launches its first low-cost
smartphone in India, retailing for 1,999 rupees ($33; £19.9).
Daily News To Watch
Tuesday 26th August 2014 Previous Forecast Actual
13:30pm USD Core Durable Goods Orders m/m 0.5% 1.9%
15:00pm USD CB Consumer Confidence 89.1 90.9
By Nikhil Pankhania
Senior Market Analyst & Trader