Daily Market Report

Technical Analysis Daily Majors & Minors

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

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