Daily Market Report
Technical Analysis Daily Majors & Minors
GBP/USD’s recovery has faulted as the appearance of a Shooting Star formation warns of a further correction. But will this actually happen?
USD/CAD has mounted another assault on the 1.0900 handle, which follows the emergence of a Hammer formation. A daily close above the psychologically-significant handle could prompt a run on the recent highs near 1.0980. But will this high continue?
Quick Daily update
European stock markets are up a shade as we expect central bank monetary policy decisions on Thursday.
FTSE 100 index rose 0.07% to 6,833.65 points
Germany's DAX 30 index gained 0.36% to 9,541.02 points
France's CAC 40 added 0.37% to 4,394.66
Credit Suisse is investigating two of its traders in London over allegations of misconduct.
The UK edges up the World Economic Forum's worldwide rankings, but the group warns that the health of the global economy is at risk.
Daily News To Watch
Wednesday, 3rd September 2014 Previous Forecast Actual
09:30am GBP Services PMI 59.1 58.6
15:00pm CAD BOC Rate Statement
CAD Overnight Rate 1.00% 1.00%
By Nikhil Pankhania
Senior Market Analyst & Trader