Daily Market Report

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Technical Analysis Daily Majors & Minors

If Scotland votes to exit the UK on September 18 the ramifications for GBP will be profound leaving the currency vulnerable to heightened volatility thanks to the ensuing uncertainty. How much will this effect the GBP currency? NZD/USD accelerated to the downside and fell to 0.8230, reaching the lowest price since February 7. Then rebounded to the upside trimming losses. But will this reversal continue.

Quick Daily update

European Union member states formally adopt new sanctions on Russia over the Ukraine crisis, but do not specify when they will come in to force. Bank of England governor Mark Carney has told the UK's trades unions that wages should start rising in real terms "around the middle of next year" and "accelerate afterwards. The TUC is calling for a minimum wage of £10 an hour.

Daily News To Watch

Wednesday, 10th September 2014 Previous Forecast Actual

14:45pm

GBP Inflation Report Hearings

22:00pm

NZD Official Cash Rate 3.50% 3.50%

NZD RBNZ Monetary Policy Statement

NZD RBNZ Rate Statement

NZD RBNZ Press Conference

By Nikhil Pankhania

Senior Market Analyst & Trader

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