Japan Bank Holiday

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Technical Analysis Daily Majors & Minors

• The EUR/USD is now hovering over 1.2850/60, looking to consolidate intraday gains after bottoming out around 1.2820. But will this actually rally?

• Last week, Cable unfolded towards the upside confirming the alternate count and target was reached, soon after Cable continued moving towards the upside invalidating the alternate count. But how will GBP/USD trend for the week?

Quick Daily update

• Labour makes £8 minimum wage pledge by the end of the next parliament if Labour wins the general election, Leader Ed Miliband Promises. This could potentially be very good for people looking for work as more jobs will need to be created to accommodate the rise in wage. But the real question is will this actually happen and who will you be voting for in the next general election as result?

• Alibaba shares closed significantly above their initial price on the New York Stock Exchange on Friday; but will this continue?

Daily News To Watch

Monday, 22nd September 2014 Previous Forecast Actual

9:00am

EUR ECB President Draghi Speaks N/A N/A ?

9:45pm

CNY HSBC Flash Manufacturing PMI 50.2 50.0

All Day bank holiday in Japan.

By Nikhil Pankhania

Senior Market Analyst & Trader

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