IBM Profits Fall

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Technical Analysis Daily Majors & Minors • USD/JPY is trading at 106.90, up 0.00% on the day, having posted a daily high at 107.41 and low at 106.79 based on the previous days analysis. Will we see this continue today?

Quick Daily update • House movers remain delayed after the Bank of England stopped an automated system that transfers billions of pounds between banks. • The housing market is "sitting on a plateau", a lenders' group has said, despite renewed competition between providers on mortgage rates. • IBM is paying $1.5bn to offload its loss-making chip manufacturing division to Abu Dhabi's GlobalFoundries as it announces a 17% profits fall.

Daily News To Watch Tuesday, 21st October 2014 Previous Forecast Actual 3:00am CNY GDP q/y 7.5% 7.2%

By Nikhil Pankhania

Senior Market Analyst & Trader

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