OPEC Meeting

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Technical Analysis Daily Majors & Minors

  • AUD/USD - is trading at 0.8550, down 0.00% on the day, having posted a daily high at 0.8553 and low at 0.8547. But will we see a downtrend movement today?

  • EUR/USD - rose 90 pips from 1.2440 to break above the 1.2500 area and to trade at highs since November 11 at 1.2530 during the American morning; however, the pair found selling interest at this level that sent it back to test the 1.2500. This level contained the decline and now the cross looks ready to set new highs. But will this crossover occur?

Quick Daily Update

  • About 1.5 million gas customers with pre-payment meters have been overcharged because their meters are faulty, the industry has admitted.

  • The price of oil has fallen as Opec oil producers prepare for their meeting on Thursday and data shows crude stocks rose last week.

  • In an exclusive interview, Thailand's Finance Minister Sommai Phasee says that democratic elections could be delayed and not occur for another 18 months.

Daily News To Watch

Thursday 27th November 2014

Previous Forecast Actual 0:30am AUD Private Capital Expendtiure q/q 1.1% -1.7%

All Day EUR German Prelim CPI m/m -0.3% 0.0%

All Day ALL OPEC Meeting - -

Thank you & Happy Trading

Forex Masters www.FXMasters.co.uk

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