Canada GDP Results

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Technical Analysis Daily Majors & Minors

  • EUR/JPY - Despite its two days of price hesitation, our bias on the cross remains lower on correction. On the downside, support comes in at the 146.00 level where a break could potentially setup further low. But will this actually happen?

  • USD/CAD - The CAD keeps losing ground vs. the US dollar on Thursday, now returning to 1.1335/30 after hitting tops near 1.1360. But how will this pair trade today?

Quick Daily Update

  • Crude oil prices slump in reaction to the decision by the Opec oil producers' cartel not to cut output.

  • The BBC has learned one of the Tesco executives suspended by the company over the £260m profit misstatement has left the company.

  • Regulator Ofgem imposes record £28m penalty on power generator Drab, while InterGen faces an £11m payout, for missing energy saving obligations.

Daily News To Watch

Friday 28th November 2014 Previous Forecast Actual

10:00am EUR CPI Flash Estimate y/y 0.4% 0.3%

13:30pm CAD GDP m/m -0.1% 0.4%

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