PPI m/m

Technical Analysis Daily Majors & Minors

  • EUR/USD - The Euro sustains gains against the US dollar post the release of less than forecasts Euro zone industrial production prints. But will we see this movement in todays session?

  • GBP/USD - The GBP/USD pair moved in a price range of less than 80 pips during the last 24 hours. Yesterday found support at 1.5650 and gained momentum, rising toward 1.5740, but 1.5735 again capped the upside. Will we see it rally in todays session?

Quick Daily update

  • A relentless slide in crude prices put energy stocks and currencies exposed to oil exports under pressure on Friday, dampening appetite for riskier assets and underpinning flows into the safety of core government bonds.

  • The Norwegian crown sank to its weakest in more than a decade against the U.S. dollar on Friday, a day after Norway's central bank unexpectedly cut interest rates and as oil prices slid to a 5-1/2 year low.

  • Water bills for England and Wales will fall by an average of 5% - not including inflation - by 2020, the regulator Ofwat rules.

  • The US House of Representatives has passed a $1.1tn budget, hours before government was due to shut down at midnight on Thursday.

Daily News To Watch

Friday, 12th December 2014 Previous Forecast Actual

13:30pm USD PPI m/m 0.2% -0.1%

14:55pm USD Prelim UoM 88.8 89.6

Happy Trading,

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