German ZEW Economic Sentiment
EUR/USD - The Euro climb higher against the greenback during the European session on better than forecasts Germany’s manufacturing activity report. But how will it trade in todays session?
GBP/USD - The British pound jumped against the US dollar after witnessing a sharp drop immediately after the release of UK price pressures print which slowed to the lowest level since September 2002. Will we see a further fall in price in todays session?
Quick Daily update
A plunge in oil below $60 and the failure of an emergency interest rate rise to stabilise Russia's rouble sent another shock through global financial markets on Tuesday, adding to a growing sense of crisis in a volatile end to 2014.
A sharp overnight rate hike failed to ease pressure on the ruble on Tuesday, as the market continued to test the central bank's resolve to defend the currency and piled more pressure on Russia's faltering economy.
The yen hit a one-month high against the dollar and the euro on Tuesday as investors bought safe-haven currencies amid a slide in oil prices that has triggered a bout of volatility across asset classes.
Cheaper fuel prices have pushed the UK's rate of inflation down to a 12-year low, official statistics show.
Daily News To Watch
Tuesday, 16th December 2014 Previous Forecast Actual
10:00am German ZEW (EUR) Economic Sentiment 11.5 19.8
13:30pm Manufacturing Sales m/m(CAD) 2.1% -0.4%
Building Permits 1.08M 1.06M