CPI m/m

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Technical Analysis Daily Majors & Minors

  • GBP/USD - lost bullish momentum during the last hours and particularly after Wall Street opening bell and trimmed gains. The pair failed to hold above 1.5740 and dropped to 1.5723. Currently trades at 1.5725, a hundred pips above the level it had at the beginning of the day. How will this pair trade like in todays session?

  • USD/CAD - is trading at 1.1630, down -0.22% on the day, having posted a daily high at 1.1675 and low at 1.1606. But how will this pair move for the rest of day?

Quick Daily update

  • Oil prices pared losses and global equity markets rebounded on Tuesday as investors snapped up beaten-down energy stocks and wagered the U.S. central bank will express caution in the midst of raging market turmoil sparked by crude's collapse.

  • U.S. housing starts fell in November as groundbreaking for single-family homes declined after two hefty increases, in what appeared to be a brief pause in a gradual recovery trend.

  • The rouble crashes to new record lows in Tuesday trading, hitting 79 roubles to the dollar, despite a dramatic rise in Russian interest rates.

  • Lastminute.com, the firm which came to fame at the height of the dot.com boom, has been sold to Swiss travel firm Bravofly Rumbo for $120m (£76m).

  • The price of Brent crude oil has fallen below $59 a barrel for the first time since May 2009.

Daily News To Watch

Wednesday, 17th December 2014 Previous Forecast Actual

09:30am GBP Average Earnings Index 3m/y 1.0% 1.3%

GBP Claimant Count Change -20.4k -19.8k

13:30pm CAD Wholesale Sales m/m 1.8% 0.9%

USD CPI m/m 0.0% 0.1%

USD Core CPI m/m 0.2% 0.1%

19:00pm USD FOMC Economic Projections

USD Federal Funds Rate <0.25% <0.25%

19:30pm USD FOMC Press Conference

Happy Trading

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