Unemployment Claims

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Technical Analysis Daily Majors & Minors

  • GBP/USD – The British Pound is recovering some ground against its American rival, following better than expected UK Retail Sales, up 1.6% monthly basis and to 6.4%YoY, while core readings also surged sharply. But how will this pair move in todays session?

  • USD/CAD - continues to be bullish, as it has been since this year’s July. And that has led to a formation of yet another bullish pattern—channel up. But how will this pair play out in todays session?

Quick Daily Update

  • The director of Premier Oil says no new North Sea projects are profitable with oil below $60 a barrel and the industry is "close to collapse".

  • The Swiss franc tumbled on Thursday as its central bank slapped a charge on deposits, wary of a flood of money exiting Russia and the likely pressure from the euro zone if the ECB starts full-scale money printing early next year.

  • MOSCOW - The ruble weakened against the dollar and euro on Thursday with traders saying President Vladimir Putin had so far offered no concrete measures to pull Russia out of a crisis at his end-of-year news conference.

Daily News To Watch

Thursday, 18th December 2014 Previous Forecast Actual

13:30pm USD Unemployment Claims 294K 297K

15:00pm USD Fed Manufacturing Index 40.8 26.3

Happy Trading

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