ISM Non-Manufacturing PMI

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Technical Analysis Daily Majors & Minors

  • AUD/USD – has recovered from 0.8055 and rose to 0.8105 against the US dollar; however, the pair found selling interest at this level and the pair is trading now back at 0.8180. But how will this pair trade in todays session?

  • GBP/USD - has been able to hold above 1.5200 so far during the American session, consolidating losses. But how will this pair move in todays session?

  • EUR/USD - is consolidating losses during the American session as stocks decline sharply in Wall Street and while crude oil plummets. But will we see a further plummet of EUR/USD in todays session?

​Daily update

  • Energy shares led a broad decline on Wall Street on Monday in the wake of a drop in crude prices to fresh 5-1/2 year lows amid concerns economic problems elsewhere in the world could hurt the United States.

  • U.S. officials monitoring the recent drop in oil prices believe the dip so far has been beneficial for the U.S economy, White House spokesman Josh Earnest said on Monday.

Daily News To Watch

Tuesday, 6th January 2015 Previous Forecast Actual

0:30am AUD Trade Balance -1.32B -1.59B

09:30am GBP Services PMI 58.6 58.9

15:00PM USD ISM Non - Manufacturing PMI 59.3 58.2

Happy Trading

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