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Technical Analysis Daily Majors & Minors
EUR/JPY - The Euro has dropped to the lowest level in 11 weeks against the Japanese Yen establishing a foothold below the 140.00 figure. Near-term support is at 139.52, the 23.6% Fibonacci expansion, with a break below that on a daily closing basis exposing the 38.2% level at 138.16. Will this effect todays trades?
GBP/USD – The British Pound may be readying to turn higher against the US Dollar after producing a bullish Morning Star candlestick pattern. A daily close above the 61.8% Fibonacci expansion 1.5177 exposes the 50% level at 1.5293. But how will this play out in today session?
The owner of London's Canary Wharf complex, Songbird Estates, has advised its investors to reject a new Qatari-led bid worth £2.59bn.
US shares closed lower for a second consecutive trading session on Monday after further falls in the price of oil hit energy firms' shares. U.S. stocks fell for a second straight session on Monday, led by another sharp decline in energy shares as oil prices tumbled about 5 percent and concern grew ahead of corporate earnings season.
The Federal Reserve should stop talking about the need for a "patient" interest rate policy just before it thinks it will begin hiking rates, a top Fed policymaker said on Monday.
US President Barack Obama has unveiled new proposals on how consumers' personal data is handled.
Daily News To Watch
Tuesday, 13th January 2015 Previous Forecast Actual