GBP CPIy/y Results

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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?

Daily update

  • 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

09:30am GBP CPIy/y 1.0% 0.7%

Happy Trading

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