BOE Gov Carney Speaks

r-1.jpeg

Technical Analysis Daily Majors & Minors

  • USD/CHF - The dollar extended gains versus European counterparts and climbed above the 1.0200 level versus the franc, stalling a couple of pips ahead of last week’s 4-year high scored at 1.0216. USD/CHF pierced the 1.02 mark to peak at 1.0213 and continues to trade within a touching distance of its multi-year high. Will we see it break the 4year high?

  • GBP/USD - is trading at 1.5162 and made a high of 1.51 94 and a low of 1.50 78 and down 0.1% on the day. GBP/USD was offered overnight on the back of the UK's inflation results falling to the lowest for over 14 years for the month of December. This was coupled with disappointments in producer prices also giving the biggest fall in 5-years in an annual basis. But how will this trade in today’s session?

Daily Update

  • The euro was pinned near nine-year lows on Wednesday as investors wagered the European Central Bank was just a week away from launching a new stimulus campaign, while concerns about the global economy kept Asian equities subdued.

  • Oil tumbled 5 percent to near six-year lows before recovering ground on Tuesday, and Brent briefly traded at par to U.S. crude for the first time in three months as some traders moved to take advantage of ample storage space in the United States.

  • U.S. stocks ended down slightly in a volatile session on Tuesday, led by a drop in materials and energy shares following further weakness in commodity prices.

  • The World Bank has cut its global growth forecast, warning the US alone cannot drive an economic recovery.

Daily News To Watch

Wednesday, 14th January 2015 Previous Forecast Actual

13:30pm USD Core Retail Sales m/m 0.5% 0.1% USD Retail Sales m/m 0.7% 0.2%

14:15pm GBP BOE Gov Carney Speaks

Happy Trading

Featured Posts
Recent Posts
Archive
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square
Search By Tags

 

The information and content held within this website has been created by Forex Masters and are for educational purposes only. Forex or stock trading has no guarantees. There are many factors including general economic conditions that can have an impact on your investment and past results are not indicative of the future. Spread betting and CFD's can put your money in jeopardy, as the financial or stock markets can move quickly and go up and down against your investment. Invest with capital which is reasonable to you as the investment may fail meaning you lose it plus have to pay additional money. Spread betting is not for everyone, so make sure you fully know the risks and get guidance from a professional trader if required.

 

Risk warning: Trading Foreign Exchange (Forex) and Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all of your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience.

 

© 2015 by FOREX MASTERS