German Buba President Weidmann Speaks

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Technical Analysis Daily Majors & Minors

  • AUD/USD - is currently trading at 0.8146 with a high of 0.8191 and a low of 0.8068 and is down 0.2% on the day. AUD/USD has recovered from the heat felt overnight with supply coming in thick and fast over the 0.8180 level down to lows of 0.8068. The Aussie finally soaked up the losses in key commodities with copper being the straw that broke the camels back on this occasion hitting fresh five and a half year lows. But how will it trade like in todays session?

  • EUR/USD - recovery from fresh 9-year lows was capped by the 1.1845 zone during the American session, confining the pair to a phase of consolidation over the last hours. EUR/USD fell below 1.1747 level at which the euro first traded on Jan 4, 1999 and hit a fresh 9-year low of 1.1726 before finding support. Disappointing US retail sales hurt the dollar and helped EUR/USD to regain the 1.18 mark but momentum was lacking. At time of writing, the pair is trading at 1.1805, 0.29% above its opening price. Will we see it fall to a 9-year low in today’s session?

Daily update

  • Securities around the world fell on Wednesday after the World Bank cut its economic growth forecasts for 2015 and 2016, with stocks down across regions and copper suffering its biggest one-day drop in more than three years.

  • Oil futures marked their strongest gain in more than two years on Wednesday, snapping a four-day losing streak as traders turned briefly away from the bearish pressures of a worldwide glut to focus on technical trading ahead of options expiration.

  • US bank JP Morgan Chase reports a 6.6% fall in quarterly profits after paying $1bn in legal costs resulting from investigations into alleged wrongdoing.

  • Facebook releases an app offering office workers a private alternative to email, challenging Microsoft's Yammer, LinkedIn and others.

  • Retail sales in the US fell in December, according to the latest figures from the Commerce Department.

Daily News To Watch

Thursday, 15th January 2015 Previous Forecast Actual

0:30am AUD Employment Change 42.7K 5.3K

AUD Unemployment Rate 6.3% 6.3%

13:30pm USD PPI m/m -0.2% -0.3%

USD Unemployment Claims 294K 299K

15:00pm USD Philly Fed Manufacturing Index 24.5 20.3

16:15pm EUR German Buba President Weidmann Speaks

Happy Trading

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