ECB and State of the Union Speech Week
Technical Analysis Daily Majors & Minors
EUR/USD - is still shocked by the SNB decision on Thursday, although it seems to have found a comfort zone above the 1.1600 handle so far. But how will it work out following President Draghi of the ECB; results on whether to launch the bond buying program?
USD/CHF - lost more than 300 pips in a matter of minutes after the Swiss National Bank announced it will scrap the EUR/CHF floor and set a -0.75% rate for sight deposits.The Swiss strengthened broadly following the measure and dragged USD/CHF from near 1.0200 to below 0.9900. The pair bottomed out at 0.9878 before bouncing and it is currently trading at the 0.9955 zone, recording a 2.25% loss on the day. But how will this pair trade out for the next few weeks or even months?
Quick Daily update
After a head-spinning bout of volatility, next week will be dominated by one question: Will the European Central Bank take the ultimate policy leap or pull its punches?
The ECB could launch a government bond-buying program with new money as soon as its Jan. 22 meeting, although Greek elections three days later are a complication.
President Barack Obama’s State of the Union address will propose closing multibillion-dollar tax loopholes used by the wealthiest Americans, imposing a fee on big financial firms and then using the revenue to benefit the middle class, senior administration officials said on Saturday.
West Ham football club sponsor and currency broker Alpari has shut its UK arm following the Swiss National Bank's decision to end its capping of the Swiss franc against the euro.
Goldman Sachs has posted a 7% fall in quarterly profits after weaker bond trading and a decline in investment bank revenues.
Daily News To Watch
Monday, 19th January 2015 Previous Forecast Actual
No Major Fundamental News