German ZEW Economic Sentiment

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Technical Analysis Daily Majors & Minors

  • EUR/USD - The European currency closed in yesterdays session with gains for the first time after five consecutive daily setbacks, with EUR/USD regaining 1.1600 and beyond. But how will this pair trade leading up to the ECB results on Wednesday?

  • USD/CAD - The greenback is now testing the lower bound of the intraday range vs. its fellow neighbor, sending USD/CAD to the area of 1.1960/55. But how will this trade like following the US Market trade?

Quick Daily update

  • Saudi Arabia can cope with low oil prices for "at least eight years", Saudi Arabia's petroleum minister's former senior adviser has told the BBC.

  • The head of the IMF said she hoped the "erratic" situation brought about by the Swiss Central Bank's decision to scrap its three-year-old cap would stabilize shortly, adding that very few people were informed of the move ahead of time.

  • European stocks and bonds rose on Monday as investors bet the ECB will unveil a bond-buying package this week to fight deflation and revive growth, shrugging off the steepest fall in Chinese shares since June 2008

Daily News To Watch

Tuesday, 20th January 2015 Previous Forecast Actual

02:00am CNY GDP q/y 7.3% 7.2%

10:00am EUR German ZEW

Economic Sentiment 34.9 40.1

13:30pm CAD Manufacturing Sales m/m -0.6% -0.5%

21:45pm NZD CPI q/q 0.3% 0.0%

Happy Trading

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