ECB Press Conference

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Technical Analysis Daily Majors & Minors

  • EUR/USD – The euro moved erratically in a wider range at the beginning of the New York session as a supposed plan from ECB for QE was leaked through media a day before the official announcement. But will this result be the final outcome?

  • AUD/USD - The Australian dollar is showing some signs of life against the US Dollar following a collapse of 150 pips from 0.8230 and after finding some buying interest at 0.8075. But how will the pair trade in todays session?

Quick Daily Update

  • The number of people out of work in the UK fell by 58,000 to 1.91 million in the three months to November, official figures show.

  • All nine Bank of England policymakers voted to keep interest rates on hold this month, after two of them dropped calls to raise rates from 0.5%.

  • Oil giant BP's boss Bob Dudley has told the BBC that oil prices could remain low for up to three years, and that UK petrol prices may fall below £1 a litre.

  • The falling oil price has forced the world's biggest mining company, BHP Billiton, to cut its US shale oil operation by 40%.

  • U.S. stocks edged up in a choppy Wednesday session as traders digested reports that new stimulus would be announced by the European Central Bank at its Thursday meeting, while declines in IBM and Microsoft also limited the gains.

Daily News To Watch

Thursday, 22snd January 2015 Previous Forecast Actual

12:45pm EUR Minimum Bid Rate 0.05% 0.05%

13:30pm EUR ECB Press Conference

USD Unemployment Claims 316K 301K

Happy Trading

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