GBP Retail Sales m/m

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Technical Analysis Daily Majors & Minors

  • EUR/USD – dropped below 1.1400 for the first time since November 2003 and hit a fresh low at 1.1368. Since the announcement of the European Central Bank purchase program the pair has fallen more than 250 pips. But how will this pair like in todays session

  • AUD/USD - has found some intraday-buying off 0.80 round number, producing a bounce worth 30/35 pips to retest broken-support-turned-resistance at 0.8035, where some selling is now emerging ahead of the China HSBC China PMI. But how will this pair move in todays European session?

Quick Daily Update

  • The European Central Bank took the ultimate policy leap on Thursday, launching a government bond-buying program which will pump hundreds of billions in new money into a sagging euro zone economy.

  • Asian equities extended a global equities rally on Friday after the European Central Bank launched a bond-buying stimulus drive in a landmark move that buoyed investor risk appetite, drove bonds higher and left the euro pinned near 11-year lows.

  • China’s manufacturing growth stalled for the second straight month in January and companies had to cut prices at a faster clip to win new business, adding to worries about growing deflationary pressures in the economy, a private survey showed.

Daily News To Watch

Friday, 23rd January 2015 Previous Forecast Actual

8:00am EUR French PMI 47.5 48.1

8:30am EUR German PMI 51.2 51.8

9:30am GBP Retail Sales m/m 1.6% -0.6%

1:30pm CAD Core CPI m/m -0.2% -0.3%

CAD Core Retail Sales m/m 0.2% 0.5%

Happy Trading

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