CB Consumer Confidence

consumer confidence.jpg

Technical Analysis Daily Majors & Minors

• EUR/USD - The Euro extended its recovery mode versus the US dollar and spiked to

1.1345 levels in the European morning, storming through the 1.13 threshold as

traders continue to cover their short positions ahead of US Fed policy meeting

tomorrow. But how will this pair trade In todays session?

• GBP/USD - Cable is at new lows as expected after we recognized a corrective pattern

just above 1.5600 back in December. Pair fell sharply since then, But how will this

pair trade like in todays session?

Quick Daily update

• Most Asian share markets firmed on Tuesday and the euro clung to rare gains,

relieved that European equities had weathered Greece's election outcome without too

much disruption.

• Oil gave up early gains with Brent futures slipping below $48 on Tuesday as a

stronger dollar weighed, offsetting comments from producer group OPEC that prices

may have found a floor.

• It is unrealistic to expect Greece to repay its huge debt in full, a spokesman for Syriza

- which won Sunday's election - tells the BBC.

• Russia's credit rating is cut to junk by US ratings agency Standard and Poor's for the

first time in a decade.

Daily News To Watch

Tuesday, 27th January 2015 Previous Forecast Actual

13:30pm USD Core Durable Good -0.7% 0.6%

Orders m/m

15:00pm USD CB Consumer Confidence 92.6 95.3

USD New Home Sales 438K 452K

Happy Trading,

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