Unemployment Claims

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Technical Analysis Daily Majors & Minors

  • AUD/USD - has eased off its weekly high after breaking, if only fractionally, 0.80

psychological level, following better-than-expected RBA trimmed mean Q4 CPI data, with

the exchange rate presently around 0.7975/80. But will it continue to go lower?

  • GBP/USD - is upside corrective near term having virtually reached target of the

1.4910/1.4813 long term Fibonacci retracement and 2013 low. There is a large divergence of

the daily RSI on this move to a move to a new low and we would allow for a corrective

rebound back towards the 1.5388 downtrend. But will we see this drop further?

Quick Daily update

  • Stocks fell in Europe and Asia and the dollar strengthened on Thursday after the Federal

Reserve took an upbeat view of the world's largest economy and signaled it was on track to

raise interest rates this year.

  • The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace"

with strong job gains in a signal that the central bank remains on track with its plans to raise

interest rates this year.

  • Bank of England governor Mark Carney has warned the current structure of the eurozone puts

it in an "odd position".

  • Falling oil prices are forcing Royal Dutch Shell to cut back investment by some $15bn

(£9.9bn) over the next three years.

Daily News To Watch

Thursday, 29th January 2015 Previous Forecast Actual

1:30pm USD Unemployment Claims 307k 301k

Happy Trading,

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