Technical Analysis Daily Majors & Minors

• GBP/USD - The pound continues to trade on a positive mood on Tuesday,

now pushing GBP/USD to test intraday highs in the 1.5080 neighbourhood.

But how will this move in todays session?

• USD/CAD - The greenback posted no significant reaction following the

results from the US Factory Orders, with USD/CAD hovering over 1.2520/25.

But how will this pair trade in todays session? Will we see it break today?

Quick Daily update

• A Greek proposal to swap government debt for bonds with interest payments

linked to economic growth got a sceptical reception from euro zone officials

on Tuesday.

• Stock markets around the world rallied on Tuesday while the U.S. dollar fell

after the new Greek government dropped calls for a write-down of its foreign

debt, easing concerns about growing instability in the euro zone .

• U.S. stocks climbed on Tuesday, as the benchmark S&P500 index built on a

rally in the prior session fueled by hopes of a deal on Greek debt and by rising

oil prices.

Daily News To Watch

Wednesday, 4th February 2015 Previous Forecast Actual

9:30am GBP Services PMI 55.8 56.6

13:15pm USD ADP Non-Farm 241k 224k

Employment Change

15:00 CAD Ivey PMI 55.4 53.8

USD ISM Non-Manufacturing 56.2 56.6


Happy Trading,

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