Technical Analysis Daily Majors & Minors
EUR/USD - pair trades in a quite limited range above the 1.1400 level but below the 1.1440
price zone, as the lack of scheduled fundamental data and the ongoing Eurogroup meeting
keeps investors in cautious mode. But how will Greece’s results effect this pair?
GBP/USD – is currently trading lower as the pair is under pressure following rumors that say
Greek official commented that Eurogroup is discussing unreasonable and unacceptable draft
text insisting on extending bailout. In these circumstances there cannot be a deal today. But
how will todays session effect the pair?
Quick Daily update
Global shares hit their highest since September and the euro firmed on Monday with investors
cautiously optimistic that euro zone finance ministers would reach a funding deal for debt- laden Greece.
Oil rose to near $62 a barrel on Monday, supported by concerns over escalating conflict with
Islamic State militants in Libya and predictions of lower supply in the second half of the year.
The euro inched higher on Monday as a meeting began of euro zone finance ministers who
investors expect will find enough common ground to support Greece beyond its current
bailout program and keep it in the currency bloc.
Daily News To Watch
Tuesday 17th February 2015 Previous Forecast Actual
09:30am GBP CPIy/y 0.5% 0.3%
10:00am EUR German Zew Economic Sentiment 48.4 56.2