15/08/2014 - August Daily Review
- Mark Densel
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August 15, 2014 - Daily Market News
But the day around 12.00 GMT significant spike we saw during the low volatility of the last two days, EUR / USD pair is trading in a different way. Economic data comes out once it disappears, at which point you can expect the American market negatively. 12.30 GMT on the PPI index again as we see the same pattern can be revealed today. Expected to last longer (0.4%) is slightly lower than the 0.1% increase is to see. However, the French and Italian markets will be closed for the holidays due to the fact that the trade volume will be low. This movement is going sideways. The support at 1.3445 and resistance is seen at 1.3300.
Thursday, WTI crude oil price of $ 95 / barrel was down. As speculation about rising stockpiles supply price is moving down. Once the price breaks down to $ 95 / barrel, the market sentiment in the South will probably cost $ 93 / barrel may drop. 12.30GMT.The on sentiment will be released, that we should keep an eye on the US data is sideways today. The support at 98.70 and resistance is seen at 95.00.