Forex Charts

FX Daily

Focus will be on US data. We expect headline CPI inflation to have eased

In Europe the most interesting release is German GDP for 2014,

We favored a flat rather than a triangle to explain this wave-4 consolidation.

The down channel is still in force from 1.26 and now there is strong resistance at 1.1864.

At 09:30 CET the EU Court of Justice will give a non-binding opinion

Since wave-iv’s often take a bit more time than wave-ii, we are biased to

Still cannot rule out the alternate structure of a wave-4 triangle but

The wave-iv rally we were looking for carried to below the 1.1887 initial target and

The crude oil price and lower inflation are expected to be the main focus.

In the US the Fed will release its Labour Market Conditions Index (LMCI) for

The main event is the US employment report for December.

The oil price continues to be the main focus. Yesterday the price steadied after the recent slide.