Forex calendar: 15th January 2015
YEN is another on the Map showing alot of grey – no true movement and the answer lies on the monthly chart (see attached). Would need to see this month closing higher to confirm any further bias to the upside otherwise we could see further consolidation heading in Feb and onwards…….
China data – Chinese New Loans figure lower than expected
EUR DATA – Trade Balance (Nov) figure out this morning followed by loads of US data this afternoon.
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