SunBird

Daily Analysis 2014-05-14 EURUSD is at a very strong support below the fast EMA, and may find its way up to 1.38 in the near term although the momentum is very bearish. GBPUSD seems to be following the EUR, and if so, we may see it at 1.67 in the next day or so. We will have a better idea once the pair tries to cross yesterday's high which would signal an end to this correction and lead to the pound moving up. AUDUSD crossed a trend line last night, and it looks like it's on its way to 0.945 or even 0.95. USDCAD has been moving sideways since major news last Friday. It may take a while before we see any movement in either direction. CRUDE OIL is at 101.38 and may continue trading higher, as it found support at the round number 100, which is likely to be tested in the next few days. Economic News: 11:30 - Claimant Count Change (GBP) Unemployment Rate (GBP) 12:30 - BOE Gov Carney Speaks BOE Inflation Report 15:30 - PPI m/m (USD)

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