Easy Forex Daily Forex Report 08-01-2014
January 8, 2014 11:45 amVideo
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The EU Morning Report – Canadian dollar reached its two and a half year low – 08 January 2014
Written by the easy-forex team
Currencies
The US dollar (USD) climbed from its two week low at 103.90 all the way up to 105.00 against the Japanese Yen (JPY). The pair is heading towards higher highs and looking ahead the FOMC meeting minutes will take place today at 19:00 GMT.
Equities
The GER 30 (DAX) rose from 9375 up to 9525 after German unemployment revealed better than expected. The German economy shows that is recovering and indicate confidence for the European economy. Additional data are coming out from Germany and the monthly German factory orders will come out today at 11:00 GMT.
Commodities
Mover & Shaker with FX Options
The US dollar (USD) skyrocketed all the way up to 1.0808 reaching its two and a half years high against the Canadian dollar (CAD). The Canadian dollar weakened after its monthly trade balance came out worse than expected whereas at the same time the US trade balance showed improvements.
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