Morning Report February 25, 2014

ForexCT's Morning Briefing for 25 February 2014
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Headlines

German business confidence unexpectedly
gains on growth outlook
  • Euro-zone inflation beats expectations; Euro slides as CPI fuels ECB easing speculation
  • AUDUSD rallies as Trading Central hit the nail on the head
  • The GBPJPY continues to trade within a tight range
  • EURUSD declines on CPI data
  • Strong night for US equities led by healthcare shares; Dow climbs 105 points
  • Tonight see's US consumer confidence at 2 am AEDT

Chart of the day

GBPUSD

The Great British Pound reached its lowest point in a week against the USD amid speculation an economic growth report will add to signs the UK recovery is slowing.

BoE governor Mark Carney said the central bank will support the economic recovery, however positive momentum in the Pound is declining.

ForexCT traders have been capitolizing on these waves lower as the GBPUSD bounces off record highs a week ago.

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Trading FX and CFDs involves a substantial degree of risk and should only be undertaken with risk capital. Please refer to our website www.forexct.com.au for a copy of our PDS & FSG. Forex Capital Trading Pty Ltd provides general advice that does not take into account your objectives, financial situation or needs. Investors do not own or have rights to underlying assets

The trade set ups above reflect Trading Central's judgement as at the time the information was prepared under the Terms and Conditions set by Trading Central. ForexCT and its related entities do not warrant the accuracy or completeness of the information contained in this newsletter and shall not be responsible or liable for any loss or profit whatsoever which may arise directly or indirectly from any use or reliance upon any trade setup, statement, opinion or omission. 

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Posted: 2014/2/25 8:19:59