Hirose News|February 17, 2014 9:00 AM

Some announcements that may impact the markets this week

Big news for this week!

Below are some announcements that may impact the markets this week:


The US dollar continues to decline against the Yen as reports show industrial production slowed in January and consumer sentiment slackened, together with some of the worst weather the USA has seen in recent times.

Meanwhile the GBP has reached a 3 year high against the US dollar as construction output increased.  The Euro also fared better as reports showed the economy was growing.  The Aussie dollar also fared well as reports showed consumer prices increased in China.

Traders have noticed that intraday trading has been quite difficult, punctuated by lack of liquidity from the banks and also when price moves happen they tend to be  sharp spikes that offer little carry- through to maintain a position.