Catalan Self-rule vote

September 25, 2014 Have a read of this article. Seems like its a season of referendums this year. http://www.thelocal.es/20140925/catalan-leader-artur-mas-to-call-self-rule-vote-on-saturday-catalonia-independence

US Open – 25.09.14

September 25, 2014 After the minor correction at the start of week, USD continues to charge higher, helped by speculation of further action from other central banks. EURUSD broke below the March 2013 lows of 1.2745-50 early doors in London and briefly traded on the 1.27 handle. Spot is now hovering around 1.2730. We think the selloff may… View Article

Mario Draghi Speaks at the Euro Conference in Lithuania

September 25, 2014 As Lithuania sets to become the 19th member of the Eurozone to adopt the Euro currency, Mario Draghi is in Lithuania to address the press. Here is the summary of Mr.Draghi’s speech: The euro area benefits from Lithuania’s accession in at least two ways: first, Lithuania has shown that adjustment is not only necessary, but… View Article

German Ifo Business Climate Index

September 24, 2014 Actual:104.7  Forecast:105.7  Previous:106.3  Once again the figure has come out lower than expected for a 5th straight month. We did not see an immediate reaction in the currency markets, however could be early signs of a potentially even weaker Euro in the longer run.

S&P 500 to break record highs again

September 24, 2014   S&P 500 has formed a double bottom on an hourly chart around the 1976 mark and has began its move on the upside. If it continues to climb and break through 2012.4, I can potentially see the S&P break the record high of 2023 and continue to make a move on the upside!