gbpusd

·         Possible Double Top Currently @ 1.6605 and the Dec 30 2013

·         We may see a short term correction to 1.6505 and 1.6464 before a continued raise in the £/$

Sharp Fall in unemployment towards the policy 7% threshold

IMF warning global growth upgrade and more in 2014 expectation to 0.1% the forecast to 3.7% expansion in the global economy.

The financial system is slowly healing uncertainty  is decreasing

IMF has reiterated the long standing concerns  about frailty of the recovery and warned central banks not to withdraw monetary stimulus " Prematurely" if they it could get complex

Data out from the US 23/01/2014

·         The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment 

·                               Actual ........ Consensus 326k Previous 326K

·         The Counting Jobless Claims con:2.93  Pre 3.03

·         Existing Home sales (MoM) Con 0.4% Pre -4.3