Disney daily and 4hrs Outlook on good Earning

AUDUSD Birds Eye View

AUDUSD Retail Sales Actual:   -0.2% C:0.3% F:-0.2%

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FTSE100

                                  Above 6277.0 we could target  6293.6 Below 6260.5  we could target 6170

investing.com - Service sector activity in the U.K. expanded at a faster rate than expected in January, growing at the strongest pace since September, industry data showed on Tuesday.

In a report, market research group Markit said the seasonally adjusted Markit/CIPS Services Purchasing Managers Index rose to 51.5 in January from a reading of 48.9 in December. 

Analysts had expected the index to ease up to 49.8 last month. 

On the index, a level above 50.0 indicates expansion in the industry, below 50.0 indicates contraction.

Despite reports that the heavy snow and severe weather had hampered activity during January, the impact was insufficient to prevent a modest rise in activity and new business following the declines registered in December.

Commenting on the report, Chris Williamson, Chief Economist at survey compilers Markit said, “A huge sigh of relief accompanies these numbers, as a return to growth of the service sector in January greatly reduces the likelihood of the UK falling back into a “triple-dip” recession.”

Following the release of that data, the pound added to gains against the U.S. dollar, with GBP/USD adding 0.24% to trade at 1.5801.

Meanwhile, European stock markets remained mostly higher. London’s FTSE 100 rose 0.4%, the EURO STOXX 50 climbed 0.45%, France's CAC 40 added 0.4%, while Germany's DAX was little changed.

EURUSD Poseidon Charting

Our preference: Short positions below 1.3469 with targets @ 1.3377 & 1.3294 in extension.

 Above 1.354 look for further upside with 1.3590 & 1.3605 as targets.

Comment: as long as 1.354 is resistance, look for choppy price action with a bearish bias.


At 48.6 in January, from 47.2 in December, the 
Markit Eurozone PMI
®
 Composite Output Index
rose to a ten-month high and came in above its 
earlier flash estimate of 48.2. Although signalling a 
further deterioration in output of the Eurozone 
private sector economy, the rate of decline has now 
eased for three straight months. 
Both manufacturing production and service sector 
business activity declined at the slowest rates since 
last March, with similar modest rates of decline 
seen in each sector.  
Inflows of new orders fell at the slowest pace since 
last February, dropping at reduced rates in both 
manufacturing and services. Goods producers 
continued to see the steeper rate of contraction. 
A diverse picture was seen among the four largest 
euro members, with strong growth in Germany – 
output grew at the fastest rate for just over a yearand-a-half – contrasting with ongoing downturns in 
France, Italy and Spain. Output in France fell at the 
steepest rate of these four countries, registering the 
fastest monthly decline since March 2009 and 
causing the gap between the headline indices for 
France and Germany to increase to the widest in 
the survey history. The rate of decline also 
accelerated slightly in Italy, but eased to a 19-
month low in Spain. 
While Germany saw new orders rise for the first 
time in 11 months, France, Italy and Spain all saw 
rates of decline ease.   
from Markit econmics

Spain

Spain's unemployment Data released today this number of people out of work rose by 2.7% I. January compared to December
Means:
Stimulus measures to be introduced in Spain to try and alleviate record unemployment
FTSE 100 has rallied to its highest Price Since May 2008 Only 400points away from
All time Highs
Asset : Eur/usd Eurjpy

Euro. pound , Aussie

Eurusd pair continues gains towards the 1.4000. However daily studies reached the overbrought conditions. Suggesting that a short-term corrective pullback could take place from current. Levels back towards 1.3500 level, from there I expect to see a bullish resumption, still a break below this area would trigger a deeper setback towards 1.3216 55 Day moving Average the psychological 1.3000. / 1.3050 support area ahead of the 200DMA
GBPUSD: Failed to reached 1.5900 and drop sharply on Friday crashing through the weekly pivot @ 1.5747 and 55DMA on the 4hr time frame. Bears take a grip and may continue to push the sterling down toward 1.56175 and key lows of 1.5413/1.5265
Audusd: trading @ the weekly pivot @ 1.04131
Stuck in the middle of the 50DMA and the 200DMA slightly more bearish on the daily
But with a bullish engulfing on the 4hrs we could so a strong move towards 1.05290 however this can only take place if 1.04665 Resistance is taken out which is also ahead of the 50% fib swing from low 24 dec to jan 10 swing high
So lets see