Daily market recommendations for today Thursday 23-01-2014

EURUSD Near Term : Upside favored
Pivot Point : 1.3580
EURUSD is Upside favored , So Buy at 1.358 with Target at 1.365
If breaks below pivot 1.358Sell with Target at 1.3555

GBPUSD Near Term : Upside favored
Pivot Point : 1.6515
GBPUSD is Upside favored , So Buy at 1.6515 with Target at 1.662
If breaks below pivot 1.6515 Sell with Target at 1.649

USDJPY Near Term : Upside favored
Pivot Point : 103.90
USDJPY is Upside favored , So Buy at 103.9 with Target at 105.05
If breaks below pivot 103.9 Sell with Target at 103.5

Crude Oil Near Term : Upside favored
Pivot Point : 95.60
Crude Oil is Upside favored , So Buy at 95.6 with Target at 97.1
If breaks below pivot 95.6 Sell with Target at 94.8

Gold Near Term : Upside favored
Pivot Point : 1245
Gold is Upside favored , So Buy at 1245 with Target at 1251
If breaks below pivot 1245 Sell with Target at 1235


Most Important Forex Events for Today (GMT):
· HSBC Flash Manufacturing PMI for Chinese Yuan at 01:45
· Flash Manufacturing PMI for German Euro at 08:30
· Core Retail Sales Canadian Dollar at 13:30
· Unemployment Claims for US Dollar at 13:30
· Existing Home Sales for US Dollar at 15:00