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United Kingdom Markit Services PMI improves to 51.5 in Jan from 48.9 in Dec

Gold trading at $1673.77

The price of gold moved higher yesterday, however it remains well confined within a relatively tight range between the 200-days SMA and the 50-days SMA, limited also by the main descending trend line from the upside.
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Forex Flash: EUR Reality Check – OCBC Bank

Emmanuel Ng of OCBC Bank notes that the Euro took a reality check on Monday as underlying political concerns in Spain and Italy resurfaced while the resolution of the majors ended largely mixed against the dollar.
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