September 12, 2014 - Market News Daily 

As the week finishes, the volatility decreases. The market movers today are British Pound, Japanese Yen, Gold and Russian stocks. 

The pound was deleting recent losses as a survey in the UK showed that Scotland votes for independence was losing ground. The price could go back up above 1.6500 very quickly once the fear on UK split disappears. 

The comparison USD / JPY climbed to 107.40 - new 6-year high - as the Dollar strengthened before today's date retail. The pair is expected to reach level 108 in the next few months as the United States and Japanese monetary policy divergences. Kuroda Japanese government is about to give a speech in the morning hours so we should be careful with our previous placement positions. 

Gold and Russian stocks will probably move in the opposite direction today, as the EU is preparing to announce new sanctions against Russia. We have seen in the past days the price of gold decreases below its 9-month low. So we can expect to pull back and post our trades accordingly. 

Key events today: 

9:00 GMT: EUR - Industrial Production - measures change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities 

12:30 GMT: USD - Core Retail Sales - Measures the change in the total value of sales at the retail level in Canada, excluding cars