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Forex: GBP/USD in low around 1.5735

The sterling is following its European peer on Tuesday, grinding lower towards the 1.5735/40 region and printing session lows at the same time.

Services PMI would be the only release in the UK calendar today, expected to advance to 49.5 in January from 48.9 in the previous month.

At the moment, the pair is losing 0.20% at 1.5732 facing the immediate support at 1.5674 (low Jan.28) followed by 1.5636 (low Aug.16).
On the upside, a breakout of 1.5780 (MA10d) would bring 1.5879 (high Feb.1).

Switzerland: Trade surplus narrows considerably in December

Swiss Trade surplus narrowed to CHF 1.030B billion in December from CHF 2.905 billion in November, according to data released today by the Swiss Statistics Office. Analysts expected the surplus to narrow less to CHF 2.500 billion.
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Asian markets down on “risk off” sentiment, Europe awaits PMI

Markets are partly correcting the strong momentum seen last week as political jitters in Spain and Italy concern investors about Eurozone “health”. Japan's Nikkei Stock Average (-1.90%), South Korea's Kospi (-0.77%), and Hong Kong's Hang Seng (-1.96%) fell today, while China's Shanghai Composite (+0.23%) was one of the few indexes rising.
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