Markets have started the year nervously and trends that were emerging at the end of 2014 are continuing into 2015.Crude oil and the euro are heading lower,the dollar is heading higher and meanwhile indices are struggling to decide what direction they should be heading in.But this morning looks like a degree of calm has re-emerged,in the FX market at least as AUDUSD bounces from the mid 0.8000 region(its May 2010 low)back to 0.8130 at the time of writing and EURUSD is hovering around 1.1950.EURUSD has also done well to hold ground given yesterday’s poor German inflation data which showed the EU’s largest economy ticking towards deflation.For now the dollar rally is just being kept in check but indices are still suffering somewhat from the bearish tone in crude oil.As long as crude prices continue to head lower,indices such as the FTSE 100 will struggle to achieve any upside momentum given their large weightings in the energy sectors.
今年开年市场比较紧张，而2014年末的趋势延续到了2015。原油和欧元都在走低，美元走高而同时各种指数的前途还未卜。不过今天上午看起来冷静的情绪再次出现，从外汇市场来看，至少澳元美元从0.8000区域开始反弹（2010年的低点）到了写就此文时的0.8130。欧元美元在1.1950附近浮动。昨天德国的通胀数据不好，这显示出欧盟这个最大经济体离通缩不远了，然后也让欧元美元守住了阵地。
Today many countries are observing Epiphany and enjoying a public holiday so volumes might be a little thinner than normal.On the economic data side things are a little busier with a string of services PMI survey releases from across the Eurozone and in the UK.A glimmer of light has shown on France already this morning which has seen consumer confidence a little higher than expected and whilst their PMI figure is due to rise from 47.9 to 49.8,this remains in contraction territory for one of the worrisome Eurozone economies.Later on this afternoon the US releases its services PMI numbers too and anything better than expected could see the dollar make its next leg higher.
今天，许多国家都在过Epiphany节，因此交易量可能会比平常要低。经济数据方面情况要忙碌一些，有欧元区以及英国的服务业PMI调查数据。今天上午法国的情况出现了好转，其消费者信心上升，比预期要好；而其服务业PMI也可能从47.9上升到49.8，不过对于这个欧元区最让人担忧的经济体来说，情况还是不好。今天下午美国也会发布其服务业PMI；如果情况比预期要好，那么美元可能会再次走高。
服务业PMI发布后英镑美元疲软
Cable a touch weaker after latest services PMI data comes in weaker than expected,falling to 55.8(from 58.6),and currently just breaking below the 1.52 level.
服务业PMI发布后比预期要疲软，58.6下跌到了55.8；导致了英镑美元也疲软，目前跌到了1.52之下。