Monday, Jan 26, 17:23 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- WEBINAR VIDEO: Selling Covered Options in the Forex by John Jagerson
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: USD/JPY − Consolidating Near Long−Term Lows by James Chen
Price action on USD/JPY, a daily chart of which is shown, has tentatively retreated from the 13−year low that was precisely double−tested just last week. In the process, the pair has reverted back up to a short−term downtrend resistance line that extends from the 94.62 swing high reached in the beginning of the year.
The Advisor Blog: Gbp/Usd for today by Valeria Bednarik
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Live Sessions Schedule
Taking a New Look at Bollinger Bands: New Methods & Techniques Revealed
Expert: S.A Ghafari
Start: Tue, Jan 27, 11:00 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jan 27, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jan 26, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Jan 27, 11:00 GMT | Taking a New Look at Bollinger Bands: New Methods & Techniques Revealed | S.A Ghafari | WBN |  |
| Tue, Jan 27, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Jan 27, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Tue, Jan 27, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
GBP/USD's recovery from 1.3503 extends further today
(ActionForex.com) −GBP/USD's recovery from 1.3503 extends further today and as discussed before, further raise could still be seen to 1.4052 resistance and above. However, upside is expected to be limited well below 1.4469 support turned resistance and bring fall resumption. Decline rom 1.5722 is expected to extend to 61.8% projection of 1.8668 to 1.4557 from 1.5722 at 1.3186 next on resumption.
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Special Focus − EURJPY: Medium Term Bearish Structure Continues To Be Maintained by FXTechstrategy
Although consolidative to corrective price activities have started to shape up after EURJPY's declines to a low of 112.09 was rejected on Wednesday last week, the cross continues to maintain its medium bearish tone triggered off the 169.97,its July'08 high...
IMM positioning − Speculative investors remain long JPY and short GBP by Danske Bank A/S
JPY lost slightly against USD and NOK during the week to 20 January, but gained strongly against all other G10 currencies. Net long JPY positions were built further and the yen remains the favoured currency among speculative investors.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Jan 27 | 09:00 | IFO − Expectations | - | 76.8 |
| Jan 27 | 09:00 | IFO − Business Climate | 81.0 | 82.6 |
EMU economic indicators - German ifo business climate (January): down by BHF−Bank
The ifo business climate for Germany will probably have deteriorated in January, even if business expectations for the next six months have improved. The German ZEW economic sentiment has gone up, but the US ISM manufacturing index has deteriorated.
[ Full Story ]Top Market Movers Review
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 26 | 15:00 | Existing Home Sales | 4.74M | 4.40M | 4.45M |
| Jan 26 | 15:00 | Existing Home Sales (MoM) | 6.5% | - | -8.6% |
US Dec Existing Home Sales Up 6.5% To 4.74 Mln Rate (Dow Jones)
Existing−home sales rose in December as buyers took advantage of discounted prices in distressed housing markets. Home resales rose to a 4.74 million annual rate, a 6.5% increase from November's revised 4.45 million annual pace, the National Association of Realtors said Monday.
[ Full Story ]- TREASURIES−Bonds sell off on supply, housing data surprise (Thomson Financial News)
- US Existing Home Sales−STATS (Dow Jones)
- UPDATE 1−U.S. existing home sales rise in Dec, prices slump (Thomson Financial News)
Daily Forex Technical Report - Existing home sales probably plunged −2% to 4.4M by ActionForex.com
Friday Notes - Housing slump drags down sales and prices by UniCredit Group
The Trading Week - The Trading Week: Jan. 26 − Jan. 30 by AllThingsForex
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 26 | 15:00 | US | Existing Home Sales (Dec) | 4.74M | 4.40M | 4.45M |
| 15:00 | US | Leading Indicators (MoM) (Dec) | 0.3% | -0.3% | -0.4% | |
| 23:50 | JP | BoJ Minutes (Jan) | ||||
| 23:50 | JP | Corporate Service Price (YoY) (Dec) | -2.4% | -1.9% | ||
| Jan 27 | 00:30 | AU | National Australia Bank's Business Conditions (Dec) | -17 | ||
| 00:30 | AU | Producer Price Index (QoQ) (4Q) | 0.4% | 2.0% | ||
| 00:30 | AU | Producer Price Index (YoY) (4Q) | 5.2% | 5.6% | ||