Monday, Jan 26, 08:34 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Economic and Technical View of the Currency Market by Rob Booker
- All the events of the day in our Economic Calendar
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Forex Blogs
The Trader's Edge: NZD/JPY Continuation by Ross Yamashita
Welcome back from the weekend and another week of trading. Let's bring back something we looked at last week on the NZD/JPY. We said that there was a potential bottom on the daily chart and now we're headed up into a correction.
Forex Trading Today: Gold Breaks North... Does the Swissy Come Along, Too? by Tim Salem
Sponsored by 
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Jan 26, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Taking a New Look at Bollinger Bands: New Methods & Techniques Revealed
Expert: S.A Ghafari
Start: Mon, Jan 26, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jan 26, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Jan 26, 13:00 GMT | Taking a New Look at Bollinger Bands: New Methods & Techniques Revealed | S.A Ghafari | WBN |  |
| Mon, Jan 26, 13:30 GMT | Disciplined Position Trading  | James Chen | WBN | |
| Mon, Jan 26, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe
EUR/USD: (1.2910) New reaction low in channel
(KBC Bank) − New short term reaction low in channel off 1.4719, after having tested daily channel top from there (1.3052 today).
Support area at 1.2862/ .2850 (today's low?/ daily envelope bottom), with next levels at 1.2844 (break−up hourly), ahead of 1.2764 (current reaction low off 1.4719): tough on 1st attempts.
If wrong, next level at 1.2652 (daily Bollinger bottom), ahead of 1.2629 (broken daily channel top off 1.6040), where pause favored, amid oversold readings.
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Risk Trends And Carry Flows Hit Six Year Lows, On The Edge Of Another Plunge by FXCM
With USDJPY testing thirteen year lows and the Dow pushing 8,000, it was hard to miss the rising sense of risk aversion last week.
Weekly Outlook: Sterling Weakness and Yen Strength to Continue, Dollar Fate Depends on Commodities by ActionForex.com
Last week's selling in Sterling was triggered by announcement of the second bank rescue plan and the fear of debt rating downgrade and BoE King's message that the bank will enter into quantitative easing soon.
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
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
US EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jan 26 | 15:00 | Existing Home Sales | 4.40M | 4.49M |
| Jan 26 | 15:00 | Existing Home Sales (MoM) | - | -8.6% |
Friday Notes - Housing slump drags down sales and prices by UniCredit Group
Sales of foreclosed homes, usually at auction, have lately been cushioning the four−year slide in existing home sales. But they are sold at sharply lower prices, as demonstrated by the 13% y−o−y drop in median sale prices. We expect further declines in both sales and prices for December.
[ Full Story ]The Trading Week - The Trading Week: Jan. 26 − Jan. 30 by AllThingsForex
Top Market Movers Review
New Zealand CREDIT CARD SPENDING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 26 | 02:00 | Credit Card Spending | -3.9% | - | -0.9% |
New Zealand credit card billings fall in Dec − RBNZ (Thomson Financial News)
Credit card billings in New Zealand fell in December, backing views consumer spending is under pressure, central bank data showed on Monday. The Reserve Bank of New Zealand said total billings fell a seasonally adjusted 2.2 percent last month, the third consecutive monthly fall, following a revised 1 percent fall in November.
[ Full Story ]- Read the Card data at RBNZ
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 26 | 02:00 | NZ | Credit Card Spending (Dec) | -3.9% | -0.9% |
|
| 09:30 | UK | BBA Mortgage Approvals (Dec) | 17.000K | 17.773K | ||
| 15:00 | US | Existing Home Sales (Dec) | 4.40M | 4.49M | ||
| 15:00 | US | Existing Home Sales (MoM) (Dec) | -8.6% | |||
| 15:00 | US | Leading Indicators (MoM) (Dec) | -0.3% | -0.4% | ||
| 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% | ||
| 07:00 | DE | Import Price Index (MoM) | -2.7% | -3.4% | ||