Tuesday, Jan 27, 08:25 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: 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
Forex Trading Today: Gold Rolls Along... and Leaves Swissy at the Airport! by Tim Salem
Well... it appears our Northern friend, the Swiss Franc, heads home from vacation as it takes a steep dive in Price Depreciation. "Personally, CVJ... We think the Euro planned the whole thing... It's Sabotage!"... the CVJ Guys shout!
Chartology: The Dow Rallies and the Yen Looks Ready for a Breakout by Raghee Horner
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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 | ||||
| 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: Europe
The Yen was sold in Asian session
FOREX.com − EUR/JPY made a move from the 117.25 arena to highs posted above 118.85. The pair eased out of the session closer to the 118.00 figure ahead of some European data including: German IFO, Import Price Index, and Euro Zone Current Account. GBP/JPY rose from a low of 124.22 to highs of over 126.15 before stabilizing at 125.70.
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Technical Summary for Majors − Rebound off last Friday's 1.3500 trims losses by Windsor Brokers Ltd
The EUR/USD rose on better risk appetite and more indications on the European Central Bank's reluctance to use unconventional methods to ease monetary policy.
Daily Recommended Trades − The Euro advanced past key upside barrier into the 1.3080 zone by E−Forex
The Euro advanced past key upside barrier into the 1.3080 zone on yesterday, the 380 points rally suggesting that a trend reversal is in progress. The daily momentum is bullish and will remain this way while support at 1.3080 holds.
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
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Jan 27 | 09:00 | IFO − Business Climate | 81.0 | 82.6 |
Trading News Report - EUR/USD: Trading the German IFO − Business Climate Report by FXCM
The euro could face increased selling pressures over the next 24 hours of trading as economists forecast the German IFO business confidence survey to slip to a record low reading of 81.0 from 82.6 in November. Fading demands from the global economy paired with financial uncertainties have certainly dragged on the export−driven economy, and conditions are likely to get worse as the Bundesbank expects economic growth to contract 0.8% this year.
[ Full Story ]EMU economic indicators - German ifo business climate (January): down by BHF−Bank
Top Market Movers Review
Germany IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 27 | 07:00 | Import Price Index (MoM) | -4.0% | -2.7% | -3.4% |
| Jan 27 | 07:00 | Import Price Index (YoY) | -5.1% | - | -1.3% |
German import prices index decline in December on lower oil prices (FXstreet.com)
Prices of imported products have declined in December in Germany for second consecutive month, on sharp drops oil products, according to data released by Destatis.
[ Full Story ]- Read the Import Prices data at German Statistics
- Germany: Import Price Index declines 4% in Dec; 5.1% down year on year (FXstreet.com)
Japan BOJ MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 26 | 23:50 | BoJ Minutes | - | - | - |
BOJ minutes: 0.1 pct rate lowest for mkt function (Thomson Financial News)
Some members of the Bank of Japan policy board said an interest rate of 0.1 percent could be the lowest level to maintain the functioning of the money market, minutes of its Dec. 18−19 board meeting showed on Tuesday. But one member said the central bank should not rule out the possibility of cutting rates further, the minutes showed.
[ Full Story ]- UPDATE 2−BOJ members see 0.1% rate lowest for mkt function (Thomson Financial News)
- REFILE−UPDATE 1−Rate cut to 0.1% lowest for mkt to function−BOJ (Thomson Financial News)
- REFILE−UPDATE 1−Rate cut to 0.1% lowest for market to function−B (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 27 | 00:30 | AU | National Australia Bank's Business Conditions (Dec) | -6 | -17 | |
| 00:30 | AU | Producer Price Index (QoQ) (4Q) | 1.3% | 0.4% | 2.0% | |
| 07:00 | DE | Import Price Index (MoM) | -4.0% | -2.7% | -3.4% | |
| 07:00 | DE | Import Price Index (YoY) (Dec) | -5.1% | -1.3% | ||
| 09:00 | EMU | Current Account n.s.a (Nov) | -4.8B | |||
| 09:00 | EMU | Current Account s.a (Nov) | -8.0B | -6.4B | ||
| 09:00 | DE | IFO − Business Climate (Jan) | 81.0 | 82.6 | ||
| 09:00 | DE | IFO − Expectations (Jan) | 76.8 | |||
| 09:00 | CH | UBS Consumption Indicator (Dec) | 0.96 | |||
| 11:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Jan) | -53 | -55 | ||