Wednesday, Jan 28, 08:36 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: Following the NZD/JPY Trend by Ross Yamashita
After tentatively breaking above short−term downtrend resistance, price action as of early Tuesday morning rose up to hit and slightly exceed significant further resistance in the 1.3300 region before essentially being rejected by that price level.
1st on Forex: Light News Ahead of FOMC - Charts Not Impressive by Jerry Furst
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Jan 28, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Jan 28, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jan 28, 10:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Jan 28, 11:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Jan 28, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Jan 28, 14:00 GMT | Main Fundamental theme in the Currency Market | John Kicklighter | WBN |  |
Current Session: Europe
GBP USD broke the downtrend to begin a bullish movement
Mataf.net
− 1,4255. GBP USD broke the downtrend to begin a bullish movement. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a support above 1,4120 (135 pips). The uptrend should continue on 1,4410 resistance (155 pips).
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Trading News Report − EUR/USD: Trading the FOMC Interest Rate Decision by FXCM
If the FOMC raises the outlook for long−term growth and takes additional steps to anchor the outlook for inflation, we will look for a green, five−minute candle following the commentary to confirm a short trade (long dollar) on two lots of the EURUSD.
Daily Technical Analysis − USD/JPY: Creeping unsteadily sideways by Mizuho Corporate Bank
Creeping unsteadily sideways, with a potential ‘double bottom' at 87.10, and we still feel prices ought to move up to 91.000. The pace should pick up a little on a sustained break above 90.00, and the longer we hold above the 88.50 area the sooner the squeeze higher.
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 FED INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Jan 28 | 19:15 | Fed Interest Rate Decision | 0.25% | 0.25% |
US: FOMC − Preview of policy meeting by Danske Bank A/S
On Wednesday night at 20:15 CET the Federal Open Market Committee (FOMC) is set to announce its policy rate decision. In line with market expectations and analyst consensus, we expect the Fed to keep the 0−0.25% range on the Fed funds target in place.
- Read the Rate data at Federal Reserve
Technical Trader Closing Brief - Quiet Pre−FOMC Session by The Technical Trader
Trading News Report - EUR/USD: Trading the FOMC Interest Rate Decision by FXCM
Top Market Movers Review
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 28 | 07:00 | Gfk Consumer Confidence Survey | 2.2 | 1.9 | 2.2 |
UPDATE:German GfK Feb Consumer Sentiment At 2.2 Vs 2.2 In Jan (Dow Jones)
German market research group GfK's forward−looking consumer climate index defied expectations for a drop, remaining unchanged from January at 2.2 points for the month ahead.
[ Full Story ]- Read the Consumer Confidence survey at Gfk
- German GfK Consumer Confidence Index for February at 2.2, unchanged from Jan (FXstreet.com)
- INSTANT VIEW 1−German GfK Feb consumer indicator steady at 2.2 (Thomson Financial News)
- German consumer morale steady going into Feb − GfK (Thomson Financial News)
EMU economic indicators - German Confidence, likely to have declined by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 28 | 00:30 | AU | Consumer Price Index (QoQ) (4Q) | -0.3% | -0.4% | 1.2% |
| 08:36 | DE | Consumer Price Index (MoM) (Dec)  | -0.2% | 0.3% | ||
| 08:36 | DE | Consumer Price Index (YoY) (Dec) | 1.2% | 1.1% | ||
| 07:00 | DE | Gfk Consumer Confidence Survey (Jan) | 2.2 | 1.9 | 2.2 |
|
| 10:30 | CH | KOF Leading Indicator (Jan) | -0.39 | |||
| 19:15 | US | Fed Interest Rate Decision | 0.25% | 0.25% | ||
| 20:00 | NZ | RBNZ Interest Rate Decision | 4% | 5% | ||
| 23:50 | JP | Large Retailer's Sales (Dec) | -5.2% | -3.2% | ||
| 23:50 | JP | Retail Trade (YoY) (Dec) | -1.6% | -0.9% | ||
| 23:50 | JP | Retail Trade s.a (MoM) (Dec) | -0.8% | -0.1% | ||