Tuesday, Jan 29, 12:00 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Jan 29, 15:00 GMT
Type of Session: Webinar
Understanding Price Action and using Momentum to generate signals
Expert: Chris Capre
Start: Tue, Jan 29, 17:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jan 29, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Tue, Jan 29, 14:30 GMT | Forex with Ed Ponsi | Ed Ponsi | WBN | |
| Tue, Jan 29, 15:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN | |
| Tue, Jan 29, 16:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − GBP/USD 1.9850 − 29 January by iFOREX.bg
GBP/USD Open 1.9850 High 1.9887 Low 1.9730 Close 1.9814
First and strong resistance for the Cable today is 1.9890. Next is the top from 28 December at 1.2010, followed by 2.0110, where the 50 day crawling middle line passes. In downward direction support is expected at 1.9680, which is 37.8% correction of the climb 1.9340 − 1.9885.
- Webinars Video − Strategies for Long Term Profits in the Forex by by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Daily Outlook − EUR/USD mid−term analysis by Karoll
Market Session Snap−Shot − Asian Session − Japan Post Positive Figures by ACM − Advanced Currency Markets
Majors at a Glance
- EUR/USD
- Continues to trade above pivot level 1.4746
01/29/2008 11:58 GMT - GBP/USD
- Moves up towards first resistant level 1.9914
01/29/2008 11:58 GMT - USD/CHF
- Trades above pivot level 1.0909
01/29/2008 11:58 GMT - USD/JPY
- Trades above pivot level 106.64
01/29/2008 11:58 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Jan 29 | 13:30 | Durable Goods Orders | 1.9% | -0.1% |
| Jan 29 | 13:30 | Durable Goods Orders ex Transportation | 0.0% | -0.7% |
US economic indicators - GDP growth in Q4 could have slowed down to about 1% qoq by BHF−Bank
Despite transportation orders having risen by 1.5% mom, total durable goods orders decreased by 0.1% mom in November. Due to the strength in aircraft orders, which jumped by a further 62% mom, we expect durable goods orders to have risen by about 1.5% mom in December.
[ Full Story ]Top Market Movers Review
UK CBI DISTRIBUTIVE TRADES SURVEY − REALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 29 | 11:00 | CBI Distributive Trades Survey − Realized (MoM) | 4 | - | 8 |
DATA SNAP: CBI Jan Retail Sales Volume Eases To +4 Vs +8 Dec (Dow Jones)
Sales volumes at U.K. retailers grew at their slowest rate since November 2006 in January as market turmoil dented consumer sentiment, a survey by the Confederation of British Industry showed Tuesday.
[ Full Story ]- Read the report: January sales sluggish but beat expectations at CBI
- UK Jan retail sales continue to weaken − CBI UPDATE (Thomson Financial News)
- UK Jan retail sales continue to weaken − CBI (Thomson Financial News)
- UK CBI distributive sales index declines to 4% in January (FXstreet.com)
EMU CURRENT ACCOUNT S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 29 | 09:00 | Current Account n.s.a | 1.0B | - | 3.9B |
| Jan 29 | 09:00 | Current Account s.a | 0.7B | - | 3.1B |
DATA SNAP: Euro−Zone Adj Curr Acct Surplus Falls In Nov (Dow Jones)
The euro zone's seasonally adjusted current account surplus fell in November, data from the European Central Bank showed Tuesday. The current account surplus for the 13 countries that used the euro in November totaled EUR0.7 billion.
[ Full Story ]- Read the Current account data at ECB
- Euro Zone's trade surplus narrows in November (FXstreet.com)
- Euro zone Nov current account surplus 0.7 bln eur vs 3.1 bln in Oct UPDATE (Thomson Financial News)
- Euro zone Nov current account surplus 0.7 bln eur vs 3.1 bln in Oct (Thomson Financial News)
EMU economic indicators - M3 growth probably accelerated to 12.3% yoy in November by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 29 | 00:30 | AU | National Australia Bank's Business Conditions | 5 | 15 | |
| 07:15 | CH | Trade Balance (Dec) | 0.198B | 0.950B | 1.890B | |
| 09:00 | EMU | Current Account n.s.a (Nov) | 1.0B | 3.9B |
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| 09:00 | EMU | Current Account s.a (Nov) | 0.7B | 3.1B |
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| 09:00 | CH | UBS Consumption Indicator (Dec) | 2.200 | 2.203 |
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| 11:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Jan) | 4 | 8 | ||
| 13:00 | DE | IFO − Business Climate by Industry (Dec) | ||||
| 13:30 | US | Durable Goods Orders (Dec) | 1.9% | -0.1% |
||
| 13:30 | US | Durable Goods Orders ex Transportation (Dec) | 0.0% | -0.7% | ||
| 15:00 | US | Consumer Confidence (Jan) | 87.5 | 88.6 | ||