Wednesday, Jan 30, 12:01 GMT
U.S. Trading Newsletter
To Get Started
- Webinars VIDEOS: Raghee Horner's Four Step Trading: Forex by Raghee Horner
- Special Event: Trade Non−Farm Payrolls LIVE − 21st Edition
- Improve your trading with our Trading Tools
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FEATURED SPECIAL COVERAGE − Central Banks: Fed
After the emergency 75bp rate cut to 3.5% that the Fed applied last week, traders are awaiting what will the bank do on today's meeting.
- Compare the movements in our World Interest Rates Table
- Special Webinar: Live Coverage of FOMC US Interest Rate Announcement
Live Sessions Schedule
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Wed, Jan 30, 12:30 GMT
Sponsored by: 
Type of Session: Webinar
Practical Trading with MACD
Expert: Valeria Bednarik
Start: Wed, Jan 30, 16:00 GMT
Type of Session: Webinar
Topics
− Different kind of signals and how to read them
− Advantages and disadvantages
| Sponsored by | ||||
| Wed, Jan 30, 12:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Wed, Jan 30, 14:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN |  |
| Wed, Jan 30, 14:30 GMT | US Session Open  | Ed Ponsi | WBN |  |
| Wed, Jan 30, 15:00 GMT | Tracking the forex market together / Part II: Review | Dr.S.Sivaraman | WBN | |
Current Session: Europe − U.S.
GBP/USD
Daily Forex News − US Durable goods better than expected, Dollar gains erased this morning by ACM − Advanced Currency Markets
GbpUsd continues to hold firm after breaking out of its downward channel. The near−term target is 2.0137, while minor support holds at 1.9765. Traders watch for 1.9710 (the upper trend line on the downward channel) for a possible Winnipeg trade.
- Commitment of Traders (COT) Indicator − Free Access Day by S. Wade Hansen, 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 Analysis − U.S. dollar remains stable due to the Fed interest rate by Finotec Group Inc.
Forex Trading Strategies − FOMC rate decision on tap with 50 bp cut expected by Saxo Bank
Majors at a Glance
- EUR/USD
- Moves up above pivot level 1.4769
01/30/2008 10:33 GMT - GBP/USD
- Continues to trade around opening price level 1.9895 , above pivot level 1.9878
01/30/2008 10:33 GMT - USD/CHF
- Moves down towards first support level 1.0893
01/30/2008 10:35 GMT - USD/JPY
- Continues to move down below first support level 106.58
01/30/2008 10:36 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 GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| Jan 30 | 13:30 | Gross Domestic Purchases Price Index | - | 1.7% |
| Jan 30 | 13:30 | Gross Domestic Product Annualized | 1.2% | 4.9% |
GDP Observatory - GDP growth in 4Q07 by BBVA Bancomer
We estimate that real GDP growth slowed to 1.1% in 4Q07 down from 4.9% in 3Q07. Our GDP forecast implies a 2.6% year−over−year growth rate in 4Q07 from 2.8% in 3Q07. Excluding residential investment, GDP components grew in 4Q07 though at a slower pace than in 3Q07.
[ Full Story ]- Special Webinar: Watch Live Coverage of the US GDP with Jerry Furst
- Ahead of the Bell:Low 4Q growth expected (Thomson Financial News)
US economic indicators - GDP growth in Q4 could have slowed down to about 1% qoq by BHF−Bank
Action Insight Weekly Report − Volatility to Continue this Week with FOMC, Q4 GDP and NFP by ActionForex.com
Top Market Movers Review
UK M4 MONEY SUPPLY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 30 | 09:30 | M4 Sterling Lending | £17.4B | - | £15.7B |
| Jan 30 | 09:30 | M4 Money Supply (MoM) | 1.5% | - | 0.6% |
| Jan 30 | 09:30 | M4 Money Supply (YoY) | 12.3% | - | 11.6% |
UK Dec M4 up monthly 1.5 pct for 12.3 pct annual gain (Thomson Financial News)
The UK's money supply continues to expand at a rapid rate to the likely concern of some rate−setters at the Bank of England.
[ Full Story ]- Read the M4 Money data at BoE
- UK M4 money supply increases 12.3% year−on−year in December (FXstreet.com)
- United Kingdom Dec M4 Money Supply up to 1.5% on the month; 12.3% rise on the year (FXstreet.com)
- Tony Juste, FX Advisor at FXstreet.com: "With the credit crisis spreading out, M4 levels will certainly give us a clue where the monetary base is heading. A low reading would suggest contraction in consumption is just taking effect, and that should have clear negative effects on the GBP." − FXstreet.com
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 30 | 09:30 | UK | M4 Money Supply (MoM) (Dec) | 1.5% | 0.6% |
|
| 09:30 | UK | M4 Money Supply (YoY) (Dec) | 12.3% | 11.6% |
||
| 09:30 | UK | Net Consumer Credit (Dec) | 0.6B | 1.1B | 1.2B |
|
| 09:30 | UK | Net Lending to Individuals (Dec) | £9.1B | £9.2B |
||
| 10:30 | CH | KOF Swiss Leading Indicator (Jan) | 1.70 | 1.95 | 1.84 |
|
| 12:00 | US | MBA Mortgage Applications (Jan 25) | 8.3% | |||
| 13:15 | US | ADP Employment Change (Jan) | 40 | |||
| 13:30 | US | Gross Domestic Product Annualized (4Q)  | 1.2% | 4.9% | ||
| 19:15 | US | Fed Interest Rate Decision (Jan 30) | 3.25% | 3.50% | ||
| 21:45 | NZ | Trade Balance (Dec) | -0.65B | |||