Monday, Jan 26, 12:10 GMT
U.S. Trading Newsletter
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Forex Blogs
The Advisor Blog: Usd/Jpy in the short term by Valeria Bednarik
The pair is fighting a daily descendant trend line, that has been holding the upside: the 89.50 zone should give enough resistance in the short term, and supports will be 89.10, the zone @ 88.60 and finally 88.20. A 4 hours candle opening above the congestion zone between 89.45/89.60, could send the pair to retest the key 90.00 zone.
FX Market Readings: Week beginning volatile moves by Dr.S. Sivaraman
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Live Sessions Schedule
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
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jan 26, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| 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 | |
| Mon, Jan 26, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: Europe − U.S.
(Swiss e Trade AG) − Just imagine: Your business is not doing very well and therefore people invest in it. This is happening in Japan, where the economy is in the doldrums, but its currency is getting stronger and stronger. That is because the external value of a currency is measured by the stature of its national piggy bank, not by the country's economic prosperity.
he now three−day−old sideways trend channel in the pair remained intact in late Asian and early European trading hours, with current prices around 89.19. This is near the top of the 89.40 / 88.20 trading range which we see continuing in today's market.
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Daily Forex News − US Dollar strength hangs on Q4 GDP and FOMC Decision releases this week by ACM − Advanced Currency Markets
Some more consolidation could still be seen for the moment with an intraday low in place at 1.3503 and recovery to 1.4052 minor resistance cannot be ruled out. But still, upside is expected to be limited well below 1.4469
Daily Analysis − The Euro and Sterling weaken on speculation that interest rates will go down by Finotec Group Inc.
The euro and the British pound fell against the dollar, the 16−nation euro declined versus Japan's currency before data that may show business sentiment in Germany slumped. The EUR/USD is currently trading at $1.2952 as of 9:20am, GMT.
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
EUR USD, 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% |
Daily Forex Technical Report - Existing home sales probably plunged −2% to 4.4M by ActionForex.com
The economic calendar is light today with main focus on US housing data. Existing home sales continued its downward spiral and probably plunged −2% to 4.4M units in December from 4.9M units in the previous month.
[ Full Story ]Friday Notes - Housing slump drags down sales and prices by UniCredit Group
The Trading Week - The Trading Week: Jan. 26 − Jan. 30 by AllThingsForex
Top Market Movers Review
UK BBA MORTGAGE APPROVALS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 26 | 09:30 | BBA Mortgage Approvals | 22.1K | 17.0K | 17.4K |
UK BBA Mortgage Approvals increase against expectations in December (FXstreet.com)
Mortgage approvals have increased somewhat in the UK in December, although they remain at levels well weaker than twelve months ago, according to data released by the British Banker's Association.
[ Full Story ]- Read the Mortgage Approvals data at BBA
- UPDATE: BBA: UK Mortgage Approvals Fell By 52% In 2008 (Dow Jones)
- UPDATE 1−UK mortgage approvals pick up from record low−BBA (Thomson Financial News)
- DATA SNAP: BBA: UK Mortgage Approvals Drop 52% In 2008 (Dow Jones)
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) | 22.1K | 17.0K | 17.4K |
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| 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% | ||