Tuesday, Jan 27, 12:12 GMT
U.S. Trading Newsletter
To Get Started
- Webinar VIDEOS: Rule Based Short Term Trading In Forex by Sam Seiden
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
The Advisor Blog: Gbp/Usd short and medium term by Valeria Bednarik
Gbp upside rally continues slow but firm, and the pair is right now a bit exhausted to the upside. Quoting around 1.4130, you can see the pair fighting the 50% of this week max/min Fibonacci retracement and loosing steam, as indicators begin to turn to flat.
FX Market Readings: EURO and GBP are expected to firm up and to make sudden drop by Dr.S. Sivaraman
Sponsored by 
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jan 27, 15:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Jan 27, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| 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 | |
| Tue, Jan 27, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe − U.S.
Greenback Oversold, Expect Up Corrections Today
Swiss e Trade AG − The better than expected IFO German business climate index this European morning resulted in further up movements for the pair, currently trading at 1.3260. Based on the overbought situation and the near resistance 1.3300 line, we see a down correction, finding support at 1.3190. From there, further upward moves can set in.
.
Daily FX Report − The JPY fell against major currencies by Varengold Wertpapierhandelsbank AG
The JPY fell against major currencies, as gains in Tokyo shares reduced demand for the currency. Today, the Japanese government said it would offer public funds to companies whose capital is seriously hurt by the financial crisis.
Weekly Technical Chart − EURGBP by Chart−Workshop
EUR/GBP bouncing off the 10 week moving average and hitting both targets mentioned in last weeks strategy paper 0.9312 and 0.9370.
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 CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Jan 27 | 15:00 | Consumer Confidence | 37.9 | 38.0 |
US economic indicators - Consumer confidence indicators (January): still at very low levels by BHF−Bank
The Conference Board's consumer confidence dropped by 6.7 points to an all−time low of 38.0 in December, thus erasing the previous month's improvement which had probably been connected with the result of the presidential elections. Consumers' focus seems to have shifted again to the deterioration in the labour market.
[ Full Story ]Top Market Movers Review
UK CBI DISTRIBUTIVE TRADES SURVEY − REALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 27 | 11:00 | CBI Distributive Trades Survey − Realized (MoM) | -47 | -53 | -55 |
UK CBI retail sales continue declining in January but at a slower pace (FXstreet.com)
Widespread discounts during Christmas days have not been of much help to reactivate UK's high street sales, as retail turnover continues declining while sales expectations for next month have reached an all time low, according to figures by the Confederation of British Industry.
[ Full Story ]- CBI Distributive Trades Survey at Confederation of British Industry
- UK retail sales ease in January off record low−CBI (Thomson Financial News)
- TABLE−UK CBI Jan distributive trades survey (Thomson Financial News)
- United Kingdom Jan CBI retail sales index rises to −47 in Jan from −55 in Dec (FXstreet.com)
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 27 | 09:00 | IFO − Expectations | 79.4 | - | 76.8 |
| Jan 27 | 09:00 | IFO − Business Climate | 83.0 | 81.0 | 82.6 |
German Ifo index rises unexpectedly in Jan (Thomson Financial News)
German corporate sentiment unexpectedly improved slightly in January, buoyed by a rise in business expectations, a closely watched survey showed on Tuesday.
[ Full Story ]- UPDATE 2−German business morale rise boosts recovery hopes (Thomson Financial News)
- INSTANT VIEW 8−German Ifo index posts first rise in 8 months (Thomson Financial News)
- INSTANT VIEW 7−German Ifo index posts first rise in 8 months (Thomson Financial News)
Daily Trading Forecast - Better than expected IFO fuels the Euro by Swiss e Trade AG
Trading News Report - EUR/USD: Trading the German IFO − Business Climate Report by FXCM
EMU economic indicators - German ifo business climate (January): down by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 27 | 09:00 | EMU | Current Account n.s.a (Nov) | -13.9B | -4.8B | |
| 09:00 | EMU | Current Account s.a (Nov) | -16B | -8B | -6B |
|
| 09:00 | DE | IFO − Business Climate (Jan) | 83.0 | 81.0 | 82.6 | |
| 09:00 | DE | IFO − Expectations (Jan) | 79.4 | 76.8 | ||
| 09:00 | CH | UBS Consumption Indicator (Dec) | 1.15 | 0.96 | ||
| 11:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Jan) | -47 | -53 | -55 | |
| 14:00 | US | S&P/Case−Shiller Home Price Indices (Nov) | -18% | -18% | ||
| 15:00 | US | Consumer Confidence (Nov) | 37.9 | 38.0 | ||
| 15:00 | US | Richmond Fed Manufacturing Index (Jan) | -49 | -55 | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Jan 25) | -53 | |||