Wednesday, Jan 28, 12:23 GMT
U.S. Trading Newsletter
To Get Started
- Webinar VIDEOS: Selling Covered Options in the Forex by John Jagerson
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Gbp/Usd follow up by Valeria Bednarik
Gbp continues pushing higher, ready to break the daily maximum. as the pair remains above the 1.4300. If passes 1.4330, next target will be the 61.8% retracement of this week Fibo, @ 1.4366, followed by the zone 1.4395, and a more tough resistance at 1.4445/60 zone.
FX Market Readings: FOMC interest rate decisions and expected market moves by Dr.S. Sivaraman
Sponsored by 
Live Sessions Schedule
Main Fundamental theme in the Currency Market
Expert: John Kicklighter
Start: Wed, Jan 28, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Live Coverage of FOMC US Interest Rate Announcement
Expert: Jerry Furst
Start: Wed, Jan 28, 17:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| 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 | |
| Wed, Jan 28, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Jan 28, 15:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN | |
Current Session: Europe − U.S.
The pair halted its upmove in early European trading
Swiss e Trade AG The pair halted its upmove in early European trading and is currently priced at 1.3252. We expect another attack on the resistance line at 1.3300 in today's trading, this time successful in breaking it on the upside, leading to levels around 1.3370
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Technical Outlook − EUR/GBP − Sell by Danske Bank A/S
EUR/GBP has, over the past 4 trading days, formed a bearish evening star. This could be the start of the second bearish leg, which could take EUR/GBP down to 0.8612−0.8560.
Daily FX Market Commentary − A large cut could see NZD come under pressure by Danske Bank A/S
RBNZ will lower the cash rate by 100bp to 4.00%. A large cut could see NZD come under pressure − also against AUD. We are looking for NZD/USD to fall below 0.50 in H1.
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 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
- Dollar rates snap upwards streak ahead of Fed (Thomson Financial News)
- TOPWRAP 2−Europe's consumers resilient, new Fed easing awaited (Thomson Financial News)
Daily FX Market Commentary - Fed to keep the 0−0.25% range on the Fed funds target by Danske Bank A/S
Technical Trader Closing Brief - Quiet Pre−FOMC Session by The Technical Trader
Top Market Movers Review
Switzerland KOF LEADING INDICATOR
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 28 | 10:30 | KOF Leading Indicator | -0.87 | - | -0.45 |
INSTANT VIEW 1−Swiss KOF indicator hits record−low in Jan (Thomson Financial News)
Switzerland's leading indicator growth indicator, the KOF economic barometer, fell to −0.87 in January, the KOF Swiss Economic Institute said on Wednesday.
[ Full Story ]- Read the Leading Indicator data at KOF Institute
- INSTANT VIEW 4−Swiss KOF indicator hits record−low in Jan (Thomson Financial News)
- INSTANT VIEW 3−Swiss KOF indicator hits record−low in Jan (Thomson Financial News)
- Swiss KOF barometer at record low, signals recession (Thomson Financial News)
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
- TOPWRAP 2−Europe's consumers resilient, new Fed easing awaited (Thomson Financial News)
- 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)
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 (YoY) (4Q) | 3.7% | 5.0% | |
| 12:23 | DE | Consumer Price Index (MoM) (Dec)  | -0.2% | 0.3% | ||
| 12:23 | 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) | -0.87 | -0.45 |
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| 12:00 | US | MBA Mortgage Applications (Jan 23) | -38.8% | -9.8% | ||
| 15:30 | US | EIA Crude Oil Stocks change (Jan 23) | 2.8M | 6.1M | ||
| 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% | ||