Thursday, Jan 29, 12:09 GMT
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Forex Blogs
The Advisor Blog: Eur/Usd for today by Valeria Bednarik
Following our 4 hours charts, the pair break under the 1.3120 neck level mentioned yesterday, and quickly run to the downside, reaching a 1.3030 low, from where the pair has rebounded nicely. Right now, the pair is fighting the 1.3120 resistance level, and if remains under could mean the pullback to the figure neck.
FX Market Readings: Today’s expected moves in EURO and GBP by Dr.S. Sivaraman
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| Thu, Jan 29, 15:00 GMT | Central Bank Review | Adam Rosen | WBN | |
Current Session: Europe − U.S.
EUR/USD: Trading the U.S. Durable Goods Orders Report
FXCM − The U.S. dollar may face increased selling pressures over the next 24 hours of trading as economists forecast durable goods orders to drop another 2.0% in December after falling 1.0% in the previous month. Therefore, we will look for an increase of at least 0.5%, and with our expectations at hand, we will look for a red, five−minute candle following the release to generate a short entry on two lots of the EURUSD.
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Daily Trading Forecast − A retreat then to support at 1.1460 is in the cards by Swiss e Trade AG
The dollar is currently priced at 1.1550 against the Swiss franc. The current upmove will soon run into a solid resistance point at 1.1600, which we expect to hold. A retreat then to support at 1.1460 is in the cards.
Daily Analysis − The Sterling rises and George Soros says he is no longer shorting the pound by Finotec Group Inc.
The pound rose for a third day against the dollar and climbed versus the euro as Citigroup Inc. recommended buying Lloyds Banking Group Plc shares, easing concern about government aid needed to bail out lenders.
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 DURABLE GOODS ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Jan 29 | 13:30 | Durable Goods Orders | -2.0% | -1.5% |
| Jan 29 | 13:30 | Durable Goods Orders ex Transportation | -2.6% | 0.6% |
Trading News Report - EUR/USD: Trading the U.S. Durable Goods Orders Report by FXCM
The U.S. dollar may face increased selling pressures over the next 24 hours of trading as economists forecast durable goods orders to drop another 2.0% in December after falling 1.0% in the previous month.
[ Full Story ]Daily FX Market Commentary - Several factors are weighing on the durable goods manufacturing industry by Danske Bank A/S
Top Market Movers Review
EMU CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 29 | 10:00 | Consumer Confidence | -31 | -31 | -30 |
| Jan 29 | 10:00 | Industrial Confidence | -34 | -36 | -33 |
| Jan 29 | 10:00 | Economic Confidence | 68.9 | 65.4 | 70.4 |
Euro Zone's economic confidence weakens to historic lows in January (FXstreet.com)
Economic confidence has weakened in the Euro Area to historically low levels in yet another signal of the financial downturn affecting global economy, as the latest survey by the European Commission shows.
[ Full Story ]- Read the Confidence data at European Commission
- UPDATE 1−Euro zone sentiment hits record low in January (Thomson Financial News)
- GLOBAL MARKETS: US Stocks Seen Tumbling As Confidence Erodes (Dow Jones)
- INSTANT VIEW 6−Euro zone sentiment hits record low in January (Thomson Financial News)
EMU economic indicators - EMU industrial confidence and economic sentiment (January): down by BHF−Bank
Germany UNEMPLOYMENT RATE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 29 | 08:55 | Unemployment Change | 56K | 30K | 18K |
| Jan 29 | 08:55 | Unemployment Rate s.a. | 7.8% | 7.7% | 7.7% |
UPDATE: German Labor Office: Econ Slump Reached Jobs Mkt (Dow Jones)
Germany's jobs market in January continued to deteriorate sharply heralding a strong increase in unemployment in Europe's largest work force in 2009.
[ Full Story ]- Bundesagentur für Arbeit
- UPDATE 2−German Jan jobless rise is biggest in nearly 4 yrs (Thomson Financial News)
- UPDATE 1−German Jan jobless rise is biggest in nearly 4 yrs (Thomson Financial News)
- INSTANT VIEW 5−German jobless rise strongest in 4 years (Thomson Financial News)
EMU economic indicators - German adjusted unemployment (January): sharp rise due to recession and cold weather by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 29 | 08:55 | DE | Unemployment Change (Jan) | 56K | 30K | 18K |
| 08:55 | DE | Unemployment Rate s.a. (Jan) | 7.8% | 7.7% | 7.7% |
|
| 09:00 | EMU | M3 (YoY) (Dec) | 7.3% | 7.6% | 7.8% | |
| 10:00 | EMU | Consumer Confidence (Jan) | -31 | -31 | -30 | |
| 10:00 | EMU | Economic Confidence (Jan) | 68.9 | 65.4 | 70.4 |
|
| 10:00 | EMU | Industrial Confidence (Jan) | -34 | -36 | -33 | |
| 13:30 | US | Continuing Jobless Claims (Jan 17) | 4607K | |||
| 13:30 | US | Durable Goods Orders (Dec) | -2.0% | -1.5% |
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| 13:30 | US | Durable Goods Orders ex Transportation (Dec) | -2.6% | 0.6% |
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| 13:30 | CA | Industrial Product Price (MoM) (Dec) | -2.8% | -2.6% | ||