| Action Insight Daily Report |
Yen Extends Gain, Dollar in Range ahead of FOMC Yen strengthens broadly in Asia today as China's Securities Times reported that regulators have ordered banks to call back some of the loans they extended in January. Investors continue to be concerned with more tightening measures from China to cool inflation. Dollar is staying in tight range while crude oil and gold continue to consolidate above recent low of 73.82 and 1081.9. Markets are cautious on event risks including FOMC announcement, and US President Obama's speech. In particular, focus will be on any comments from Obama on the bank proposal which rocked the financial markets last week. Full Report Here... |
| Special Report |
FOMC Preview: Current Conditions Warrant Low Interest Rates The Fed is expected to keep the policy rate unchanged at 0-0.25% at the January meeting. While there have signs showing improvement in economic outlook, job markets remained the area the Fed concerned the most. The number of payrolls unexpectedly plunged -85K in December, compared with consensus of no change from November, while the unemployment rate stayed at 10%. The Fed will wait until unemployment rate has dropped substantially before considering rate hikes. Full Report Here... |
| Candlesticks & Ichimoku Analysis |
Trade Idea: EUR/USD - Sell At 1.4160 Euro's sharp retreat from 1.4195 signals correction from 1.4029 has ended there and bearishness remains for recent decline from 1.5145 top to resume after consolidation and extend weakness to 1.4015 (50% Fibonacci retracement of 1.2885 to 1.5145) and possibly towards 1.3950, however, loss of downward momentum should prevent sharp fall below 1.3920 (50% projection of 1.4580 to 1.4029 measuring from 1.4195) and reckon 1.3854 (61.8% projection) would hold, bring rebound later. Full Report Here... Trade Idea: USD/JPY - Sell At 90.50, O.C.O. Buy At 88.40 The greenback has continued to move lower and the decline from 93.78 top is likely to extend weakness to 88.83, however, oversold condition should prevent sharp fall below there and reckon support at 88.32 (also below 100% projection of 93.78 to 90.31 measuring from 91.88 at 88.41) would attract buying interest and bring a strong rebound later. Full Report Here... |
| Featured Technical Report | Market Highlights |
GBP/JPY Daily Outlook Daily Pivots: (S1) 143.41; (P) 145.34; (R1) 146.62; More GBP/JPY drops further to as low as 143.62 so far today and at this point, intraday bias remains on the downside for 141.99 support next. As noted before, whole sideway consolidation from 139.69 might have completed at 150.68 already and decline from 163.05 is possibly resuming. Break of 141.99 support will further affirm this bearish case and target a retest on 139.26 next. On the upside, above 144.99 minor resistance will turn intraday bias neutral and bring recovery. But upside should be limited by 147.25 resistance and bring fall resumption. Read more... All Technical Outlook Reports | Daily Top Movers | Top 5 | Current | Last | Change
(Pips) | Change
(%) | | NZDJPY | 62.95 | 63.45 | -50 | -0.79% | | CADJPY | 83.76 | 84.35 | -59 | -0.70% | | EURJPY | 125.42 | 126.14 | -72 | -0.57% | | CHFJPY | 85.21 | 85.67 | -46 | -0.54% | | GBPJPY | 143.95 | 144.68 | -73 | -0.51% | Last Updated: Jan 27, 07:10 GMT Currency Heat Map Daily View | USD | EUR | JPY | GBP | CHF | CAD | AUD | | USD | | | | | | | | | EUR | | | | | | | | | JPY | | | | | | | | | GBP | | | | | | | | Last Updated: Jan 27, 07:10 GMT |
| Economic Indicators Update |
| GMT | Ccy | Events | Actual | Consensus | Previous | Revised | | 23:30 | AUD | Westpac Leading Index M/M Nov | 1.00% | -- | 0.40% | 0.50% | | 23:50 | JPY | Trade Balance (JPY) Dec | 0.52T | 0.61T | 0.49T | 0.52T | | 0:30 | AUD | CPI Q/Q Q4 | 0.50% | 0.40% | 1.00% | | | 0:30 | AUD | CPI Y/Y Q4 | 2.10% | 2.00% | 1.30% | | | 0:30 | AUD | CPI RBA Trimmed Mean Q/Q Q4 | 0.60% | 0.60% | 0.80% | | | 0:30 | AUD | CPI RBA Trimmed Mean Y/Y Q4 | 3.20% | 3.20% | 3.20% | | | 0:30 | AUD | CPI RBA Weighted Median Q/Q Q4 | 0.70% | 0.60% | 0.80% | | | 0:30 | AUD | CPI RBA Weighted Median Y/Y Q4 | 3.60% | 3.50% | 3.80% | | | 5:00 | JPY | BoJ Monthly Report | | -- | -- | | | 11:00 | GBP | U.K. CBI Distributive Trades Jan | | 11 | 13 | | | 15:00 | USD | New Home Sales Dec | | 370K | 355K | | | 15:30 | USD | Crude Oil Inventories | | 1.4M | -0.4M | | | 19:15 | USD | FOMC Interest Rate Decision | | 0.25% | 0.25% | | | 20:00 | NZD | RBNZ Interest Rate Decision | | 2.50% | 2.50% | | | -- | EUR | German CPI M/M Jan P | | -0.30% | 0.80% | | | -- | EUR | German CPI Y/Y Jan P | | 1.00% | 0.90% | | | -- | EUR | German HICP M/M Jan P | | -0.40% | 0.90% | | | -- | EUR | German HICP Y/Y Jan P | | 1.00% | 0.80% | | |
| Suggested Readings |
FOMC Fundamental Highlights Technical Highlights |
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