25 Jan - 29 Jan News

Waiting for GBP GDP this afternoon...
http://www.dailyfx.com/forex/market_alert/2010-01-25-2222-British_Pound_May_Decline_Despite.html

GJ has been up since it touched 144.xx last Friday until this morning 147.32, but will it cont. going up or back down again after touching 147.xx?(double top maybe...?I'm not sure)

Nice movement just now coming down frm 147.32 -> 145.8x

For this week news (all in local time):
26/1 Tue
GBP GDP 4Q at 5.30pm
USD Consumer Confidence at 11.00pm

27/1 Wed
EUR German CPI at 7.50-8.00am
AUD CPI at 8.30am
USD New Home Sales (Dec) at 11.00pm

28/1 Thur
USD FOMC Interest rate decision at 3.15am
NZD Interest rate decision at 4.00am
EUR German Unemplyment Change (Jan) at 4.55pm
USD Durable Goods Orders (Dec) at 9.30pm

29/1 Fri
JPY CPI at 7.30am
JPY Jobless Rate (Dec) at 7.30am
USD GDP 4Q at 9.30pm
USD U.of Michigan Confidence report at 10.55pm

This afternoon we see GBP GDP figure lower that expected causing GJ drop frm 146.2x -> 144.2x in single 1Hr candle...

Expected : 0.4%
Actual : 0.1%
Previous : -0.2%

Although figure better than previous one but still it didn't help
http://www.dailyfx.com/forex/market_alert/2010-01-26-1231-U_K__Emerges_From_Recession__GDP.html

USD Consumer Confidence figure better than expected
http://www.bloomberg.com/apps/news?pid=20601087&sid=antNrdYq5CZE&pos=2

Seems like EU shown a drop of about 50 points yesterday morning (wasnt watching forex yesterday), directly banking on a falling trend line.

I suspect EU is just waiting for 200 EMA to bottom-crossover 200 SMA for the trend to really begin. Also watch out for retracement back to 50EMA and bounce, that's a very visual confirmation that downtrend is definite.

We can confirm it further by looking at the weekly charts, for the same lines 200 SMA, 200 EMA, and 50 EMA.. 50 EMA is still above the 200 MA lines, so maybe this will be starting a shift downtrend? According to experts? haha... Visually confirm it with weekly. then a long term downtrend will begin.

EU hmm.... didn't really watch EU, but I noticed EJ holding on 125.xx last night
I read somewhere ppl targeting EU until 1.38 area