Today January 30 we are waiting for London Session to open and here we have some Economic Calender’s summary what we would be looking at for better trades.
Previously in Tokyo Session we have seen the data from Majors lets see.
New Zealand Dollar
We have News on Trade balance (YoY) Dec act –2.840M vs act –3,480M the data came Bullish than previous and expected numbers.
Secondly Trade Balance (MoM)Dec have improved on numbers came 640M act vs –1,223M
After this data Kiwi recently trading at 0.7323 as no major move we have seen in it but the price in contraction triangle the break below would lead to correction with support 0.7240 levels.
Next we have Japaneses Yen,
The clue was in the Job/Applications in dec which rose to 1.59 vs 1.56 where expectations was 1.57 data came positive that expected Secondly from Yen, Unemployment rate (Dec) showing 2.8% increased from 2.7% which is the thing of worry in Japan for now, in terms of controlling the inflation japan should not neglect the employment numbers.On the Other Side japan have improved on the Retails sales data YoY Dec the numbers came better than expected and stood at 3.6% than pre. 2.1% ,The Investors reacted to this news and dragged USDYEN to sessions low levels currently USDJPY made low from recent highs of 109.20 levels and slides towards 108.70 zone .yen rected across all the majors and minor pairs across the board and drives towards support levels.
Euro investors would be watching at GDP numbers from European union previous was 0.6% and cons is 0.6%as well,
Secondly,we have German CPI YoY forecast of 1.7% and previous was 1.7% and German CPI MoM standing near –0.5% where previous was 0.6%.
The Euro currently trading at 1.2360 levels before data release and likely to remain in pressure till data
You could see the The levels in EURUSD as we were recently discussed in –Technical Analysis on EURUSD Intraday
Ahead ,in European Session we have Speech from BOE Governor Carney we will keep you updating about it on 15.30 GMT on following address Also we have speech of ECB’s Mersch Speech ahead on 16.30 GMT from European union