The News Review:

- FREX-Euro gains vs dlr yen; risk aversion eases as Fed eyed
- FREX-Yen dollar in retreat as focus turns to Fed
- Market verview by Forex Yard

FREX-Euro gains vs dlr yen; risk aversion eases as Fed eyed
Reuters 
7 percent; Fed meeting eyed * Market awaits news of more Fed measures to boost economy * Weak Swiss data dents franc; RBNZ seen cutting rates (Adds quotes updates prices) By Jessica Mortimer LNDN Jan 28 (Reuters) – The euro gained against thedollar and the yen on Wednesday helped by rising equities andeasing risk aversion with focus on the meeting of U. rate-setters later in the day. Some better-than-expected economic data and corporateearnings results this week have encouraged investors to adjustsome of their extreme risk averse positions although theyremain mindful that the global economy is still in deep trouble.

FREX-Yen dollar in retreat as focus turns to Fed
Reuters 
Federal Reserve’s policy meeting later in the day. Positive earnings on Wall Street the previous day helped todrive up European and Asian shares while a key U.

Market verview by Forex Yard
Forex Hound NY 
The Wild Card* GoldThe price of this commodity appears to be hovering near the over-sold territory on the hourly and 4-hour charts’ RSI signaling an upward correction may occur soon. The imminent bullish cross on the 4-hour chart’s Slow Stochastic adds weight to this notion while the weekly chart’s Momentum oscillator also shows sharp upward pressure. As this commodity continues to surge upwards forex traders have the potential to join the upswings by entering early at great prices and capturing their profits. Date Time Country Event Period Previous Forecast Importance © 2006 by FxYard LtdDisclaimer: Investment in the currency exchange is highly speculative and should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This and any analysis published or received from FREXYARD is for informational use. Accordingly we make no warranties or guarantees in respect of the content.
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