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Rise and shine! Currencies & Coffee here, making sense of the markets with less drama than your favourite soap opera.

Here’s what we have covered today:

☕ NFP, FOMC and BOE Rate Decisions

☕ The Uberization of Investing

☕ GBPAUD, AUDUSD & EURJPY Trades

🗞️Movers & Shakers🗞️

Alright, traders! Let's dive into some key financial events this week.

Here's what's coming up:

• U.S. Quarterly Funding Announcement: Keep an eye on Treasury Secretary Janet Yellen's announcement later today about the U.S. Treasury's borrowing plans. The details, especially the size and duration of bond sales, could hint at economic confidence and impact U.S. dollar demand. Watch out for more specifics on Wednesday!
• Euro Area GDP (Jan. 30, 10:00 am GMT): The Euro Area is set to release its Q4 GDP data. A predicted 0.1% contraction could signal a technical recession. Preceding GDP releases from France, Spain, Italy, and Germany earlier in the day could set the stage for the Euro's movement.
• FOMC Statement and Presser (Jan. 31, 7:00 pm GMT): Expectations are high for the Fed to maintain its current interest rate range. Without new economic projections, all eyes will be on Powell's speech for any hints of future rate cuts. Watch for market reactions to dovish comments or signs of a slower balance sheet reduction.
• BOE Decision (Feb. 1, 12:00 pm GMT): The Bank of England is likely to keep interest rates steady, but the vote split could be crucial. Fewer hawks might signal a potential rate cut, affecting the British pound. Look for a balanced tone acknowledging inflation progress but cautious about wage growth.
• U.S. NFP Report (Feb. 2, 1:30 pm GMT): The U.S. is expected to add 155K jobs in January, with a slight slowdown in average hourly earnings and stable unemployment. Leading indicators like the JOLTS job openings, ADP report, and initial jobless claims earlier in the week could provide early insights. But remember, annual revisions might make these numbers a bit unpredictable.

The 'Uber' of Financial Markets is Here

The new year is well underway, and I want to share with you an exciting and largely untouched opportunity that's revolutionizing the world of retail investing. It's time to discover the 'Uber' of financial markets - proprietary (prop) trading.

The Uberization of Retail Trading

Recently, at the Finance Magnates Summit in London, Vitaly Kudinov, SVP of Sales and Business Development at Devexperts, made an insightful comparison between prop trading and Uber's ride-sharing service. Just as Uber allows individuals to provide transportation services using someone else's vehicle, prop trading enables traders to operate in financial markets with a firm's capital, not their own.

This innovative approach is transforming the trading landscape. Prop firms provide the necessary resources – much like Uber provides vehicles – and in return, they share in the profits generated by traders. It's a win-win: traders get access to significant capital and advanced trading platforms, while prop firms benefit from the skills and profits of a diverse pool of traders.

Why Forex Prop Trading is Your Golden Ticket in 2024

Forex prop trading stands out as the biggest opportunity for new investors this year. Why? Because it offers a low barrier to entry and requires no capital investment from your side. You don't need thousands of dollars to start; all you need is the skill and strategy to trade effectively.

Our Commitment to Your Success

At SFX Global, we specialize in training traders with our proven swing trading methods. We don't just teach you; we also empower you with funding with our firm's capital up to $3.25 million. This means you can potentially generate an additional $5,000 to $10,000+ a month without risking a single penny of your own money.

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Don't let this opportunity pass you by. Embrace the future of investing with us and start your journey to financial empowerment today.

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SIP,  LAUGH,  TRADE 😁

📈LATTE LINEUP📈

-GBPAUD-

HTF (Daily): I had previously shared this setup; however, we had no entry. Previously the price made a lower low and has now retraced all the way to the 100% Fibonacci level and previous high. This is the last area for sellers to enter, as a break of this level would signify a break of the bearish trend.

The sellers have indeed entered as seen from the strong bearish engulfing and volume spike seen. Lets go to the lower time frame (LTF) to look for a entry opportunity.

LTF (1-HR): The price has been moving sideways on the 1-hr, and we have now broken the LTF support level. I want to see a retest confirmed by bearish rejection or engulfing candles to take a sell position. My stop loss will go above the previous highs, and I'll target the previous HTF low.