Forex trading plan for Jan. 20
The main topic of the week is the upcoming ECB meeting on Thursday. The market players will continue making assumptions about what the European quantitative easing (QE) program would be like. In the meantime, watch German ZEW Economic Sentiment indicator due on Tuesday (10:00 GMT): this release may give the euro power for some correction up. Also pay attention to China’s GDP (02:00 GMT): the nation’s economic growth will likely slow down, and a lower reading will increase bearish pressure on AUD/USD.