Monday, Jan 08, 17:50 GMT
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How to become a professional trader - The six biggest mistakes that traders make and tips and tricks how to avoid
Expert: Markus Heitkoetter
Start: Tue, Jan 9, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- High-probability trading entries
- Trading strategies
What moves currencies?
Expert: Tony Juste
Start: Tue, Jan 9, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - Euro Drawing No Support From Trichet's Upbeat Comments by ActionForex.com
EUR/USD's recovery from 1.2979 was far from impressive and was limited by intraday falling trend line. EUR/USD extends weakness to 1.2971 in early US session. However, so far, EUR/USD has failed to stay firmly below 100% projection of 1.3362 to 1.3051 from 1.3296 at 1.2985 yet.
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Insight on the fundamentals in the Fundamentals section at FXstreet.com
- What´s next on the agenda? Take a look at our Economic Events Calendar
- What's going on in the markets? Read our latest Forex news
Other Topics for this Session:
Forex Trading Strategies - Sideways Movement in FX by Saxo Bank
Global FX Daily - U.S. Edition - Central bankers are currently meeting at the BIS by Mellon Foreign Exchange
FX Thoughts for the Day - FX Thoughts for the day - Evening - 08-Jan-2007....1206 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Continues to trade around 1.3000
1/8/2007 4:16:11 PM - GBP/USD
- Moves up above 1.9325
1/8/2007 4:18:44 PM - USD/CHF
- Trades slightly above 1.2350
1/8/2007 4:21:16 PM - USD/JPY
- Trades around 118.50
1/8/2007 4:23:50 PM
Charting the Market Movers
EUR USD, Hourly
EUR JPY, Hourly
Top Market Movers Preview
Australia Retail Sales
| Period | Previous | Consensus | Time |
| November | 0.8% | 0.3% | Jan 8, 00:30 GMT |
Economic Release Alert - Australian Retail Sales (NOV) by FXCM
Retail sales in Australia are expected to have grown 0.3 percent in November, representing what would be the fourteenth consecutive month in which sales passed unchanged or grew. The moderation in spending aligns itself with a number of peripheral indicators. Looking to big ticket items, generally the most sensitive to big trend changes in spending, a downward path has already been marked.
[ Full Story ]Top Market Movers Review
Germany Factory Orders
| Period | Previous | Consensus | Actual |
| November (MoM) | -1.1% | 1.5% | 1.5% |
| November (YoY) | 10.0% | 5.3% | 6.1% |
German Factory orders, up 1.5% in November, as expected by FXstreet.com
Manufacturing orders have increased by 1.5% in November, in line with the experts’ forecasts, according to the latest report released by the German Statistics Office. his reading comes after the 0.8% negative reading of October, which has been upwardly revised from the initially released -1.1%.
[ Full Story ]- German Nov manufacturing orders up 1.5 pct vs Oct (AFX News)
- German Nov machinery, plant new orders up 18 pct yr-on-yr - VDMA (AFX News)
Germany Retail Sales
| Period | Previous | Consensus | Actual |
| November (MoM) | -0.5% | 1.0% | -0.3% |
| November (YoY) | -0.8% | 0.3% | -0.5% |
German Nov retail sales down 0.3 vs Oct, down 0.5 pct yr-on-yr by AFX News
German retail sales were down 0.3 pct in real terms in November compared with October and were 0.5 pct lower than in November last year, according to preliminary figures from the Federal Statistics Office. Analysts polled by AFX News had forecast a 1.0 pct rise in retail sales month-on-month.
[ Full Story ]- Hubertus Pellengar, spokesman for the retailer's association HDE:
"Consumers were particularly keen on entertainment electronics and furniture. Nevertheless, we think that November figures (Germany Retail Sales) are a solid basis for stronger December figures including the Christmas business." - International Herald Tribune