Wednesday, Jan 10, 07:38 GMT
EUROPEAN Trading Newsletter
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Next Webinar
What moves currencies? - Trade Balance in sight
Expert: Tony Juste
Start: Wed, Jan 10, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- The importance in the exchange rate
- Posible market implications
Current Session: Europe
EUR/USD
Daily Market Commentary - The FX markets have lacked much conviction early in the year by Global Forex Trading Ltd
The euro/dollar reversed early gains on Tuesday and closed lower, but held above the six-week low of 1.2972. It should try making another run on the downside. Initial support is at 1.2915. Below this, the pair has strong support at 1.2860. A break below this level would signal a further significant decline to 1.2763.
- 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:
Daily Forex Outlook - U.S. Dollar Trading was generally stronger against the majors in the overnight by Easy Forex
Daily Recommended Trades - EUR/USD by E-Forex
Daily Forex and Dow Jones Recommended Levels - Fxtechtrade by Fxtechtrade
Currencies at a Glance
- EUR/USD
- Trades around 1.2975
1/10/2007 7:07:40 AM - GBP/USD
- Moves up above 1.9375
1/10/2007 7:11:00 AM - USD/CHF
- Moves down below 1.2425
1/10/2007 7:13:37 AM - USD/JPY
- Moves down below 119.25
1/10/2007 7:16:50 AM
Charting the Market Movers
EUR USD, Hourly
EUR AUD, Hourly
Top Market Movers Preview
UK Trade Balance
| Period | Previous | Consensus | Time |
| November | £-6.326B | £-6.450B | Jan 10, 09:30 GMT |
Economic Release Alert - Trade Accounts Meaure Forex Flows by FXCM
The UK Visible Trade balance looks to stay relatively unchanged through the month of October, but the domestic currency's resilience during the month is likely to place downward pressure on UK exports. Though the repercussions of such an increase are unlikely to be felt for several months, it remains clear that a strong currency can only lead the net balance lower through coming months.
[ Full Story ]Economic Data Roundup - United Kingdom: 10/1 International Trade (Nov) by ODL Securities
Top Market Movers Review
Australia Trade Deficit
| Period | Previous | Consensus | Actual |
| November (in AUD) | 1508M | 750M | 843M |
Overnight Briefing: Far East Timezone - Australia trade deficit narrows by Jyske Bank
Australia's trade deficit narrowed to AUD 843 million (USD 659 million) in November, but missed forecasts for a deficit of AUD 750 million, data showed. October's trade deficit was revised to a wider AUD 1.508 billion from AUD 1.263 billion previously. Australian job vacancies rose a strong 5.9 % in the three months to November, government data showed.
[ Full Story ]- International Trade in Goods and Services, Australia, Nov 2006 - Australian Bureau of Statistics
- Australia Nov trade deficit 0.843 bln aud vs deficit 1.508 bln in Oct (AFX News)
- Australia's Westpac Jan consumer sentiment index up 7.3 pct vs Dec (AFX News)