Wednesday, Jan 02, 08:36 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jan 2, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 20th Edition
Expert: Wayne McDonell
Start: Fri, Jan 4, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jan 2, 13:00 GMT | US Session Open  | Ed Ponsi | WBN |  |
| Wed, Jan 2, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Jan 2, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Jan 3, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Daily Market Commentary − The dollar rallied on the last day of 2007 in thin trading by Global Forex Trading
Euro/dollar fell sharply from a two−week high on Monday. Today should see only consolidation as desks are getting re−occupied. Immediate support is seen at 1.4520. A break below 1.4470 would infer a test of the distant support at 1.4390. Initial resistance is seen at 1.4635.
- Be up to date with the Latest Forex News
- Long−term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- New Webinars Video − Access now Educational Sessions Recordings
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Other Topics for this Session:
Market Session Recaps − Asia Session by FOREX.com
Weekly Analysis − The Dollar Is beaten Again by Finotec Group Inc.
Hedging Range Trades − Hedging Strategy for 2008 with 300 pips in Profit Potential by FXCM
Currencies at a Glance
- EUR/USD
- Moves up above pivot level 1.4632
01/02/2008 06:35 GMT - GBP/USD
- Trades around opening price level 1.9861 , below pivot level 1.9913
01/02/2008 06:35 GMT - USD/CHF
- Moves down below pivot level 1.1318
01/02/2008 06:35 GMT - USD/JPY
- Moves down toward first support level 111.28
01/02/2008 06:36 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
US ISM MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Jan 2 | 15:00 | ISM Manufacturing | - | 50.8 |
Daily Market Briefing - How Big of a Loser Was the US Dollar in 2007? by FXCM
Once everyone returns on Wednesday, the action will begin with manufacturing ISM and construction spending. On Thursday, we are expecting the leading indicators for non−farm payrolls and on Friday, we have non−farm payrolls and service sector ISM due for release.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 1 | 22:30 | AU | Manufacturing PMI | 57.6 | 53.8 | |
| Jan 2 | 08:55 | DE | PMI Manufacturing | 53.7 | ||
| 09:00 | EMU | PMI Manufacturing | 52.8 | |||
| 09:30 | UK | PMI Manufacturing | 54.4 | |||
| 15:00 | US | Construction Spending (MoM) | -0.8% | |||
| 15:00 | US | ISM Manufacturing | 50.8 | |||
| Jan 3 | 08:30 | CH | SVME − Purchasing Managers' Index | 63.4 | ||
| 08:55 | DE | Unemployment Rate s.a. | 8.6% | |||
| 09:00 | EMU | M3 (YoY) | 12.3% | |||
| 09:30 | UK | PMI Construction | 54.3 | |||