Monday, Jan 07, 08:24 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Jan 7, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jan 7, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jan 7, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Jan 7, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Jan 7, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Jan 7, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Steve Primo | WBN |  |
Current Session: Europe
EUR/USD
Weekly Technical Strategist − EURUSD: Strengthens, Looks To Challenge The 1.4967 Zone by FXTechstrategy
EURUSD−EUR continues to build on its recovery off the 1.4310 low printed on Dec 20'07 following a decline prompted by its failure at 1.4967 in late Dec'07.The pair remains biased to the upside in both the medium and longer term but needs to break through an over head resistance at the 1.4751/52 zone, which represents its Nov 09'07/Dec 11'07.
- EUR/USD hits trade target by Tony Juste
- 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:
Daily Forex Technical Report − Markets in Consolidation, Euro and Yen Rally Loses Momentum by ActionForex.com
Daily Forex Commentary − Fed speakers take the stage by Jyske Bank
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Currencies at a Glance
- EUR/USD
- Continues to move down below first support level 1.4682
01/07/2008 08:04 GMT - GBP/USD
- Continues to move down below first support level 1.9659
01/07/2008 08:04 GMT - USD/CHF
- Continues to move up toward first resistant level 1.1158
01/07/2008 08:05 GMT - USD/JPY
- Continues to move up toward first resistant level 109.50
01/07/2008 08:05 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
UK BRC RETAIL SALES MONITOR − ALL
| Date (GMT) | Event | Cons. | Previous | |
| Jan 8 | 11:00 | BRC Retail Sales Monitor − All (YoY) | - | 1.2% |
OUTLOOK UK retail sales, manufacturing data to be overshadowed by BoE decision (Thomson Financial News)
The British Retail Consortium's December retail sales monitor will be one of the first surveys to give an encompassing snapshot of how the high street fared during December. Footfall surveys showed the number of people visiting shops during the whole month was down compared to a year ago and several retailers have issued downbeat trading statements, but there was evidence of a late rush of shoppers in the run up to Christmas and a strong start to the sales.
[ Full Story ]Top Market Movers Review
Switzerland UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 7 | 06:45 | Unemployment Rate s.a. | 2.6% | - | 2.6% |
| Jan 7 | 06:45 | Unemployment Rate | 2.8% | - | 2.7% |
Swiss unemployment edged up in December (FXstreet.com)
Unemployment has inched up in Switzerland to 2.8% in December from 2.7% in November, due to an increase of 4,192 unemployed workers from November to December, according to data by the Swiss employment office.
[ Full Story ]- Read the Unemployment report at SECO [text in German]
- Swiss Dec unemployment 2.8 pct vs 2.7 pct in Nov (Thomson Financial News)
- Switzerland Unemployment Rate edges up to 2.8% in Dec vs 2.7% in Nov (FXstreet.com)
New Zealand TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 6 | 21:45 | Trade Balance | -0.65B | - | -0.69B |
New Zealand's trade deficit narrows in November as dairy exports rise (Thomson Financial News)
New Zealand's trade deficit narrowed in November to 646 million New Zealand dollars from 717 million dollars in October as exports of diary products and oil grew, government agency Statistics New Zealand said Monday. But the deficit was more than the trade gap of 465 million dollars forecast by economists. In November 2006, the deficit was 820 million dollars.
[ Full Story ]- Read the Trade Balance report at Statistics New Zealand
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 6 | 21:45 | NZ | Trade Balance | -0.65B | -0.69B | |
| Jan 7 | 06:45 | CH | Unemployment Rate | 2.8% | 2.7% | |
| 06:45 | CH | Unemployment Rate s.a. | 2.6% | 2.6% | ||
| 10:00 | EMU | Consumer Confidence | -8 | |||
| 10:00 | EMU | Producer Price Index (MoM) | 0.6% | |||
| 10:00 | EMU | Producer Price Index (YoY) | 3.3% | |||
| 10:00 | EMU | Unemployment Rate | 7.2% | |||
| 12:00 | EMU | ECB's Trichet Speaks | ||||
| 19:00 | US | Treasury Secretary Paulson speaks | ||||
| Jan 8 | 10:00 | EMU | Retail Sales (MoM) | -0.7% | ||