Tuesday, Jan 08, 08:43 GMT
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FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Tue, Jan 8, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Jan 8, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jan 8, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Jan 8, 10:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN | |
| Tue, Jan 8, 11:00 GMT | What Moves Currencies? − A look at the carry trade | Tony Juste | WBN |  |
| Tue, Jan 8, 15:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN |  |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD: (1.4702) Rebound off 1.4310 tested key area of 1.4750/.4770 by KBC Bank
The yen depreciated vis−à−vis the U.S. dollar today as the greenback tested offers around the ¥109.70 level and was supported around the ¥108.45 level. Technically, today's intraday high was just above the 23.6% retracement of the move from ¥114.65 to ¥107.85. Data released in Japan overnight saw the December monetary base up 0.4% y/y.
- Short term Trades by Scotia Capital 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 − Dollar/Majors Consolidate, Yen Crosses Recovers by ActionForex.com
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Moves up above pivot level 1.4703
01/08/2008 08:02 GMT - GBP/USD
- Continues to move up toward second resistant level 1.9805
01/08/2008 08:02 GMT - USD/CHF
- Continues to trade around opening price level 1.1167 , above pivot level 1.1140
01/08/2008 08:03 GMT - USD/JPY
- Stays above pivot level 109.10
01/08/2008 08:03 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
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jan 8 | 11:00 | Factory Orders s.a. (MoM) | -1.8% | 4.0% |
| Jan 8 | 11:00 | Factory Orders n.s.a. (YoY) | 7.7% | 14.0% |
EMU economic indicators - ECB set to keep refi rate unchanged by BHF−Bank
German industrial new orders probably suffered a setback in November, just like the correlated climate indicators did recently. However, output in the German producing sector might have recovered slightly at the same time.
[ Full Story ]Top Market Movers Review
UK HALIFAX HOUSE PRICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 8 | 08:00 | Halifax House Prices (MoM) | 1.3% | -0.5% | -1.1% |
| Jan 8 | 08:00 | Halifax House Prices (YoY) | 5.2% | 4.7% | 6.3% |
UK Halifax housing prices rise above expectations (FXstreet.com)
Housing prices have posted a rather higher than expected increment in December, with a 1.3% jump from November and a 5.2% rise from December 2006, according to the latest Halifax report on housing prices.
[ Full Story ]- Read the House Price Index data at Halifax
- Forex − Pound gains on strong Halifax house price survey (Thomson Financial News)
- United Kingdom Halifax House Prices increase 1.3% in Dec; 5.2% up on the year (FXstreet.com)
Australia BUILDING PERMITS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 8 | 00:30 | Building Permits (YoY) | 14.6% | - | -5.9% |
| Jan 8 | 00:30 | Building Permits (MoM) | 8.9% | 0.0% | -2.8% |
Australian Nov Bldg Approvals Rise 8.9% Vs Oct (Dow Jones)
The total number of Australian houses and apartments approved for construction rose a seasonally adjusted 8.9% in November from October, the Australian Bureau of Statistics said Tuesday. Economists had expected on average that total residential building approvals rose 0.5% from the month before. Private−sector house approvals rose a seasonally adjusted 0.3% from a month earlier.
[ Full Story ]- Read the Building Approvals report at Australian Bureau of Statistics
- Australian Nov building approvals rise seasonally adjusted 8.9 percent from Oct (Thomson Financial News)
UK BRC RETAIL SALES MONITOR − ALL
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 8 | 00:01 | BRC Retail Sales Monitor − All (YoY) | 0.3% | - | 1.2% |
UK Dec like−for−like retail sales up 0.3 pct, lowest Dec rate for 3 years − BRC (Thomson Financial News)
UK retailers posted the weakest rate of sales growth during the crucial December shopping period for three years, a leading retailing lobby group said today. The British Retail Consortium revealed that like−for−like sales growth, which excludes new stores and space, was up 0.3 pct in December from the month before.
[ Full Story ]- Read the Retail Sales Monitor report at British Retail Consortium
- DATA SNAP: Crucial UK Dec Retail Sales Growth Slows To 0.3% (Dow Jones)
- OUTLOOK UK retail sales, manufacturing data to be overshadowed by BoE decision (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 8 | 00:30 | AU | Building Permits (MoM) (Nov) | 8.9% | 0.0% | -2.8% |
| 05:30 | AU | Foreign Reserves (Dec) | 30.5B | 32.7B | ||
| 08:00 | UK | Halifax House Prices (MoM) (Dec) | 1.3% | -0.5% | -1.1% | |
| 08:00 | UK | Halifax House Prices (YoY) (Dec) | 5.2% | 4.7% | 6.3% | |
| 10:00 | EMU | Retail Sales (MoM) (Nov) | 0.5% | -0.7% | ||
| 10:00 | EMU | Retail Sales (YoY) (Nov) | 0.5% | 0.2% | ||
| 11:00 | DE | Factory Orders n.s.a. (YoY) (Nov) | 7.7% | 14.0% | ||
| 11:00 | DE | Factory Orders s.a. (MoM) (Nov) | -1.8% | 4.0% | ||
| 15:00 | US | Pending Home Sales (MoM) (Nov) | -0.5% | 0.6% | ||
| 20:00 | US | Consumer Credit (Nov) | $8.5B | $3.7B | ||