Wednesday, Jan 09, 08:19 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What Moves Currencies? − Majors watch
Expert: Tony Juste
Start: Wed, Jan 9, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Main technical theme in the currency market
Expert: Jamie Saettele
Start: Wed, Jan 9, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jan 9, 10:00 GMT | FX Instructor Live Trading Room  | Mihai Marinescu | WBN |  |
| Wed, Jan 9, 11:00 GMT | What Moves Currencies? − Majors watch | Tony Juste | WBN | |
| Wed, Jan 9, 14:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN | |
| Wed, Jan 9, 15:00 GMT | Multiple Low Risk Forex Entries With Support and Resistance | Sam Seiden | WBN |  |
Current Session: Europe
GBP/USD
Daily Forex Technical Report − Markets Still in Choppy Consolidation, Aussie Lifted by ActionForex.com
Cable continues to trade in established range above 1.9653 low today. As discussed before, with an intraday low in place at 1.9653, further consolidation is expected to follow with risk another another recovery to 1.9850 resistance. But still, upside of the recovery is expected to be limited below 2.0099 resistance and bring another fall.
- 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:
Today's Technical Trading Points − Today's Technical Trading Points by Danske Bank A/S
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Currencies at a Glance
- EUR/USD
- Trades above pivot level 1.4709
01/09/2008 07:52 GMT - GBP/USD
- Moves down toward first support level 1.9656
01/09/2008 07:53 GMT - USD/CHF
- Back around opening price level 1.1124 , below pivot level 1.1144
01/09/2008 07:53 GMT - USD/JPY
- Moves up above first resistant level 109.51
01/09/2008 07:54 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
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jan 9 | 10:00 | Gross Domestic Product s.a. (YoY) | 2.7% | 2.7% |
| Jan 9 | 10:00 | Gross Domestic Product s.a. (QoQ) | 0.7% | 0.7% |
EMU economic indicators - ECB set to keep refi rate unchanged by BHF−Bank
EMU GDP growth in Q3 is likely to be confirmed when revised. We expect the harmonised EMU unemployment rate to have fallen slightly again by 0.1 percentage points to 7.1% in November.
[ Full Story ]Top Market Movers Review
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 9 | 07:00 | Trade Balance | 19.3 | 17.5B | 18.9B |
UPDATE: German Nov Trade Surplus Widens To EUR19.3 Bln (Dow Jones)
Germany's trade and current account surpluses widened more than expected in November, data from the Federal Statistics Office showed Wednesday. Germany's trade surplus widened to EUR19.3 billion from EUR18.9 billion in October.
[ Full Story ]- Read the report: German exports in November 2007: +3.2% on November 2006 at German Statistics
- German trade surplus posts higher than expected in November (FXstreet.com)
- Germany Nov Trade surplus rises to 19.2 billion vs 18.9B in Oct (FXstreet.com)
- German Nov trade surplus 19.3 bln eur vs 18.9 bln in Oct, consensus 17.2 bln (Thomson Financial News)
Australia RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 9 | 00:30 | Retail Sales (MoM) | 0.8% | 0.5% | 0.2% |
Overnight Briefing: Far East Timezone - Australia November retail sales better than expected by Jyske Bank
Australia's retail sales rose by more than expected in November as strong growth in jobs and incomes offset increases in interest rates and petrol prices, suggesting rates may yet have to rise again to cool demand.
[ Full Story ]- Read the Retail Sales report at Australian Bureau of Statistics
- Australia's November retail sales up 0.8 pct vs 0.5 pct consensus forecast rise (Thomson Financial News)
- DATA SNAP:Australian Nov Retail Sales Rise 0.8% Vs Oct (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 9 | 02:00 | NZ | ANZ Commodity Price (Dec) | 0.0% | 0.8% | |
| 07:00 | DE | Retail Sales (MoM) (Nov) | -1.3% | 1.3% | -3.3% | |
| 07:00 | DE | Retail Sales (YoY) (Nov) | -3.2% | -0.6% | ||
| 07:00 | DE | Trade Balance (Nov) | 19.3 | 17.5B | 18.9B |
|
| 10:00 | EMU | Gross Domestic Product s.a. (QoQ) (3Q) | 0.7% | 0.7% | ||
| 10:00 | EMU | Gross Domestic Product s.a. (YoY) (3Q) | 2.7% | 2.7% | ||
| 10:30 | UK | BRC Shop Price Index (MoM) (Dec) | 0.5% | |||
| 10:30 | UK | BRC Shop Price Index (YoY) (Dec) | 1.1% | |||
| 11:00 | DE | Industrial Production s.a. (MoM) (Nov) | 0.4% | -0.3% | ||
| 11:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Nov) | 4.6% | 6.0% | ||