Thursday, Jan 10, 08:32 GMT
EUROPEAN Trading Newsletter
To Get Started
- Central Banks: ECB and BoE - Preview of Jan 10 meeting by FXstreet.com
- Trendex: Instant Trading Tips from FX Pros right to your desktop
- Access recorded webinars FOR FREE!
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Live Sessions Schedule
What Moves Currencies? − Preview of the CB rate decisions
Expert: Tony Juste
Start: Thu, Jan 10, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Technical Briefing
Expert: Dan Blystone
Start: Thu, Jan 10, 14:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jan 10, 11:00 GMT | What Moves Currencies? − Preview of the CB rate decisions | Tony Juste | WBN | |
| Thu, Jan 10, 14:30 GMT | Weekly Technical Briefing  | Dan Blystone | WBN |  |
| Thu, Jan 10, 16:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
| Thu, Jan 10, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe
GBP/USD
Daily Market Commentary − The dollar rallied unexpectedly on Wednesday by Global Forex Trading
The dollar rallied unexpectedly on Wednesday as the market decided to actually focus on the currency's oversold status. Sterling/dollar sank to a new low for the downtrend. Cable should remain under pressure, but a bounce on profit taking is likely if the BoE keeps rates unchanged. Below 1.9555, strong support comes at 1.9475.
- 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:
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Daily Forex Strategy Briefing − Dollar Higher Ahead of ECB/BOE Meetings by CMS Forex
Currencies at a Glance
- EUR/USD
- Continues to trade around pivot level 1.4680
01/10/2008 07:56 GMT - GBP/USD
- Moves down below opening price level 1.9582 , below pivot level 1.9633
01/10/2008 07:57 GMT - USD/CHF
- Stays above pivot level 1.1146
01/10/2008 07:57 GMT - USD/JPY
- Continues to trade around pivot level 109.64
01/10/2008 07:57 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 TOTAL TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Jan 10 | 09:30 | Total Trade Balance | 4.3B | -4.1 |
OUTLOOK UK retail sales, manufacturing data to be overshadowed by BoE decision (Thomson Financial News)
The UK's trade deficit is expected to have remained fairly steady during November after posting a reasonable improvement during October.
[ Full Story ]Top Market Movers Review
Japan LEADING ECONOMIC INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 10 | 05:00 | Leading Economic Index | 10.0 | 10.0 | 18.2 |
Japan November Leading Indicators 10.0; Coincident 33.3 (Dow Jones)
Japan's index of leading economic indicators stood at 10.0 in November, staying below the boom−or−bust threshold of 50.0 for the fourth straight month, the government said Thursday, suggesting the economy may slow down in the months ahead. The result matched forecasts of economists surveyed by Dow Jones, who estimated on average a reading of 10.0 for the index. In October, it stood at a revised 18.2.
[ Full Story ]- Read the Leading Economic Index report at Japan Cabinet Office
- Japan November Leading Indicators Table Of Data (Dow Jones)
- Japan's leading economic index slips to 10.0 in November from 18.2 in October (Thomson Financial News)
Australia TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 10 | 00:30 | Trade Balance | -2.254B | -2.500B | -2983.000M |
DATA SNAP: Australia Nov Trade Deficit A$2.25B (Dow Jones)
Australia's seasonally adjusted balance on trade in goods and services narrowed to a deficit of A$2.25 billion in November from a revised deficit of A$2.86 billion in October, the Australian Bureau of Statistics said Thursday. The figure is lower than analysts' expectations of a deficit of A$2.5 billion. Australia recorded a deficit of A$754 million in the year−earlier period.
[ Full Story ]- Read the Trade Balance report at Australian Bureau of Statistics
- Australia's Nov trade deficit falls to 2.25 bln aud vs 2.5 bln aud consensus (Thomson Financial News)
Overnight Briefing: Far East Timezone - Australian trade deficit narrowed by Jyske Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 9 | 23:50 | JP | Official Reserve Assets (Dec) | 973.365B | 970.200B | |
| Jan 10 | 00:30 | AU | Trade Balance (Nov) | -2.254B | -2.500B | -2983.000M |
| 05:00 | JP | Leading Economic Index (Nov)  | 10.0 | 10.0 | 18.2 | |
| 09:30 | UK | Total Trade Balance (Nov) | 4.3B | -4.1 | ||
| 12:00 | UK | BoE Interest Rate Decision | 5.5% | 5.5% | ||
| 12:45 | EMU | ECB Interest Rate Decision | 4% | 4% | ||
| 13:30 | CA | Building Permits (MoM) (Nov) | -2.0% | 6.8% | ||
| 13:30 | US | Continuing Jobless Claims (Dec 29) | 2730K | 2761 | ||
| 13:30 | EMU | ECB's Trichet Speaks | ||||
| 13:30 | US | Initial Jobless Claims (Jan 5) | 340K | 336K | ||