Friday, Jan 11, 08:29 GMT
EUROPEAN Trading Newsletter
To Get Started
- ECB decision: Live coverage at FXstreet.com
- Trendex: Instant Trading Tips from FX Pros right to your desktop
- A new year has started: Economic and Financial Outlook 2008
- The Advisor Blog: At the Open. The GBP mix.
- Webinars VIDEOS: Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
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Live Sessions Schedule
What Moves Currencies? − Weekly Wrap−Up
Expert: Tony Juste
Start: Fri, Jan 11, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Day−Trading the NFP's
Expert: Adam Rosen
Start: Fri, Jan 11, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jan 11, 11:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN | |
| Fri, Jan 11, 12:00 GMT | Day−Trading the NFP's  | Adam Rosen | WBN |  |
| Fri, Jan 11, 15:00 GMT | Live Trading | Tony Juste | WBN | |
| Mon, Jan 14, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe
USD/CHF
Daily Forex Technical Report − Yen Surges on Risk Aversion, Euro Remains Strong against Dollar and Sterling by ActionForex.com
USD/CHF's fall from 1.1596 resumed by taking out 1.1018 support and dives to as low as 1.0976 so far. At this point, intraday bias remains on the downside as long as 1.1058 minor resistance holds and further fall is expected to be seen to retest 1.0890 low and then next short term target of 61.8% projection of 1.1596 to 1.1018 from 1.1189 at 1.0832.
- 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 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
- Continues to trade around opening price level 1.4803 , above pivot level 1.4752
01/11/2008 08:02 GMT - GBP/USD
- Moves down below first support level 1.9549
01/11/2008 08:02 GMT - USD/CHF
- Moves down toward first support level 1.0967
01/11/2008 08:03 GMT - USD/JPY
- Trades around first support level 108.93
01/11/2008 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
UK MANUFACTURING PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Jan 11 | 09:30 | Manufacturing Production (YoY) | - | 0.3% |
| Jan 11 | 09:30 | Manufacturing Production (MoM) | - | 0.3% |
| Jan 11 | 09:30 | Industrial Production (YoY) | 0.5% | 1.0% |
| Jan 11 | 09:30 | Industrial Production (MoM) | 0.1% | 0.4% |
OUTLOOK UK retail sales, manufacturing data to be overshadowed by BoE decision (Thomson Financial News)
Growth in UK manufacturing output is expected to have moderated slightly during November to 0.2 pct, after rising 0.3 pct in October. On a year−on−year basis output is seen up 0.4 pct, compared to 0.3 pct the month before.
[ Full Story ]Top Market Movers Review
Japan MONEY SUPPLY M2+CD
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 10 | 23:50 | Money Supply M2+CD (YoY) | 2.1% | - | 2.0% |
Japan Dec Money Supply +2.1% Vs Nov +2.0% (Dow Jones)
Japan's money supply, M2 plus certificates of deposit, grew 2.1% on year in December, slightly faster than November's 2.0% rise, the Bank of Japan said Friday. That was also a bit faster than 2.0% growth forecast on average by economists surveyed by Dow Jones and Nikkei.
[ Full Story ]- Read the Money Supply report at Bank of Japan
- Japan December Money Supply Table Of Data (Dow Jones)
- Japanese money supply rises 2.1 percent in December, more than forecast (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 10 | 18:00 | US | Fed's Bernanke Speaks | |||
| 23:50 | JP | Money Supply M2+CD (YoY) | 2.1% | 2.0% | ||
| Jan 11 | 09:30 | UK | Industrial Production (MoM) (Nov) | 0.1% | 0.4% | |
| 09:30 | UK | Industrial Production (YoY) (Nov) | 0.5% | 1.0% | ||
| 09:30 | UK | Manufacturing Production (MoM) | 0.3% | |||
| 09:30 | UK | Manufacturing Production (YoY) | 0.3% | |||
| 12:00 | CA | Net Change in Employment (Dec) | 15K | 42K | ||
| 12:00 | CA | Unemployment Rate (Dec) | 5.9% | 5.9% | ||
| 13:30 | US | Import Price Index (MoM) (Dec) | 0.0% | 2.7% | ||
| 13:30 | US | Import Price Index (YoY) (Dec) | 10.2% | 11.4% | ||