Monday, Jan 14, 08:44 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinars VIDEOS: Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
- 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
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Live Sessions Schedule
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Jan 14, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jan 14, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jan 14, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Jan 14, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Jan 14, 14:00 GMT | FX Instructor Live Trading Room  | Mihai Marinescu | WBN |  |
| Mon, Jan 14, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe
EUR/USD
Daily Technical Analysis − EUR: Close to record high at 1.4968 by Mizuho Corporate Bank
Close to record high at 1.4968 and some Eastern European currencies are doing even better. Nevertheless US authorities remain committed to a strong US dollar policy while their financial institutions are hoping to sell off huge chunks of themselves to Sovereign Wealth funds.
- Webinars Video − Main technical theme in the currency market by Jamie Saettele, Technical Currency Analyst FXCM
- 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 Market Commentary − The dollar made little progress on Friday by Global Forex Trading
Weekly Forex Outlook − Fed Chief hints at 50 bps point cut, US CPI figures key this week by Easy Forex
Currencies at a Glance
- EUR/USD
- Moves up above third resistant level 1.4866
01/14/2008 07:52 GMT - GBP/USD
- Moves up toward first resistant level 1.9638
01/14/2008 07:52 GMT - USD/CHF
- Moves down below second support level 1.0942
01/14/2008 07:52 GMT - USD/JPY
- Moves down toward second support level 107.98
01/14/2008 07:53 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 INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jan 14 | 10:00 | Industrial Production s.a. (MoM) | 0.8% | 0.4% |
| Jan 14 | 10:00 | Industrial Production w.d.a. (YoY) | 2.8% | 3.8% |
Friday Notes - Fed – still a long way to go by HVB Group
We expect industrial output to have declined 0.8% m−o−m in November, confirming that activity will soften significantly in Q4 2007 after a solid third quarter. Given that manufacturing surveys are on a downward trend and global growth is cooling, weakness will likely continue at the beginning of this year.
[ Full Story ]Top Market Movers Review
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 10 | 15:00 | Wholesale Inventories | 0.6% | 0.4% | 0.0% |
DATA SNAP: US Wholesale Inventories Above Expectations (Dow Jones)
U.S. wholesalers' inventories rose higher in November than expected, even though sales surged by the most in two years, according to data hinting the economy might not have been as weak in the fourth quarter as some fear.
[ Full Story ]- Read the Wholesale Inventories data at Census Bureau
- US November wholesale inventories up 0.6 pct, record low inventories/sales ratio (Thomson Financial News)
- US Wholesale Inventories rose than expected in November (FXstreet.com)
- US Wholesale Inventories up 0.6% in Nov (FXstreet.com)
US economic indicators - Trade deficit is likely to have widened noticeably in November because of petroleum by BHF−Bank
EMU ECB'S TRICHET SPEAKS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 10 | 13:30 | ECB's Trichet Speaks | - | - | - |
| Jan 10 | 12:45 | ECB Interest Rate Decision | 4% | 4% | 4% |
3rd UPDATE: Trichet Talks Tough As ECB Keeps Rates Stable (Dow Jones)
The European Central Bank Thursday stuck to its hawkish rhetoric, highlighting brewing inflation risks and leaving the door open for an interest rate increase later in the year.
[ Full Story ]- Read the Introductory statement at ECB
- FOCUS: ECB's Trichet Ups Warning On 2008 Wage Hikes (Dow Jones)
- Forex − Euro shoots up as Trichet puts markets on rate hike alert (Thomson Financial News)
- Euro Trades Above $1.4750 As Market Digests Trichet Comments (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 14 | 09:30 | UK | Producer Price Index − Input (MoM) s.a (Dec) | 0.8% | 1.7% | |
| 09:30 | UK | Producer Price Index − Input (YoY) n.s.a (Dec) | 10.6% | 10.3% | ||
| 09:30 | UK | Producer Price Index − Output (MoM) n.s.a (Dec) | 0.5% | 0.5% | ||
| 09:30 | UK | Producer Price Index − Output (YoY) n.s.a (Dec) | 4.7% | 4.5% | ||
| 10:00 | EMU | Industrial Production s.a. (MoM) (Nov) | 0.8% | 0.4% | ||
| 10:00 | EMU | Industrial Production w.d.a. (YoY) (Nov) | 2.8% | 3.8% | ||
| 15:30 | CA | Bank of Canada Business Outlook Survey | ||||
| 21:00 | NZ | NZIER Business Confidence (4Q) | -27 | |||
| Jan 15 | 00:01 | UK | RICS House Price Balance | -45.2% | -40.6% | |
| 09:30 | UK | Consumer Price Index (MoM) (Dec) | 0.5% | 0.3% | ||