Tuesday, Jan 15, 08:30 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinars VIDEOS: Multiple Low Risk Forex Entries With Support and Resistance by Sam Seiden
- Check out our World Indices Rates
- Trendex: Instant Trading Tips from FX Pros right to your desktop
- ECB decision: Live coverage at FXstreet.com
- The Advisor Blog: At the Open
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Jan 15, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies?
Expert: Tony Juste
Start: Tue, Jan 15, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jan 15, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Jan 15, 11:00 GMT | What Moves Currencies? | Tony Juste | WBN | |
| Tue, Jan 15, 15:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN |  |
| Tue, Jan 15, 16:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − The Euro advanced higher versus the US dollar by E−Forex
The Euro advanced higher versus the US dollar on yesterday and after it found support at 1.4860, it rose to 1.4915 where it also established the daily high. Support is formed at 1.4860 backed by 1.4820 and 1.4770. Resistance starts at 1.4900 followed by 1.4915, 1.4965 and 1.5. Daily sentiment is bullish and will remain so while the Euro holds in this upper area.
- 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 Forex Technical Report − Focus on UK CPI, German ZEW and US Retail Sales by ActionForex.com
Daily Market Commentary − The dollar sank across the board on Monday by Global Forex Trading
Currencies at a Glance
- EUR/USD
- Continues to trade around opening price level 1.4869 , above pivot level 1.4853
01/15/2008 07:56 GMT - GBP/USD
- Continues to trade around opening price level 1.9560 , below pivot level 1.9587
01/15/2008 07:57 GMT - USD/CHF
- Continues to move down toward first support level 1.0872
01/15/2008 07:58 GMT - USD/JPY
- Continues to move down toward first support level 107.37
01/15/2008 07:58 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jan 15 | 09:30 | Consumer Price Index (MoM) | 0.5% | 0.3% |
| Jan 15 | 09:30 | Core Consumer Price Index (YoY) | 2.0% | 1.4% |
| Jan 15 | 09:30 | Consumer Price Index (YoY) | 2.0% | 2.1% |
Friday Notes - Fed – still a long way to go by HVB Group
In December, we expect CPI to have risen 0.5% m−o−m, leaving headline inflation stable at 2.1% on a y−o−y basis for the third consecutive month. While housing costs should have had a dampening effect on overall inflation, sustained food and transport prices kept cost pressures high. However, core inflation should have remained stable at 1.4% y−o−y.
[ Full Story ]Top Market Movers Review
New Zealand NZIER BUSINESS CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 14 | 21:00 | NZIER Business Confidence | -26 | - | -27 |
New Zealand businesses see bleaker 2008 − NZIER survey (Thomson Financial News)
Business confidence in New Zealand was downbeat with many firms expecting the commercial climate to deteriorate over the first half of this year, a survey released Tuesday said. The New Zealand Institute of Economic Research's (NZIER) quarterly survey of business opinion showed a net 26 percent of firms surveyed expect conditions to worsen over the next six months.
[ Full Story ]- Read the Business Confidence report at NZIER website
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 14 | 21:00 | NZ | NZIER Business Confidence (4Q) | -26 | -27 | |
| Jan 15 | 09:30 | UK | Consumer Price Index (MoM) (Dec) | 0.5% | 0.3% | |
| 09:30 | UK | Consumer Price Index (YoY) (Dec) | 2.0% | 2.1% | ||
| 09:30 | UK | Core Consumer Price Index (YoY) (Dec) | 2.0% | 1.4% | ||
| 09:30 | UK | Retail Price Index (MoM) (Dec) | 0.6% | 0.4% | ||
| 09:30 | UK | Retail Price Index (YoY) (Dec) | 4.3% | 4.3% | ||
| 10:00 | DE | ZEW Survey − Economic Sentiment (Jan) | -40.2 | -37.2 | ||
| 10:00 | EMU | ZEW Survey − Economic Sentiment (Jan) | -38.0 | -35.7 | ||
| 13:30 | US | NY Empire State Manufacturing Index (Jan) | 10.10 | 10.31 | ||
| 13:30 | US | Producer Price Index (MoM) (Dec) | 0.2% | 3.2% | ||