Wednesday, Jan 16, 08:32 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Wed, Jan 16, 10:00 GMT
Type of Session: Webinar
What Moves Currencies? − EUR focus
Expert: Tony Juste
Start: Wed, Jan 16, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jan 16, 10:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN |  |
| Wed, Jan 16, 11:00 GMT | What Moves Currencies? − EUR focus | Tony Juste | WBN | |
| Wed, Jan 16, 14:00 GMT | Level of Sentiment in the FX Market | Antonio Sousa | WBN |  |
| Wed, Jan 16, 15:00 GMT | Tracking the forex market together / Part II: Review | Dr.S.Sivaraman | WBN | |
Current Session: Europe
USD/JPY
Daily Forex Technical Report − Yen Firm on Risk Aversion, Will US CPI Affirm Intermeeting Cut? by ActionForex.com
USD/JPY's recent decline extends further to as low as 105.95 today. At this point, intraday bias remains on the downside as long as 106.86 minor resistance holds. As discussed before, prior break of 107.21 confirms that medium term down trend from 124.13 has resumed.
- Webinars Video − Using FX Options to Control Risk and Make Profits by by John Jagerson, Founder Profiting With Forex
- 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:
USD/JPY Daily Technical Forex − USD/JPY Daily Technical Forex by Stoploss.ch
Market Session Recaps − Asia Session by FOREX.com
Currencies at a Glance
- EUR/USD
- Back below pivot level 1.4841
01/16/2008 08:06 GMT - GBP/USD
- Moves down below pivot level 1.9631
01/16/2008 08:06 GMT - USD/CHF
- Back above first support level 1.0873
01/16/2008 08:07 GMT - USD/JPY
- Trades around first support level 106.13
01/16/2008 08:07 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jan 16 | 10:00 | Consumer Price Index (MoM) | 0.4% | 0.5% |
| Jan 16 | 10:00 | Consumer Price Index − Core (YoY) | 1.9% | 1.9% |
| Jan 16 | 10:00 | Consumer Price Index (YoY) | 3.1% | 3.1% |
Friday Notes - Fed – still a long way to go by HVB Group
Eurozone inflation in December should be confirmed at 3.1%. We suspect that energy price pressure eased, while food probably added 0.1 pp to the headline rate. If these assumptions are correct, the core rate ex food, energy, alcohol and tobacco should have remained stable at 1.9%. The period of more significant CPI acceleration is now behind us, but inflation will remain above 3% for a few more months.
[ Full Story ]Top Market Movers Review
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 16 | 07:00 | Consumer Price Index (MoM) | 0.5% | 0.5% | 0.5% |
| Jan 16 | 07:00 | Consumer Price Index (YoY) | 2.8% | 2.8% | 3.1% |
German Dec final CPI up 0.5 pct from Nov, up 2.8 pct year−on−year (Thomson Financial News)
Consumer prices in Germany rose 0.5 pct in December from November and were up 2.8 pct from a year earlier, according to final figures from the Federal Statistics Office.
[ Full Story ]- Read the Official Data at Destatis.de
- UPDATE: German Final Dec CPI +0.5% On Month; +2.8% On Year (Dow Jones)
- German CPI posts in 2007 the largest jump since 1994 (FXstreet.com)
- DATA SNAP:German Final Dec CPI +0.5% On Month; +2.8% On Year (Dow Jones)
Friday Notes - Fed – still a long way to go by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 16 | 00:30 | AU | Home Loans | 4.0% | 0.9% | -0.7% |
| 06:00 | JP | Machine Tool Orders (YoY) (Dec)  | 3.3 | 13.0 | ||
| 07:00 | DE | Consumer Price Index (MoM) (Dec) | 0.5% | 0.5% | 0.5% | |
| 07:00 | DE | Consumer Price Index (YoY) (Dec) | 2.8% | 2.8% | 3.1% | |
| 09:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Nov) | 3.6% | 3.6% | ||
| 09:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Dec) | 3.9% | 4.0% | ||
| 09:30 | UK | Claimant Count Rate (Dec) | 2.5% | 2.5% | ||
| 09:30 | UK | ILO Unemployment Rate (Dec) | 5.3% | 5.3% | ||
| 09:30 | UK | Jobless Claims Change (Dec) | -5.0 | -11.1K | ||
| 10:00 | EMU | Consumer Price Index − Core (YoY) (Dec) | 1.9% | 1.9% | ||