Thursday, Jan 17, 08:33 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Forex Market forecast for the Year 2008 − Free Access Day
Expert: Dr.S.Sivaraman
Start: Thu, Jan 17, 10:00 GMT
Type of Session: Webinar
What Moves Currencies? − Majors watch − Free Access Day
Expert: Tony Juste
Start: Thu, Jan 17, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jan 17, 10:00 GMT | Forex Market forecast for the Year 2008 − Free Access Day | Dr.S.Sivaraman | WBN |  |
| Thu, Jan 17, 11:00 GMT | What Moves Currencies? − Majors watch − Free Access Day | Tony Juste | WBN | |
| Thu, Jan 17, 12:00 GMT | Selling options for fun and profit − Free Access Day | John Jagerson | WBN | |
| Thu, Jan 17, 13:00 GMT | FX Instructor Live Trading Room − Free Access Day | Sunil Mangwani | WBN |  |
Current Session: Europe
EUR/USD
Daily Market Commentary − The dollar ignored soft US economic data in Wednesday by Global Forex Trading
Euro/dollar sank to a two−week low on Wednesday after forming a bearish reversal formation a day earlier. The downside remains favored. Immediate support is now seen at 1.4640. 1.4580 and 1.4525 follows this. Distant support comes at 1.4440. Initial resistance is now seen at 1.4705.
- 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:
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 1.4651 , below pivot level 1.4701
01/17/2008 07:56 GMT - GBP/USD
- Continues to trade around pivot level 1.9628
01/17/2008 07:57 GMT - USD/CHF
- Continues to trade around opening price level 1.1004 , above pivot level 1.0955
01/17/2008 07:57 GMT - USD/JPY
- Continues to trade around pivot level 107.16
01/17/2008 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
US HOUSING STARTS
| Date (GMT) | Event | Cons. | Previous | |
| Jan 17 | 13:30 | Building Permits (MoM) | 1.138M | 1.152M |
| Jan 17 | 13:30 | Housing Starts (YoY) | 1.150M | 1.187M |
US economic indicators - Industrial production could have declined in December by BHF−Bank
Housing starts and building permits are likely to have continued their downward trend in December: We forecast that housing starts will have fallen from 1187k to 1140k, and that building permits could have dropped to the same level.
[ Full Story ]Top Market Movers Review
Japan INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 17 | 04:30 | Industrial Production (MoM) | -1.6% | -1.6% | 1.7% |
| Jan 17 | 04:30 | Industrial Production (YoY) | 2.9% | 2.9% | 4.7% |
Japan Nov Revised Indus Output −1.6% M/M Vs −1.6% Prelim (Dow Jones)
The Japanese government on Thursday released industrial output data for November showing an unchanged performance in production and shipments compared with a preliminary report issued about two weeks ago. The Ministry of Economy, Trade and Industry said industrial output fell a 1.6% on month in November, unchanged from the preliminary data. Shipments slipped 1.7%, also unchanged.
[ Full Story ]- Read the Industrial Production report at Japan Ministry of Economy, Trade and Industry
- Revised Japan November Industrial Output Table Of Data (Dow Jones)
- Japan's industrial output down a revised 1.6 pct in Nov, as initially estimated (Thomson Financial News)
Australia UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 17 | 00:30 | Employment Change | 20.1K | 20.0K | 47.6K |
| Jan 17 | 00:30 | Unemployment Rate | 4.3% | 4.4% | 4.5% |
DATA SNAP: Australian Dec Unemployment Rate 4.3% (Dow Jones)
Australia's unemployment rate fell to a better−than−expected seasonally adjusted 4.3% in December from 4.5% in November. The number of employed rose 20,100, the Australian Bureau of Statistics said Thursday. Economists on average had expected an unemployment rate of 4.4% in December, with the number of employed up 20,000.
[ Full Story ]- Read the Labour Force report at Australian Bureau of Statistics
- Australian employment growth supports argument for rate hike − economists (Thomson Financial News)
- Australia's Dec unemployment rate 4.3 percent vs 4.4 percent consensus forecast (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 17 | 00:30 | AU | Employment Change (Dec) | 20.1K | 20.0K | 47.6K |
| 00:30 | AU | Unemployment Rate (Dec) | 4.3% | 4.4% | 4.5% | |
| 04:30 | JP | Industrial Production (MoM) (Nov) | -1.6% | -1.6% | 1.7% | |
| 04:30 | JP | Industrial Production (YoY) (Nov) | 2.9% | 2.9% | 4.7% | |
| 10:00 | EMU | Trade Balance n.s.a. (Nov) | €5.5B | €6.1 | ||
| 10:00 | EMU | Trade Balance s.a. (Nov) | €3.7B | €4.0B | ||
| 10:00 | CH | ZEW Survey − Expectations | -29.7 | |||
| 13:00 | US | Fed's Bernanke Speaks | ||||
| 13:30 | US | Building Permits (MoM) (Dec) | 1.138M | 1.152M | ||
| 13:30 | US | Continuing Jobless Claims (Jan 5) | 2702K | |||