Friday, Jan 18, 08:29 GMT
EUROPEAN Trading Newsletter
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- The Advisor Blog: At the Open
- Webinars VIDEOS: Trading Series - Chapter II: Day Trading Basics by Markus Heitkoetter
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Live Sessions Schedule
What Moves Currencies? − Weekly Wrap−Up
Expert: Tony Juste
Start: Fri, Jan 18, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
FOREX MASTERY − A Child's Play (Part 1)
Expert: Jay Lakhani
Start: Fri, Jan 18, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jan 18, 11:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN | |
| Fri, Jan 18, 12:00 GMT | FOREX MASTERY − A Child's Play (Part 1) | Jay Lakhani | WBN |  |
| Fri, Jan 18, 15:00 GMT | Live Trading  | Tony Juste | WBN | |
| Mon, Jan 21, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
Current Session: Europe
EUR/JPY
Daily Forex Outlook − Soft US data, and plunging stock prices cause market volatility. Bernanke comments on a slowing 2008 by Easy Forex
EUR/JPY's recent decline from 166.64 extended further to as low as 155.69 before recovering mildly. Nevertheless, from a short term angle, further fall is still expected as long as 158.45 resistance holds. Next downside target will be 61.8% retracement of 149.27 to 167.72 at 156.32 after taking out 100% projection of 166.64 to 159.73 from 162.27 at 155.36.
- 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:
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Currencies at a Glance
- EUR/USD
- Continues to trade below pivot level 1.4648
01/18/2008 08:09 GMT - GBP/USD
- Trades below pivot level 1.9703
01/18/2008 08:09 GMT - USD/CHF
- Moves up toward first resistant level 1.1081
01/18/2008 08:10 GMT - USD/JPY
- Moves up above pivot level 106.98
01/18/2008 08:10 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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jan 18 | 09:30 | Retail Sales (YoY) | 3.4% | 4.4% |
| Jan 18 | 09:30 | Retail Sales (MoM) | 0.2% | 0.4% |
Friday Notes - Fed – still a long way to go by HVB Group
After having recovered in November, we expect retail sales to have edged down 0.4% m−o−m in December, in line with indications coming from the British Retail Consortium's retail trade survey published early this week. In Q4, retail sales posted a significant deceleration compared to the previous quarter, indicating that past Bank of England tightening and the financial market crisis are taking their toll on consumers.
[ Full Story ]Top Market Movers Review
Japan CONSUMER CONFIDENCE HOUSEHOLDS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 18 | 05:00 | Consumer Confidence Households | 38.0 | 38.3 | 39.8 |
Japanese consumer confidence slips to lowest in over four years in December (Thomson Financial News)
Japanese consumer confidence sank to its lowest level in more than four years in December as consumers fretted about deteriorating economic conditions, the labor market and inflation, government data released Friday show. The consumer confidence index fell to 38.0 in December, its lowest level since June 2003, from 39.8 in November, according to the Cabinet Office data.
[ Full Story ]- Read the Consumer Confidence report at Japan Cabinet Office
- Japan Govt: Dec Consumer Sentiment Index 38.0 Vs Nov 39.8 (Dow Jones)
Japan TERTIARY INDUSTRY INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 17 | 23:50 | Tertiary Industry Index (MoM) | 0.1% | -0.4% | 1.1% |
Japan tertiary index up 0.1 percent in November on firm medical spending (Thomson Financial News)
Japan's tertiary index, which measures spending in the services sector, rose 0.1 percent in November from October owing to firm spending on medical and welfare services, the Ministry of Economy, Trade and Industry said Friday. The index increased to 110.6 in November, rising for the second straight month, but was still below the record level of 111.2 reached in August.
[ Full Story ]- Read the Tertiary Industry Index report at Japan Ministry of Economy, Trade and Industry
- DATA SNAP: Japan Nov METI Tertiary Activity Index Up 0.1% (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 17 | 23:50 | JP | Tertiary Industry Index (MoM) (Nov) | 0.1% | -0.4% | 1.1% |
| Jan 18 | 00:30 | AU | Import Price Index (QoQ) (4Q) | 0.2% | -0.8% | |
| 05:00 | JP | Consumer Confidence (Dec) | 38 | 40 | ||
| 05:00 | JP | Consumer Confidence Households (Dec) | 38.0 | 38.3 | 39.8 | |
| 09:30 | UK | Retail Sales (MoM) (Dec) | 0.2% | 0.4% | ||
| 09:30 | UK | Retail Sales (YoY) (Dec) | 3.4% | 4.4% | ||
| 13:30 | CA | Manufacturing Sales (MoM) (Nov) | 0.3% | 0.1% | ||
| 15:00 | US | Leading Indicators (MoM) (Dec) | -0.1% | -0.4% | ||
| 15:00 | US | Reuters/Michigan Consumer Sentiment Index (Jan)  | 75.0 | 75.5 | ||
| Jan 22 | 05:00 | JP | BoJ Interest Rate Decision | 0.5% | ||