Monday, Jan 21, 08:37 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Jan 21, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jan 21, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jan 21, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Jan 21, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Jan 21, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Jan 21, 14:00 GMT | FX Instructor Live Trading Room | Mihai Marinescu | WBN |  |
Current Session: Europe
USD/JPY
Daily Market Commentary − The dollar made little general progress on Friday amid mixed data by Global Forex Trading
Dollar/yen marked time within an inside range but remained well above the 2 ½−year low that was coined on Wednesday. Mixed trading remains favored. Immediate support is still seen at 106.20. The next level is 105.93. Below 105.50 there is distant support at 104.25. Above 106.90, strong resistance comes at 107.95 from a 50−point pivot that targets 107.45 and 108.45.
- Webinars Video − Market Neutral Forex Options Strategies 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 Forex Technical Report − Euro Extends Weakness, Yen Strengthens by ActionForex.com
Daily Outlook − EUR/USD mid−term analysis by Karoll
Currencies at a Glance
- EUR/USD
- Trades below second support level 1.4548
01/21/2008 08:02 GMT - GBP/USD
- Moves down toward first support level 1.9468
01/21/2008 08:03 GMT - USD/CHF
- Trades around first resistant level 1.1036
01/21/2008 08:04 GMT - USD/JPY
- Moves down below first support level 106.27
01/21/2008 08:04 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 BSA MORTGAGE APPROVALS S.A
| Date (GMT) | Event | Cons. | Previous | |
| Jan 21 | 09:30 | BSA Mortgage approvals s.a | - | 4.5B |
Currency Speculations - Against the British Pound by Mihai Nichisoiu
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "With the credit crisis working at full speed, it will be interesting to see the rate at which mortgage approvals is going. A low number will clearly indicate that the housing trouble is rolling on, adding to the financial woes in the sector, and should have a negative effect on the GBP." − FXstreet.com
Top Market Movers Review
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 21 | 07:00 | Producer Price Index (YoY) | 2.5% | 2.7% | 2.5% |
| Jan 21 | 07:00 | Producer Price Index (MoM) | -0.1% | 0.2% | 0.8% |
German Dec PPI down 0.1 pct from Nov, up 2.5 pct year−on−year (Thomson Financial News)
Producer prices in Germany eased 0.1 pct in December from November but rose 2.5 pct from December last year, the Federal Statistics Office said.
[ Full Story ]- Read the Producer prices 2007 data at German Statistics
- UPDATE: German Dec PPI −0.1% On Month, +2.5% On Year (Dow Jones)
- DATA SNAP: German Dec PPI −0.1% On Month, +2.5% On Year (Dow Jones)
- German PPI edges down in December; 2.5% up year on year (FXstreet.com)
Australia PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 21 | 00:30 | Producer Price Index (QoQ) | 0.6% | 1.1% | 1.1% |
Australian 4Q Final PPI Rises 0.6% Vs 3Q (Dow Jones)
An index of final Australian producer prices rose 0.6% in the fourth quarter of 2007 from the third quarter and rose 2.8% from a year earlier, the Australian Bureau of Statistics said Monday. The index measures prices of capital and consumer items to final buyers.
[ Full Story ]- Read the Producer Price Index report at Australian Bureau of Statistics
- Australia's Q4 producer price index up 0.6 pct, less than forecast (Thomson Financial News)
Daily Forex Outlook - Stock prices influence FX markets once again. Aussie PPI to be released ahead of RBA rate hike expectations next month by Easy Forex
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 21 | 07:00 | DE | Producer Price Index (MoM) (Dec) | -0.1% | 0.2% | 0.8% |
| 07:00 | DE | Producer Price Index (YoY) (Dec) | 2.5% | 2.7% | 2.5% | |
| 08:15 | CH | Producer and Import Prices (MoM) (Dec) | -0.1% | 0.2% | 0.3% | |
| 08:15 | CH | Producer and Import Prices (YoY) (Dec) | 3.0% | 3.2% | 3.0% | |
| 09:30 | UK | BSA Mortgage approvals s.a (Dec) | 4.5B | |||
| 09:30 | UK | M4 Money Supply (MoM) (Dec)  | 0.4% | 0.5% | ||
| 09:30 | UK | M4 Money Supply (YoY) (Dec) | 11.0% | 11.7% | ||
| 09:30 | UK | M4 Sterling Lending (Dec) | £14.5B | £19.5B | ||
| 09:30 | UK | Public Sector Net Borrowing (Dec) | £7.1B | £11.2B | ||
| 13:30 | CA | Wholesale Sales (MoM) (Nov) | 0.5% | 0.5% | ||