Tuesday, Jan 22, 08:39 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinars VIDEOS: Trading Series - Chapter II: Day Trading Basics by Markus Heitkoetter
- The Forex Journal: 14 Top Experts Analysing the Forex Market
- Questions about Forex trading? FXWizard has the answers
- MONTHLY WEBINAR with Rob Booker on Thursday 24th
- The Advisor Blog: At the Open.
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Nader Moustafa
Start: Tue, Jan 22, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Outlook for the EUR crosses
Expert: Tony Juste
Start: Tue, Jan 22, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jan 22, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Jan 22, 10:00 GMT | FX Instructor Live Trading Room | Nader Moustafa | WBN | |
| Tue, Jan 22, 11:00 GMT | What Moves Currencies? − Outlook for the EUR crosses | Tony Juste | WBN | |
| Tue, Jan 22, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
Current Session: Europe
EUR/USD
Daily Market Commentary − The dollar surged more than expected versus the European currencies by Global Forex Trading
Euro/dollar collapsed to a near four−week low on Monday. Mixed to lower trading is likely today. Immediate support is now at 1.4390. Below 1.4350 there is support at 1.4310 follows this. Distant support now comes at 1.4260. Initial resistance is at 1.4550. This is followed by 1.4615 and 1.4670. The next level is 1.4770.
- 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:
Currency Performance Report − Asia Session Performance by FXstreet.com
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Currencies at a Glance
- EUR/USD
- Moves down below first support level 1.4379
01/22/2008 08:03 GMT - GBP/USD
- Moves down towards second support level 1.9329
01/22/2008 08:04 GMT - USD/CHF
- Stays above opening price level 1.1084 , above pivot level 1.1060
01/22/2008 08:04 GMT - USD/JPY
- Back around opening price level 105.96 , below pivot level 106.21
01/22/2008 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
Canada BOC INTEREST RATE ANNOUNCEMENT
| Date (GMT) | Event | Cons. | Previous | |
| Jan 22 | 14:00 | BoC Interest Rate Announcement | 4.00% | 4.25% |
Weekly Review and Outlook − Euro Sentiments Reversed, Yen Sharply Higher; BOJ, BOC, RBNZ to Meet by ActionForex.com
Three major central banks are scheduled to meet this week. BoC is expected to have another 25bps cut to 4.0.
[ Full Story ]Top Market Movers Review
Switzerland ADJUSTED REAL RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 22 | 08:15 | Adjusted Real Retail Sales (YoY) | 2.9% | 4.0% | 2.2% |
Swiss retail sales grow 2.9% on the year in November (FXstreet.com)
Retail sales have increased 3.6% in Switzerland in November in nominal terms, while they rose 2.9% in real terms, according to preliminary figures by the Swiss Statistics Office.
[ Full Story ]- Read the Retail Sales data at Swiss Statistics
- Switzerland Nov Adjusted Real Retail Sales increase 2.9% year on year; 4.0% expected (FXstreet.com)
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 22 | 05:00 | BoJ Interest Rate Decision | 0.5% | 0.5% | 0.5% |
Bank of Japan votes unanimously to keep overnight call rate target unchanged (Thomson Financial News)
The Bank of Japan kept its overnight call rate target unchanged at 0.5 percent for the 13th straight meeting Tuesday, as widely expected. This gives the Japanese central bank time to assess whether the financial market turmoil triggered by the credit crisis in the US will settle down soon, and whether weakness in the US housing market poses further material downside risk to its economy, given that the US is one of Japan's most important trading partners.
[ Full Story ]- Read the Interest Rate Decision report at Bank of Japan
- Bank of Japan leaves Jan economic assessment unchanged, mid−term view cut UPDATE (Thomson Financial News)
- Forex − Dollar gains vs yen on speculation BoJ may lower rate to boost economy (Thomson Financial News)
- Yen firms shortly after Bank of Japan decision to keep rates unchanged − UPDATE (Thomson Financial News)
Overnight Briefing: Far East Timezone - JPY rose on worries by Jyske Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 22 | 05:00 | JP | BoJ Interest Rate Decision | 0.5% | 0.5% | 0.5% |
| 06:00 | JP | Machine Tool Orders (YoY) (Dec) | 3.7 | 3.3 | ||
| 06:30 | JP | BoJ's Governor Fukui Speaks | ||||
| 08:15 | CH | Adjusted Real Retail Sales (YoY) (Nov) | 2.9% | 4.0% | 2.2% | |
| 11:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Jan) | -3% | 2% | ||
| 13:30 | CA | Retail Sales (MoM) (Nov) | 0.3% | 0.1% | ||
| 13:30 | CA | Retail Sales ex Autos (MoM) (Nov) | 0.5% | 0.0% | ||
| 14:00 | CA | BoC Interest Rate Announcement (Jan) | 4.00% | 4.25% | ||
| 15:00 | US | Richmond Fed Manufacturing Index (Jan) | -4 | |||
| 22:00 | US | ABC Consumer Confidence (Jan 20) | -24 | |||