Wednesday, Jan 23, 08:40 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinars VIDEOS: Weekly Technical Briefing by Dan Blystone
- 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. So what is next?
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Wed, Jan 23, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − A Look at the Carry Trade
Expert: Tony Juste
Start: Wed, Jan 23, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jan 23, 10:00 GMT | FX Instructor Live Trading Room  | Sunil Mangwani | WBN | |
| Wed, Jan 23, 11:00 GMT | What Moves Currencies? − A Look at the Carry Trade | Tony Juste | WBN | |
| Wed, Jan 23, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Wed, Jan 23, 14:00 GMT | Main Fundamental theme in the Currency market | Boris Schlossberg | WBN |  |
Current Session: Europe
GBP/USD
Daily Forex Technical Report − Market's Focus Turning to BoE Minutes and UK GDP by ActionForex.com
Cable's strong rebound reached as high as 1.9645 but fails to sustain above 4 hours 55 EMA (now at 1.9602). Short term outlook is neutral for the moment. On the one hand, break of 1.9789 is needed to be the first signal that whole decline from 2.1161 has completed. Otherwise, further decline is still in favor after completing the current rebound.
- Webinars Video − Strategies for Long Term Profits in the Forex 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
Today's Technical Trading Points − Today's Technical Trading Points by Danske Bank A/S
Daily technical research − EurUsd recovered in yesterday's session by FX Instructor
Currencies at a Glance
- EUR/USD
- Moves down below opening price level 1.4630 , above pivot level 1.4546
01/23/2008 08:05 GMT - GBP/USD
- Trades above pivot level 1.9525
01/23/2008 08:05 GMT - USD/CHF
- Moves up above opening price level 1.0947 , below pivot level 1.1006
01/23/2008 08:06 GMT - USD/JPY
- Back above opening price level 106.43 , above pivot level 106.36
01/23/2008 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 PMI MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Jan 23 | 09:00 | PMI Manufacturing | 52.8 | 52.6 |
EMU economic indicators - The January RBS PMI manufacturing index for the EMU is likely to have decreased by BHF−Bank
We are expecting the February GfK German consumer confidence and January Italian consumer confidence to have deteriorated slightly, and the same goes for the RBS purchasing managers' index for the EMU manufacturing sector in January.
[ Full Story ]Top Market Movers Review
Australia CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 23 | 00:30 | Consumer Price Index (YoY) | 3.0% | 3.0% | 1.9% |
| Jan 23 | 00:30 | Consumer Price Index (QoQ) | 0.9% | 1.0% | 0.7% |
DATA SNAP: Australian CPI Speeding Up (Dow Jones)
Australia's consumer price index rose 0.9% in the fourth quarter of 2007 from the third quarter and rose 3.0% from a year earlier, the Australian Bureau of Statistics said Wednesday. Economists on average had expected that the CPI rose 0.9% from the previous quarter and rose 2.9% from a year earlier. In the third quarter, the CPI rose 0.7% on quarter and 1.9% on year.
[ Full Story ]- Read the Consumer Price Index report at Australian Bureau of Statistics
- Australia's Q4 headline CPI up 0.9 pct vs 1.0 pct consensus rise (Thomson Financial News)
- DATA SNAP: Australian CPI Speeding Up −2 (Dow Jones)
Weekly Commentary - Waiting on events by Westpac Institutional Bank
Australia WESTPAC LEADING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 22 | 23:30 | Westpac Leading Index (MoM) | 6.4% | - | 0.5% |
Australian Leading Economic Index +6.4% In Nov (Dow Jones)
A leading index of the Australian economy grew at an annualized rate of 6.4% in November, up from 5.2% in October. The index of where the economy is headed in the next three to nine months is compiled monthly by Westpac Banking Corp. and Melbourne University's Institute of Applied Economic and Social Research.
[ Full Story ]- Australia's Westpac leading index up 2.6 points in November (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 22 | 23:30 | AU | Westpac Leading Index (MoM) (Nov) | 6.4% | 0.5% | |
| Jan 23 | 00:30 | AU | Consumer Price Index (QoQ) (4Q) | 0.9% | 1.0% | 0.7% |
| 00:30 | AU | Consumer Price Index (YoY) (4Q) | 3.0% | 3.0% | 1.9% | |
| 08:00 | EMU | ECB's Trichet Speaks | ||||
| 09:00 | EMU | PMI Manufacturing (Jan)  | 52.8 | 52.6 | ||
| 09:00 | EMU | Purchasing Manager Index Services (Jan) | 52.1 | 53.1 | ||
| 09:30 | UK | Bank of England Minutes | ||||
| 09:30 | UK | Gross Domestic Product (QoQ) (4Q) | 0.5% | 0.7% | ||
| 09:30 | UK | Gross Domestic Product (YoY) (4Q) | 2.8% | 3.3% | ||
| 09:30 | UK | Index of Services | 0.7% | |||