Thursday, Jan 24, 08:26 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinars VIDEOS: Weekly Technical Briefing by Dan Blystone
- Trendrex: Instant Trading Tips from FX Pros right to your desktop
- The Forex Journal: 14 Top Experts Analysing the Forex Market
- The Advisor Blog: At the Open. Let technicals work.
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Live Sessions Schedule
MONTHLY WEBINAR: Creating and Using a Powerful Trading Plan − Part 1
Expert: Rob Booker
Start: Thu, Jan 24, 14:00 GMT
Type of Session: Webinar
Topics
− How to Use a Trading Plan Every Day, Week, and Month
− How to Share Your Plan with Others
| Sponsored by | ||||
| Thu, Jan 24, 14:00 GMT | MONTHLY WEBINAR: Creating and Using a Powerful Trading Plan − Part 1 | Rob Booker | WBN |  |
| Thu, Jan 24, 15:30 GMT | MONTHLY WEBINAR: Creating and Using a Powerful Trading Plan − Part 2  | Rob Booker | WBN | |
| Fri, Jan 25, 11:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN |  |
| Fri, Jan 25, 12:00 GMT | Candlestick Review | Adam Rosen | WBN | |
Current Session: Europe
USD/JPY
Daily Market Commentary − The dollar ended little changed on Wednesday after an exceptionally volatile day by Global Forex Trading
Dollar/yen surged from an over 2 ½−year low on Wednesday after extremely volatile trading. Mixed to higher trading is now favored. Above 104/35, strong resistance comes at 107.95 from a 50−point pivot that targets 107.45 and 108.45. Distant resistance is at 109.65. Immediate support remains at 106.35. Strong support follows at 105.50 from a 50−point pivot, which targets 115.00 and 116.00. Distant support lies at 104.25.
- 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
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Daily Forex Technical Report − Focus on German Ifo and US Existing Home Sales by ActionForex.com
Currencies at a Glance
- EUR/USD
- Continues to trade around pivot level 1.4608
01/24/2008 07:53 GMT - GBP/USD
- Continues to trade below pivot level 1.9554
01/24/2008 07:53 GMT - USD/CHF
- Continues to trade below pivot level 1.0924
01/24/2008 07:54 GMT - USD/JPY
- Continues to trade around pivot level 106.35
01/24/2008 07:54 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
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Jan 24 | 09:00 | IFO − Business Climate | 102.3 | 103.0 |
EMU economic indicators - The January RBS PMI manufacturing index for the EMU is likely to have decreased by BHF−Bank
The German ifo business climate index is expected to have declined again in January, albeit less sharply than previously.
[ Full Story ]Daily Forex Technical Report − Focus on German Ifo and US Existing Home Sales by ActionForex.com
Top Market Movers Review
Japan ALL INDUSTRY ACTIVITY INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 23 | 23:50 | All Industry Activity Index (MoM) | -0.5% | -0.4% | 1.2% |
Japan's all−industries index falls 0.5 percent in November (Thomson Financial News)
Japan's all−industries index, which covers a broad range of economic activity including spending in the services sector, fell a seasonally adjusted 0.5 percent in November from October, hit by weak output, the Ministry of Economy, Trade and Industry said Thursday. The decline, the first in two months, followed a 1.2 percent increase in October.
[ Full Story ]- Read the All Industry Activity Index report at Japan Ministry of Economy, Trade and Industry
New Zealand RBNZ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 23 | 20:00 | RBNZ Interest Rate Decision | 8.25% | 8.25% | 8.25% |
NZealand central bank leaves interest rates unchanged (Thomson Financial News)
New Zealand's central bank left interest rates unchanged Thursday, saying the economy is in good shape despite recent global market turmoil and a slowdown in the US and Europe. Reserve Bank of New Zealand governor Alan Bollard left the official cash rate on hold at 8.25 percent, one of the highest official rates in the developed world.
[ Full Story ]- Read the Interest Rate Decision report at RBNZ
- NZealand central bank leaves interest rates unchanged − UPDATE (Thomson Financial News)
- New Zealand Well Prepared For Global Econ Slowdown −Fin Min (Dow Jones)
Weekly Commentary - Waiting on events by Westpac Institutional Bank
Weekly Review and Outlook − Euro Sentiments Reversed, Yen Sharply Higher; BOJ, BOC, RBNZ to Meet by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 23 | 23:50 | JP | Adjusted Merchandise Trade Balance (Dec) | ¥640.0B | ¥663.3B | ¥830.0B |
| 23:50 | JP | All Industry Activity Index (MoM) (Nov) | -0.5% | -0.4% | 1.2% | |
| 23:50 | JP | Merchandise Trade Balance Total (Dec) | ¥877B | ¥943B | ¥791B |
|
| Jan 24 | 02:00 | NZ | Credit Card Spending | 7.6 | 9.5 | |
| 09:00 | DE | IFO − Business Climate (Jan) | 102.3 | 103.0 | ||
| 09:30 | UK | BBA Mortgage Approvals | 44.8K | |||
| 13:30 | US | Continuing Jobless Claims (Jan 12) | 2751 | |||
| 13:30 | US | Initial Jobless Claims (Jan 19) | 320K | 301K | ||
| 15:00 | US | Existing Home Sales (Dec) | 4.95M | 5.00M | ||
| 15:00 | US | Existing Home Sales (MoM) (Dec) | -1.0% | 0.4% | ||