Friday, Jan 25, 08:13 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What Moves Currencies? − Weekly Wrap−Up
Expert: Tony Juste
Start: Fri, Jan 25, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Candlestick Review
Expert: Adam Rosen
Start: Fri, Jan 25, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| 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 |  |
| Fri, Jan 25, 15:00 GMT | Live Trading  | Tony Juste | WBN | |
| Mon, Jan 28, 17:00 GMT | Understanding Price Action and using Momentum to generate signals | Chris Capre | WBN | |
Current Session: Europe
EUR/USD
Daily Forex Outlook − US Fiscal Stimulus gets the green light. High yielder's back in demand by Easy Forex
The Euro (EUR) rose against the Dollar and the Yen after European Central Bank council member Axel Weber dismissed speculation of an interest−rate cut by the European Central Bank as "wishful thinking". Weber's comments helped the European currency erase its losses as investors reduced bets the ECB will follow the Federal Reserve in lowering borrowing costs. Overall the EURUSD traded with a low of 1.4592 and a high of 1.4779 before closing the day at 1.4752 in the New York session.
- 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 Forex Strategy Briefing − Dollar and Yen Fall on Increased Risk Appetite by CMS Forex
Daily Market Overview − Sensitive by Trader College
Currencies at a Glance
- EUR/USD
- Continues to trade around opening price level 1.4754 , above pivot level 1.4708
01/25/2008 08:05 GMT - GBP/USD
- Moves up towards first resistant level 1.9862
01/25/2008 08:05 GMT - USD/CHF
- Moves up towards first resistant level 1.0927
01/25/2008 08:06 GMT - USD/JPY
- Moves up above first resistant level 107.58
01/25/2008 08:08 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jan 25 | 12:00 | Bank of Canada Consumer Price Index Core (MoM) | -0.1% | 0.0% |
| Jan 25 | 12:00 | Bank of Canada Consumer Price Index Core (YoY) | 1.7% | 1.6% |
| Jan 25 | 12:00 | Consumer Price Index (YoY) | 2.4% | 2.5% |
| Jan 25 | 12:00 | Consumer Price Index (MoM) | 0.2% | 0.3% |
Trading News Report - Canadian Inflation May Usher In Further BoC Rate Cuts And Loonie Losses by FXCM
Looking back over the market's reaction to the Canadian CPI data after past releases, it is clear that the inflation indicator is a considerable market mover in its own right.
[ Full Story ]Top Market Movers Review
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 25 | 07:10 | Gfk Consumer Confidence Survey | 4.5 | 4.3 | 4.5 |
UPDATE: German Consumer Sentiment Remains Mixed (Dow Jones)
Consumer sentiment in Germany remains mixed, reflecting inflation risks and positive labor market developments, market research group GfK said Friday. "German consumers are currently receiving very mixed signals regarding future economic developments," GfK said in a press release.
[ Full Story ]- Read the Consumer Confidence data at GfK Gruppe [text in German]
- Germany's GFK sees Feb consumer climate index at 4.5, unchanged from Jan (Thomson Financial News)
- DATA SNAP: German Feb Consumer Sentiment 4.5, Same As In Jan (Dow Jones)
- Germany Gfk Consumer Confidence Survey flat at 4.5 in Feb (FXstreet.com)
EMU economic indicators - The January RBS PMI manufacturing index for the EMU is likely to have decreased by BHF−Bank
Japan BOJ MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 24 | 23:50 | BoJ Minutes | - | - | - |
Bank of Japan warns of increased downside risks; keeps basic stance − minutes (Thomson Financial News)
The Bank of Japan's policy board reaffirmed at its late December meeting that it would pay closer attention to increased downside risks in the US, caused by the credit crunch and the weak housing market, minutes of the meeting released on Friday showed. It also pledged to monitor the downside risk in Japan brought about by a fall in housing investment.
[ Full Story ]- Read the Minutes of Meeting at Bank of Japan
- Bank of Japan governor dismisses call for rate cut (Thomson Financial News)
Japan NATIONAL CPI EX−FRESH FOOD
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 1 | 23:30 | National CPI Ex−Fresh Food (YoY) | - | - | -0.1% |
| Jan 24 | 23:30 | National CPI Ex−Fresh Food (YoY) | 0.8% | 0.6% | 0.4% |
Japan Dec Core CPI +0.8% On Year; Market Expected +0.6% (Dow Jones)
Japan's core consumer price index rose 0.8% in December from a year earlier, the Ministry of Internal Affairs and Communications said Friday, marking the biggest increase in almost a decade. The reading was above the 0.6% gain forecast by economists polled by Dow Jones Newswires and the Nikkei.It was the fastest rise since a 1.8% increase in March 1998.
[ Full Story ]- Read the Consumer Price Index report at Japan Statistics Bureau
- Japan's core CPI rises for third straight month in December (Thomson Financial News)
- Japan Outlook: Dec Nationwide CPI, BOJ Mtg Minutes (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 24 | 23:50 | JP | BoJ Minutes | |||
| Jan 25 | 07:00 | DE | Import Price Index (MoM) (Dec) | -0.1% | 0.0% | 0.7% |
| 07:00 | DE | Import Price Index (YoY) (Dec) | 3.7% | 3.8% | 3.5% | |
| 07:10 | DE | Gfk Consumer Confidence Survey (Feb) | 4.5 | 4.3 | 4.5 | |
| 12:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Dec) | -0.1% | 0.0% | ||
| 12:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Dec) | 1.7% | 1.6% | ||
| 12:00 | CA | Consumer Price Index (MoM) (Dec) | 0.2% | 0.3% | ||
| 12:00 | CA | Consumer Price Index (YoY) (Dec) | 2.4% | 2.5% | ||
| Jan 30 | 19:15 | US | Fed Interest Rate Decision | 3.5% | ||