Wednesday, Jan 30, 08:13 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinars VIDEOS: Raghee Horner's Four Step Trading: Forex by Raghee Horner
- Central Banks: Fed - Preview of Jan 30 Meeting by FXstreet.com
- Special Event: Trade Non-Farm Payrolls LIVE - 21st Edition
- Improve your trading with our Trading Tools
- The Advisor Blog: At the Open.
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Live Sessions Schedule
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Wed, Jan 30, 10:00 GMT
Type of Session: Webinar
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Wed, Jan 30, 12:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jan 30, 10:00 GMT | Tracking the forex market together / Part I  | Dr.S.Sivaraman | WBN |  |
| Wed, Jan 30, 12:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Wed, Jan 30, 14:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN |  |
| Wed, Jan 30, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
The Euro's retreat on yesterday brought the mid 1.47 area on focus but it found support at 1.4750 and recovered, although it closed slightly lower. Support starts at 1.4750 backed by 1.4730, 1.4690 and 1.4660. Interim resistance is formed by yesterday's highs at 1.4785 followed by 1.4800 which couldn't be broken 2 days ago then 1.4825, 1.4855 and 1.4920 higher.
- Commitment of Traders (COT) Indicator − Free Access Day by S. Wade Hansen, 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 Commentary − How low will the Fed go? by Jyske Bank
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Moves up above pivot level 1.4769
01/30/2008 08:01 GMT - GBP/USD
- Continues to trade around opening price level 1.9895 , above pivot level 1.9878
01/30/2008 08:02 GMT - USD/CHF
- Moves down towards first support level 1.0893
01/30/2008 08:02 GMT - USD/JPY
- Continues to move down below first support level 106.58
01/30/2008 08:03 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 M4 MONEY SUPPLY
| Date (GMT) | Event | Cons. | Previous | |
| Jan 30 | 09:30 | M4 Sterling Lending | - | £15.7B |
| Jan 30 | 09:30 | M4 Money Supply (MoM) | - | 0.5% |
| Jan 30 | 09:30 | M4 Money Supply (YoY) | - | 11.7% |
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "With the credit crisis spreading out, M4 levels will certainly give us a clue where the monetary base is heading. A low reading would suggest contraction in consumption is just taking effect, and that should have clear negative effects on the GBP." − FXstreet.com
Top Market Movers Review
Japan INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 29 | 23:50 | Industrial Production (YoY) | 0.7% | 1.5% | 2.9% |
| Jan 29 | 23:50 | Industrial Production (MoM) | 1.4% | 2.0% | -1.6% |
DATA SNAP: Japan Dec Indus Output +1.4% On Mo (Dow Jones)
Japanese industrial output rose 1.4% on month in December, marking the first rise in two months, the government said Wednesday. Economists surveyed by Dow Jones Newswires and Nikkei estimated on average that industrial production had increased 2.1% on month in December after adjustment for seasonal factors.
[ Full Story ]- Read the Industrial Production report at Japan Ministry of Economic, Trade and Industry
- Japan's Dec industrial output up 1.4 pct from Nov, below forecast − UPDATE (Thomson Financial News)
- Japan's December industrial output up 1.4 percent from November, below forecast (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 29 | 21:45 | NZ | Building Permits (MoM) (Dec) | -5.2% | -0.1% | |
| 22:00 | US | ABC Consumer Confidence (Jan 27) | -27 | -23 | ||
| 23:50 | JP | Industrial Production (MoM) (Dec)  | 1.4% | 2.0% | -1.6% | |
| 23:50 | JP | Industrial Production (YoY) (Dec) | 0.7% | 1.5% | 2.9% | |
| Jan 30 | 09:00 | DE | Bloomberg Retail PMI (Jan) | 44 | ||
| 09:00 | EMU | Bloomberg Retail PMI (Jan) | 46 | |||
| 09:30 | UK | M4 Money Supply (MoM) (Dec) | 0.5% | |||
| 09:30 | UK | M4 Money Supply (YoY) (Dec) | 11.7% | |||
| 09:30 | UK | M4 Sterling Lending (Dec) | £15.7B | |||
| 09:30 | UK | Mortgage Approvals (Dec) | 79K | 83K | ||