Thursday, Jan 31, 08:24 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
Trading Currencies by Sector
Expert: Adam Rosen
Start: Thu, Jan 31, 12:00 GMT
Type of Session: Webinar
FOREX MASTERY − A Child's Play (Part 2)
Expert: Jay Lakhani
Start: Thu, Jan 31, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jan 31, 12:00 GMT | Trading Currencies by Sector  | Adam Rosen | WBN |  |
| Thu, Jan 31, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Thu, Jan 31, 14:30 GMT | Weekly Technical Briefing | Dan Blystone | WBN | |
| Thu, Jan 31, 15:00 GMT | FOREX MASTERY − A Child's Play (Part 2) | Jay Lakhani | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − The Euro rallied on yesterday by E−Forex
The Euro rallied on yesterday and got past the 1.4800 then 1.4820 resistance levels setting highs at 1.4905 due to Fed's rate cut by half point. Support starts at 1.4850 backed by 1.4820, 1.4780 and 1.4750. Resistance starts at 1.4920 followed by 1.4965 and 1.5. Daily sentiment is bullish and will remain intact while the Euro holds above the 1.4750 mark.
- 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
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Hedging Range Trades − NZDUSD Range Presents Strong Hedge With 500 Points Of Profit Potential by FXCM
Currencies at a Glance
- EUR/USD
- Moves down back above pivot level 1.4839
01/31/2008 08:12 GMT - GBP/USD
- Back around opening price level 1.9862 , below pivot level 1.9886
01/31/2008 08:13 GMT - USD/CHF
- Stays below pivot level 1.0866
01/31/2008 08:13 GMT - USD/JPY
- Moves up above pivot level 106.65
01/31/2008 08:14 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jan 31 | 10:00 | Consumer Price Index (MoM) | - | 0.4% |
| Jan 31 | 10:00 | Consumer Price Index (YoY) | - | 3.1% |
Friday Notes - More to come from Fed; ECB to follow by HVB Group
In January, inflation will probably move slightly higher to 3.2%, though we see risks tilted toward an unchanged reading. Food and energy will put upward pressure on overall inflation, while we have penciled in a decline in core inflation as the favorable base effect related to the German VAT hike kicks in.
[ Full Story ]Top Market Movers Review
UK NATIONWIDE HOUSING PRICES S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 31 | 07:00 | Nationwide Housing Prices s.a (MoM) | -0.1% | 0.4% | 0.4% |
| Jan 31 | 07:00 | Nationwide Housing Prices n.s.a (YoY) | 4.2% | 4.2% | 4.8% |
DATA SNAP: UK January House Prices −0.1% MM, +4.2% YY (Dow Jones)
U.K. house prices fell for the third straight month in January while the year−on−year gain was the lowest since December 2005, the Nationwide Building Society said Thursday. According to the mortgage lender, house prices were down a seasonally adjusted 0.1% from December.
[ Full Story ]- Read the Housing Prices data at Nationwide
- UK housing prices increase 4.2% year−on−year in January (FXstreet.com)
- United Kingdom Jan Nationwide Housing Prices s.a decrease 0.1% from Dec; 4.2% up on the year (FXstreet.com)
Germany RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 31 | 07:00 | Retail Sales (YoY) | -6.9% | -4.2% | -3.2% |
| Jan 31 | 07:00 | Retail Sales (MoM) | -0.1% | 1.7% | -1.9% |
DATA SNAP: German Real Retail Sales −2.2% YY In 2007 (Dow Jones)
German retail sales fell in December, contrary to expectations, data from the Federal Statistics Office showed Thursday. Retail sales fell by 0.1% on the month, according to seasonally adjusted data, and were down by 6.9% on the year.
[ Full Story ]- Read the Retail Sales data at German Statistics [text in German]
- German Dec retail sales down 0.1 pct vs Nov, down 6.9 pct yr−on−yr (Thomson Financial News)
- Germany Dec Retail Sales decrease 0.1% in December; 6.9% down year on year (FXstreet.com)
Japan HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 31 | 05:00 | Housing Starts (YoY) | -19.2% | -19.1% | -27.0% |
Japan December Housing Starts Down 19.2% On Year (Dow Jones)
Japanese housing starts fell 19.2% in December from a year earlier to 87,214 units, marking the sixth straight month of double−digit declines, the Ministry of Land, Infrastructure and Transport said Thursday. The result was worse than the 18.2% drop forecast by economists surveyed by Dow Jones/Nikkei.
[ Full Story ]- Read the Housing Starts report at Japan Ministry of Land, Infrastructure, Transport and Tourism
- Japan housing starts fall 19.2 percent in December on tighter building rules (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 31 | 07:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Jan) | 4.2% | 4.2% | 4.8% |
| 07:00 | UK | Nationwide Housing Prices s.a (MoM) (Jan) | -0.1% | 0.4% | 0.4% |
|
| 07:00 | DE | Retail Sales (MoM) (Dec) | -0.1% | 1.7% | -1.9% |
|
| 07:00 | DE | Retail Sales (YoY) (Dec) | -6.9% | -4.2% | -3.2% | |
| 08:55 | DE | Unemployment Change (Jan) | -43K | -78K | ||
| 08:55 | DE | Unemployment Rate s.a. (Jan) | 8.3% | 8.4% | ||
| 10:00 | EMU | Consumer Confidence | -10 | -9 | ||
| 10:00 | EMU | Consumer Price Index (MoM) (Jan)  | 0.4% | |||
| 10:00 | EMU | Consumer Price Index (YoY) (Jan) | 3.1% | |||
| 10:00 | EMU | Economic Confidence (Jan) | 104.1 | 104.7 | ||