Friday, Jan 09, 08:47 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Trading Break Out's And Other Market Views by Phil Newton
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
The Trader's Edge: EUR/USD (Pre−NFP) by Ross Yamashita
With the NFP coming out, we've got to really be on our "A" game. First, the general consensus is that the numbers are going to be bad − but how bad will they be? Even with the holiday hype late last year, analysts are still favoring a massive cut in employment for the month.
FX Market Readings: 13:30 GMT -NFP data release - expected moves in Majors for week end by Dr.S. Sivaraman
FXbootcamp: Pre London Outlook For January 9th 2009 by David R Pegler
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 32nd Edition
Expert: Wayne McDonell
Start: Fri, Jan 9, 12:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jan 9, 12:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 32nd Edition | Wayne McDonell | WBN | |
| Mon, Jan 12, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN |  |
| Mon, Jan 12, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Jan 12, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe
ActionForex.com − USD/JPY recovers mildly after diving to 90.84 and at this point, intraday bias remains on the downside as long as 92.02 minor resistance holds. Break of inner rising trend line support is taken as the first alert that whole rebound from 87.13 has completed after failing to sustain above 93.90 cluster resistance.
.
Forex Trading Strategies − FX Markets press the pause button ahead of US non−farm payrolls by Saxo Bank
1.5130 looks key to prevent a slide to 1.5000. However, 1.5000 seen holding for a strong rebound to o/n highs near 1.5350 and beyond.
Daily Forex Strategy Briefing − Greenback Lower Ahead of Payroll Data by CMS Forex
The EUR/JPY fell for a fourth day as US stocks declined modestly. The pair was unable to penetrate the resistance from the long−term downtrend.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jan 9 | 10:00 | Retail Sales (YoY) | -1.6% | -2.1% |
| Jan 9 | 10:00 | Retail Sales (MoM) | -0.1% | -0.8% |
Daily Market Briefing - Euro Ends Day Just Below Key Resistance − Will Euro−zone Retail Sales Weigh on Friday? by FXCM
In fact, given this correlation, the timelier PMI results suggest that retail sales will remain weak not only in this reading for November, but for December as well. The impact on the euro should be minimal, barring a sharp, unexpected decline.
[ Full Story ]Top Market Movers Review
Germany RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 9 | 07:00 | Retail Sales (YoY) | -3.0% | - | -1.5% |
| Jan 9 | 07:00 | Retail Sales (MoM) | 0.7% | - | -1.6% |
German retail sales pick up in November (FXstreet.com)
Retail sales volume has increased in Germany in November for the first time in the last three months, following considerable declines in the two previous months, according to data released by German Statistics.
[ Full Story ]- Read the Retail Sales data at German Statistics
- UPDATE 1−German retail sales rise but future bleak (Thomson Financial News)
- INSTANT VIEW 4−German Nov retail sales up more than expected (Thomson Financial News)
- INSTANT VIEW 2−German Nov retail sales up more than expected (Thomson Financial News)
EMU economic indicators - German retail sales (October): up slightly by BHF−Bank
Forex Trading Strategies - EURUSD dips keep turning into bounces so far by Saxo Bank
Japan COINCIDENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 9 | 05:00 | Coincident Index | 94.9% | 94.9% | 97.7% |
| Jan 9 | 05:00 | Leading Economic Index | 81.5 | 81.4 | 85.2 |
Japan Nov coincident indicator index −2.8 points m/m (Thomson Financial News)
Japan's index of coincident economic indicators fell 2.8 points to a preliminary 94.9 in November from 97.7 in October, government data showed on Friday, signalling that the world's second−largest economy faces an even deeper recession.
[ Full Story ]- Read the Coincident data at The Cabinet Office
- Japan November Leading Indicators Table Of Data (Dow Jones)
- TABLE−Japan Nov coincident indicator index −2.8 points m/m (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 9 | 05:00 | JP | Coincident Index (Nov)  | 94.9% | 94.9% | 97.7% |
| 05:00 | JP | Leading Economic Index (Nov) | 81.5 | 81.4 | 85.2 | |
| 07:00 | DE | Retail Sales (MoM) (Nov) | 0.7% | -1.6% | ||
| 07:00 | DE | Retail Sales (YoY) (Nov) | -3.0% | -1.5% | ||
| 09:30 | UK | Industrial Production (MoM) (Nov) | -0.5% | -1.7% | ||
| 09:30 | UK | Industrial Production (YoY) (Nov) | -5.2% | -5.2% | ||
| 09:30 | UK | Manufacturing Production (MoM) (Nov) | -0.9% | -1.4% | ||
| 09:30 | UK | Manufacturing Production (YoY) (Nov) | -5.2% | -4.9% | ||
| 09:30 | UK | Producer Price Index − Input (MoM) s.a (Dec) | -2.0% | -3.3% | ||
| 09:30 | UK | Producer Price Index − Input (YoY) n.s.a (Dec) | 3.0% | 7.5% | ||