Wednesday, Jan 14, 09:00 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: The World of Forex Breakout Trading by James Chen
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: Risk Aversion Continues to Roll Over the Euro and the Pound by Tim Salem
Our Dollar and Yen "Strength Match" rolls on with even more persistent Price action! Today and Tomorrow we will have a look at the Euro Dollar and Pound Dollar examples...
FxBootcamp: Pre London Outlook For January 14th 2009 by David R Pegler
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Jan 14, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Jan 14, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jan 13, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Jan 14, 10:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Jan 14, 11:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Jan 14, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
Current Session: Europe
EUR/USD: Downside remains under pressure
E−Forex − Downside remains under pressure as the Euro has reached intra−day lows at 1.3140 on yesterday. Current recovery to 1.3300 is rather corrective and the decline is likely to resume within the next trading sessions. On the upside, resistance emerges at 1.3315 followed by 1.3400 and 1.3550. Important support is formed on the 1.3100 handle backed by the psychological barrier of 1.3000. Intra−day sentiment is bullish while the daily studies are bearish. Current quote is 1.3280 @07:40 GMT
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Weekly Update − The yen climbed to a three−week high against the dollar by Union Bank of California
The yen climbed to a three−week high against the dollar on Monday, as a grim view on the global economy and a generally weaker tone in equities worldwide prompted investors to spurn riskier assets.
Trading News Report − EUR/USD: Trading the US Advance Retail Sales Report by FXCM
Retail spending in the U.S. is expected to fall another 1.2% in December following the 1.8% contraction the previous month, and is likely to weigh on the greenback as the growth outlook for the world's largest economy remains bleak.
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 INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jan 14 | 10:00 | Industrial Production s.a. (MoM) | -1.8% | -1.2% |
| Jan 14 | 10:00 | Industrial Production w.d.a. (YoY) | -5.8% | -5.3% |
EMU economic indicators - EMU industrial production (November): down by BHF−Bank
Italian and EMU industrial production will probably have continued decreasing in November, because all correlated climate indicators deteriorated. The EMU trade balance is likely to have deteriorated too, like the corresponding German figure.
[ Full Story ]Eurozone's industrial production is expected to have dropped −1.8% by ActionForex.com
Top Market Movers Review
US ABC/WASHINGTON POST CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 13 | 21:00 | ABC/Washington Post Consumer Confidence | -49 | - | -51 |
ABC/Wash Post: US Consumer Confidence Steady In Latest Week (Dow Jones)
U.S. overall consumer confidence remained steady for a third straight week, according to an ABC News/Washington Post poll released Tuesday. The consumer comfort index held at −49 in the week ended Jan. 11, unchanged from the previous two weeks.
[ Full Story ]- Read the Confidence data at Washington Post
- RPT−US consumer confidence unchanged in latest week −ABC (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 13 | 21:45 | NZ | Building Permits (MoM) (Nov) | 4.3% | -19.7% |
|
| Jan 14 | 00:30 | AU | Home Loans (Nov) | 1.3% | 1.0% | 1.4% |
| 00:30 | AU | Investment Lending (Nov) | -6.1% | 0.7% | ||
| 06:00 | JP | Machine Tool Orders (YoY) (Dec)  | -71.9% | -62.1% | ||
| 10:00 | EMU | Industrial Production s.a. (MoM) (Nov) | -1.8% | -1.2% | ||
| 10:00 | EMU | Industrial Production w.d.a. (YoY) (Nov) | -5.8% | -5.3% | ||
| 11:00 | US | MBA Mortgage Applications (Dec) | -8.2% | |||
| 13:30 | US | Import Price Index (MoM) (Dec) | -5.3% | -6.7% | ||
| 13:30 | US | Import Price Index (YoY) (Dec) | 4.4% | |||
| 13:30 | US | Philadelphia Fed's Plosser speech | ||||