Thursday, Jan 15, 08:27 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
The Trader's Edge: EUR/USD Snapshot by Ross Yamashita
It seems the screen capture software we're currently using isn't working out. We've tried for two days now and it may be time to look for another program. But, just like our time in the markets, we're determined so we'll get it done one way or the other. Just a quick entry pre−European opening. The daily charts show the general trend is down and we potentially have a lot of room to play with.
The Disciplined Trader: Close watch on EUR/USD - Looking for a bottom? by Pierre Charlebois
Live Sessions Schedule
Rule Based Short Term Trading In Forex − Free Access Day
Expert: Sam Seiden
Start: Thu, Jan 15, 10:00 GMT
Type of Session: Webinar
FX Instructor Live Trading Room − Free Access Day
Expert: Mark De La Paz
Start: Thu, Jan 15, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jan 15, 10:00 GMT | Rule Based Short Term Trading In Forex − Free Access Day | Sam Seiden | WBN |  |
| Thu, Jan 15, 12:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN | |
| Thu, Jan 15, 13:00 GMT | US Pre−Market Open − Free Access Day | Ed Ponsi | WBN | |
| Thu, Jan 15, 13:30 GMT | Selling Covered Options in the Forex − Free Access Day | John Jagerson | WBN | |
Current Session: Europe
EUR/USD: (1.3170) Has met 1st target off 1.3822
KBC Bank − Pair in channel off 1.4719, with daily Bollinger bottom at 1.3107 today.
Support area at 1.3150 (today's low?), ahead of 1.31107/ .3093 (see above/ current reaction low off 1.4719): tough on 1st attempts. If wrong, next levels at 1.3070 (break−up daily Dec 10), ahead of 1.3006 (monthly envelope bottom) and 1.2973 (daily envelope bottom), where pause favored, amid oversold readings.
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Forex Trading Strategies − EURGBP completed a well organized 5−wave sequence by Saxo Bank
EURGBP completed a well organized 5−wave sequence late last year to the spectacular 0.9800+ high and is now in a correction sequence. The rally we've seen this week may be a weak B−wave to be followed by a renewed C−wave to the downside.
Daily Technical Analysis − Hovering nervously around 89.00 by Mizuho Corporate Bank
Hovering nervously around 89.00 and will probably do the same again today. Rumours as to potential intervention should pick up the closer we get to 85.00.
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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jan 15 | 10:00 | Consumer Price Index (MoM) | -0.1% | -0.5% |
PREVIEW−Euro zone Dec inflation seen unrevised at 1.6 pct (Thomson Financial News)
Euro zone inflation is likely to have fallen dramatically in December to well under the European Central Bank's ceiling as oil prices and consumer demand tumbled, setting the stage for an interest rate cut on Thursday. All 34 economists in a Reuters poll said inflation for December will be confirmed at 1.6 percent when final data is released a few hours before the ECB makes its decision, down from 2.1 percent in November.
[ Full Story ]Top Market Movers Review
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 15 | 07:00 | Consumer Price Index (YoY) | 1.1% | 1.1% | 1.4% |
| Jan 15 | 07:00 | Consumer Price Index (MoM) | 0.3% | 0.3% | -0.5% |
DATA SNAP: German Final Dec CPI +0.3% On Month; +1.1% On Yr (Dow Jones)
German December consumer prices rose 0.3% on the month and 1.1% on the year, bringing the average annual rate for the full−year 2008 to 2.6%, the federal statistics agency Destatis said Thursday.
[ Full Story ]- Read the CPI data at German Statistics
- UPDATE: German Final Dec CPI +0.3% On Month; +1.1% On Yr (Dow Jones)
- TABLE−German Dec CPI confirmed at +0.3 pct m/m, +1.1 pct y/y (Thomson Financial News)
- German CPI eases in December; 2008 average, the highest in 14 years (FXstreet.com)
Australia UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 15 | 00:30 | Unemployment Rate | 4.5% | 4.5% | 4.4% |
| Jan 15 | 00:30 | Employment Change | -1.2 | -20.0K | -15.6K |
UPDATE 1−Australia sheds full−time jobs, worse to come (Thomson Financial News)
Australian employment fell by less than expected overall in December but a steep drop in full−time positions and a rise in the jobless rate heralded weakness ahead, reinforcing the case for further interest rate cuts.
[ Full Story ]- Read the Unemplyoment data at Australian Bureau of Statistics
- INSTANT VIEW 3−Australia full−time jobs take hit in Dec (Thomson Financial News)
- INSTANT VIEW 2−Australia full−time jobs take hit in Dec (Thomson Financial News)
- INSTANT VIEW−Australia full−time jobs take hit in Dec (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 15 | 00:30 | AU | Employment Change (Dec) | -1.2 | -20.0K | -15.6K |
| 00:30 | AU | Unemployment Rate (Dec) | 4.5% | 4.5% | 4.4% | |
| 07:00 | DE | Consumer Price Index (MoM) (Dec) | 0.3% | 0.3% | -0.5% | |
| 07:00 | DE | Consumer Price Index (YoY) (Dec) | 1.1% | 1.1% | 1.4% | |
| 10:00 | EMU | Consumer Price Index − Core (YoY) (Dec) | 1.8% | 1.9% | ||
| 10:00 | EMU | Consumer Price Index (MoM) (Dec) | -0.1% | -0.5% | ||
| 10:00 | EMU | Consumer Price Index (YoY) (Dec) | 1.6% | 2.1% | ||
| 12:45 | EMU | ECB Interest Rate Decision | 2.0% | 2.5% | ||
| 13:30 | US | Continuing Jobless Claims (Jan 3) | 4611K | |||
| 13:30 | EMU | ECB Trichet's Speech | ||||