Monday, Jan 19, 09:43 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: How to Survive and Prosper in 2009 Credit Crisis by John O'Donnell
- All the events of the day in our Economic Calendar
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Forex Blogs
ForexHedge: Dollar Collapse? by Ron Schelling
This time a more fundamental view on the US Dollar. Foreign Governments dumping US Assets during November last years according the TIC (Treasury International Capital). Net foreign purchases of long−term US securities were negative $ 56 billion.
FX Path: Forex Levels to Watch
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Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Jan 19, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jan 19, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jan 19, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Jan 19, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Jan 19, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Tue, Jan 20, 12:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: Europe
Is market looking for an Obama rally?
(Saxo Bank) − EURUSD closed the week at an interesting level: almost precisely at the 0.618 retracement level for the move from the 1.2335 low to the 1.4700+ recent high. That 1.4700 recent high, in turn was a 0.618 retracement from the 1.6000+ high to the 1.2335 low, so there seems to be a focus on the Fibo levels here. As well, last week saw the pair finding support ahead of the round 1.3000 level, a break of which will be the key focus if we are to resume the downtrend. The 200−week moving average may also be a focus and comes in around 1.3375 at present.
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Forex Analysis on Majors − Dollar Rises against Yen but Decreases against Euro and Pound by Forex Ltd
For short−term buying positions on condition of formation of topping signals the targets will be 90.40/60, 90.90/91.00 and/or further breakout variant up to 91.40 with targets up to 91.80/92.00, 92.60/80, 93.40/60
Daily Recommended Trades − Daily studies are slightly bullish and uptrend may continue by E−Forex
The daily studies are slightly bullish and uptrend may continue during the upcoming days. Near term resistance emerges at 1.4950 followed by 1.5040 and 1.5150.
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
UK CORE CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jan 20 | 09:30 | Consumer Price Index (MoM) | - | -0.1% |
| Jan 20 | 09:30 | Consumer Price Index (YoY) | 2.6% | 4.1% |
| Jan 20 | 09:30 | Core Consumer Price Index (YoY) | 1.5% | 2.0% |
Friday Notes - UK CPI: VAT to drag inflation sharply down by UniCredit Group
The descent in headline inflation continues at full speed. Although it is difficult to precisely assess the exact impact, an important factor dragging the headline CPI down in December should be the implementation of the VAT cut from 17.5% to 15%.
[ Full Story ]Top Market Movers Review
Switzerland ADJUSTED REAL RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 19 | 08:15 | Adjusted Real Retail Sales (YoY) | -1.4% | 1.5% | 2.9% |
Swiss retail sales slow down in December (FXstreet.com)
Retail sales have slowed down in Switzerland in December, driven mainly by lower sales of clothing and accessories, according to provisional estimations by the Swiss Office of Statistics.
[ Full Story ]- Read the offcial data at Swiss Federal Statistical Office
- INSTANT VIEW 1−Swiss workday−adjusted retail sales up 2.5 pct (Thomson Financial News)
- TABLE−Swiss real retail sales down 1.4 pct yr/yr in Nov (Thomson Financial News)
- Switzerland Dec Adjusted Real Retail Sales decline to 1.4%; consensus was 1.5% up (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 19 | 00:00 | US | Markets Closed for Bank Holiday | |||
| 04:30 | JP | Capacity Utilization (Nov) | -9.4 | -3.9 | ||
| 08:15 | CH | Adjusted Real Retail Sales (YoY) (Dec) | -1.4% | 1.5% | 2.9% | |
| 09:30 | EMU | ECB Trichet's Speech | ||||
| 10:00 | EMU | Construction Output w.d.a (YoY) (Nov) | -4% | |||
| 13:30 | CA | Canadian Investment in Foreign Securities (Nov) | $12.306B | |||
| 13:30 | CA | Foreign investment in Canadian securities (Nov) | $2.847B | |||
| 21:45 | NZ | Consumer Price Index (QoQ) (4Q) | -0.4% | 1.5% | ||
| 21:45 | NZ | Food Price Index (MoM) (Dec) | 0.8% | |||
| 23:50 | JP | Tertiary Industry Index (MoM) (Nov) | -0.8% | 0.4% | ||