Tuesday, Jan 20, 08:24 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
The Trader's Edge: Snapshot − NZD/JPY by Ross Yamashita
Because we posted some of the majors on our website, let's look at another potential trading opportunity. We've been watching the NZD/JPY for a while now and the currency keeps creeping further and further down. As you can see by the last candle in the chart, the bears seem to keep pushing the market down.
Forex Trading Today: The Yen Crosses Go Skiing With Us As Well! by Tim Salem
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jan 20, 15:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Jan 20, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jan 20, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Jan 20, 13:30 GMT | Convergence & Divergence | Adam Rosen | WBN |  |
| Tue, Jan 20, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Jan 20, 16:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe
Sterling Hit Hard on Worry of Downgrade
ActionForex.com − The broad based deep selloff in Sterling that's triggered by RBS losses and UK's second bank bailout package extended further in Asian session today. Investors are clearly unconvinced by UK's 100b pound bailout, that includes a term that banks must agree to "have specific and quantified lending commitments that will be binding and externally audited", as mutual responsibility as PM Brown said yesterday.
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Trading News Report − Trading the Bank of Canada Interest Rate Decision by FXCM
The Canadian dollar is likely to face increased selling pressures over the next 24 hours of trading as the Bank of Canada is widely expected to lower the benchmark interest rate by 50bp to a record low of 1.00% as the world's eighth largest economy faces a recession for the first time in over a decade
Market Session Recaps − Asia Session by FOREX.com
The Euro continued it's downward trend today after Spain was downgraded by Standard & Poor's, the single European Currency fell from 1.3100 to just near 1.2980 against the US Dollar. With German and Euro−Zone ZEW data due later, the softening Euro may continue.
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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jan 20 | 09:30 | Consumer Price Index (MoM) | -0.9% | -0.1% |
| Jan 20 | 09:30 | Consumer Price Index (YoY) | 2.6% | 4.1% |
PREVIEW−UK Dec CPI seen slowing at sharpest pace since 1992 (Thomson Financial News)
Heavy pre−Christmas discounting and a cut in value−added tax are expected to have caused the sharpest fall in British consumer price inflation since the last recession when December data is released on Tuesday.
[ Full Story ]UK, December's CPI probably fell deeper by −0.8% mom by ActionForex.com
Top Market Movers Review
Japan CONSUMER CONFIDENCE HOUSEHOLDS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 20 | 05:00 | Consumer Confidence Households | 26.2 | 27.9 | 28.4 |
Japan consumer sentiment hits record low in Dec (Thomson Financial News)
Japanese consumer confidence fell to a fresh record low in December from three months earlier on a seasonally adjusted basis, a government survey showed on Tuesday. The Cabinet Office survey's sentiment index for general households, which includes views on income and jobs, stood at 26.7 in December, the lowest since the survey began in 1982. It was down from 31.2 in September.
[ Full Story ]- Read the Confidence data at The Cabinet Office
- Japan Govt: Consumer Sentiment Worsened In Dec Vs Nov (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 19 | 23:50 | JP | Tertiary Industry Index (MoM) (Nov) | -0.9% | -0.8% | 0.4% |
| Jan 20 | 05:00 | JP | Consumer Confidence (Dec) | 26.7 | 27.5 | 28.7 |
| 05:00 | JP | Consumer Confidence Households (Dec) | 26.2 | 27.9 | 28.4 | |
| 06:00 | JP | Machine Tool Orders (YoY) (Dec) | -71.8% | -62.1% | ||
| 09:30 | UK | Consumer Price Index (MoM) (Dec) | -0.9% | -0.1% | ||
| 09:30 | UK | Consumer Price Index (YoY) (Dec) | 2.6% | 4.1% | ||
| 09:30 | UK | Core Consumer Price Index (YoY) (Dec) | 1.5% | 2.0% | ||
| 09:30 | UK | Retail Price Index (MoM) (Dec) | -1.7% | -0.8% | ||
| 09:30 | UK | Retail Price Index (YoY) (Dec) | 0.6% | 3.0% | ||
| 10:00 | DE | ZEW Survey − Economic Sentiment (Dec) | -42.5 | -45.2 | ||