Friday, Jan 16, 16:33 GMT
FOREX INFORMER
The Week Ahead
Weekly Focus − Tensions continuing
The past week has been a stark reminder that the situation in the US banking system is still far from normal, and that more capital will likely have to be in−jected into struggling banks. On Wednesday the US banking sector was shaken by revelations that Citi−group's financial health is dependent on further capital injections from the government. And on the same day news broke that Bank of America's (BofA) takeover of Merrill Lynch (which took place on the weekend when Lehman collapsed) will depend on new government loans. Sources said BofA last month wanted to cancel the takeover when it realised the full depth of the Q4 losses in Merrill Lynch. Apparently the government had to promise BofA the capital it needed to avoid BofA pulling out of the deal, as this would most likely cause severe systemic damage.
Friday Notes - The global economy is sliding ever deeper into recession by UniCredit Group
Other Stories and Resources
Take a look at our Real-Time Economic Calendar
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Intraweek Blogs
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Forex Forum
- Ask FXWizard: Questions about Forex trading? FXWizard has the answers.
- NFA Forex Dealer Dead Pool: The news about the NFA shaking up the forex industry by dramatically raising capital requirements has kicked off a lot of speculation.
- Anyone use very tight stop losses successfully?: I have seen in some threads here that some people use very tight stop losses, perhaps around 10 points or so (or less). Is anyone here producing good success rates with such tight stop losses?
- Emotions in training: According to the experts comments, during the training is necessary to be patient and know how to control emotions. What is good or bad when feeling emotions during the trading?
- Time for commodity currencies?: I think the time to long the AUDUSD and short the USDCAD is coming soon. Last week it was officially announced that the US is in a recession and if you think that commodities do go in a recessionairy environment, wouldnt you think commodity currencies would do good?
Editor's Pick
Chart of the Day - Chart of the Day − GBP/USD by FX Solutions
Fri, Jan 16 2009, 16:27 GMT
US: Inflation moderates further by Danske Bank A/S
Fri, Jan 16 2009, 16:16 GMT
Daily Currency Market Focus - BoA News Helps Currencies Rally Despite Weak Economic Data by GFT (Global Forex Trading)
Fri, Jan 16 2009, 14:37 GMT
The Energy Report - 350 Billion Reasons To Worry by Alaron
Fri, Jan 16 2009, 14:35 GMT
Live Sessions Schedule
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jan 19, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Selling Covered Options in the Forex
Expert: John Jagerson
Start: Tue, Jan 20, 17:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jan 16, 16:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| 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 |  |
| Tue, Jan 20, 13:30 GMT | Convergence & Divergence | Adam Rosen | WBN | |
New Contributors on FXstreet.com
Daily Currency Market Focus - BoA News Helps Currencies Rally Despite Weak Economic Data by GFT (Global Forex Trading)
Fri, Jan 16 2009, 14:37 GMT
Currency on the Day - EUR/USD by Forex−Trends.com
Fri, Jan 16 2009, 09:28 GMT
Market Opinion - Dollar bullish vs Swiss. by ForexAmericas
Fri, Jan 16 2009, 06:57 GMT
Market Insights - Oil Price New Low, On OPEC's Downward Revision by Oil N' Gold
Fri, Jan 16 2009, 05:38 GMT
FX Levels for Today - FX Levels for Today. January 16, 2009 by Top Trader Thinking
Fri, Jan 16 2009, 01:46 GMT
Top 5 Most Viewed Reports
Mid−Day Forex Technical Report − Dollar Regains Some Ground after Mixed Data by ActionForex.com
Fri, Jan 16 2009, 15:40 GMT
Daily Technical Strategist - EURUSD: Maintains Below The 1.3298 level by FXTechstrategy
Fri, Jan 16 2009, 13:05 GMT
Today's Technical Trading Points by Danske Bank A/S
Fri, Jan 16 2009, 07:57 GMT
Daily Recommended Trades - Daily Technical Outlook − Friday 01.16.2009 by E−Forex
Fri, Jan 16 2009, 07:37 GMT
Daily Technical Analysis - EUR: Buy at 1.3245/1.3200; stop below 1.3000 by Mizuho Corporate Bank
Fri, Jan 16 2009, 07:32 GMT
Press Releases
ODL Securities Sells US Business
ODL Securities, the leading independent FOREX, derivatives, equity, spread betting and commodity trading house has sold the US division of its profit making US Forex business to Forex Capital Markets LLC (FXCM). The move follows the current and planned implementation of new and more complex regulatory rules that have made it increasingly burdensome for all Forex Dealer Members to operate in the United States.