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How to become a professional trader - The six biggest mistakes that traders make and tips and tricks how to avoid
Expert: Markus Heitkoetter
Start: Tue, Jan 9, 17:00 GMT
Sponsored by: http://mediaserver.fxstreet.com/images/provider/Rockwell Trading Inc/logo_36x13.gif
Type of Session: Webinar
Topics
- High-probability trading entries
- Trading strategies

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Current Session: Europe - U.S.

GBP/USD

Daily Forex Technical Report - Dollar and Yen Retreat by ActionForex.com

Cable's rebound from 1.9261 extends further to as high as 1.9454 today. Break of mentioned 1.9432 resistance with 4 hours MACD back to above signal line indicates a short term bottom is already formed at 1.9261, after getting support from the short term rising trend line.

[ Full Story ]

Other Topics for this Session:

Global FX Daily - European Edition - JPY weaker, EUR-USD steadier but latter still carries liquidation risk by Mellon Foreign Exchange

Daily Forex Commentary - Risk appetite – a bite missing by Jyske Bank

Forex Daily Analysis - No major economic data suggest range trading all over the board by ForexYard

Majors at a Glance

EUR/USD
Continues to trade around 1.3025
1/9/2007 10:59:34 AM
GBP/USD
Moves up around 1.9425
1/9/2007 11:02:38 AM
USD/CHF
Trades around 1.2375
1/9/2007 11:05:59 AM
USD/JPY
Continues to move up above 119.00
1/9/2007 11:09:04 AM

Analyst Sentiment Index (ASI)

Analysts Sentiment Index - EUR/USD


EUR

**Source : Danske Bank A/SFXstreet.comGlobal Forex Trading Ltd. KBC BankMizuho Corporate Bank

[ View ASI page ] [ View EUR/USD page ]

Charting the Market Movers

EUR USD, Hourly


EUR/USD

GBP USD, Hourly


GBP/USD

Top Market Movers Preview

Australia Westpac Consumer Confidence

PeriodPreviousTime
January11.8%Jan 9, 23:30 GMT

Weekly Commentary - Aust Jan Westpac-MI Consumer Sentiment by Westpac Institutional Bank

The consumer mood continues to fluctuate. The Westpac-MI Consumer Sentiment Index rebounded 11.8% in December to 106.2, to be 1% above October. Interest rate rises have added to debt servicing costs, however once again (wrongly in our view) there is a sense that rates have already peaked.

[ Full Story ]

Top Market Movers Review

Canada Housing Starts

PeriodPreviousConsensusActual
December224.9K220.0K211,5K

Housing starts decreased 7.8% in December by FXstreet.com

Starts of new houses in Canada have fallen by 7.8% in December, to a seasonally adjusted annual rate of 211,500 from 229,300 units in November, according to the monthly report by Canada Mortgage and Housing Corporation. The experts advanced an annual rate of 230,000 starts.

[ Full Story ]
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