Wednesday, Jan 10, 11:48 GMT
U.S. Trading Newsletter
To Get Started
- FOREX FORUM: Post your comments and share your opinions with fellow traders
- Check out the rest of our newsletters and subscribe now!
- The Education Section: For all kind of traders
- Ed Ponsi's DVD: Trading Strategies For The Forex Market
SUBSCRIBE TO NEXT WEBINAR
What moves currencies? - Previewing IR decisions
Expert: Tony Juste
Start: Thu, Jan 11, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- What is the expected data?
- What could drive the markets?
Current Session: Europe - U.S.
EUR/USD
Daily Forex Commentary - EUR/USD - Awaiting by Jyske Bank
The dollar has once again rallied against the EUR overnight and is now flirting with the important support around 129.80. Our short trend model turned around yesterday and is now signalling sale of the
EUR/USD.
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Insight on the fundamentals in the Fundamentals section at FXstreet.com
- What's next on the agenda? Take a look at our Economic Events Calendar
- What's going on in the markets? Read our latest Forex news
Other Topics for this Session:
Global FX Daily - European Edition - USD retains support on positional arguments by Mellon Foreign Exchange
Forex Daily Analysis - US Trade Deficit Expected To Grow by ForexYard
Wakeup Call on Forex Markets - Watch the EURUSD and Tech stocks by Saxo Bank
Majors at a Glance
- EUR/USD
- Trades around 1.2975
1/10/2007 7:07:40 AM - GBP/USD
- Moves up above 1.9375
1/10/2007 7:11:00 AM - USD/CHF
- Moves down below 1.2425
1/10/2007 7:13:37 AM - USD/JPY
- Moves down below 119.25
1/10/2007 7:16:50 AM
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
U.S. Trade Balance
| Period | Previous | Consensus | Time |
| November | -$58.9B | -$60.0B | Jan 10, 13:30 GMT |
Economic Release Alert - Trade Accounts Meaure Forex Flows by FXCM
The US trade balance is expected to post a wider deficit in the month of November as the figure is anticipated to hit -$60.0 billion. Energy prices stabilized during the month following the steep drop in September and October, which signals a potential rebound in import values following a 2.7 percent drop during the month prior.
[ Full Story ]- Dollar steady near seven-week highs against euro ahead of US trade data (AFX News)
- Aust dlr slips; waits on trade data for direction (AAP)
- Tony Juste, FX Advisor at FXstreet.com:
"We expect the US trade deficit to continue to trend lower, but still remain at high readings. However, I find more and more difficult that the market will weigh the data that much on the market as we have been at extreme readings for many months and I think players are already accostumed to see negative balances in the US. In any case, I would find rather surprising a massive USD buying out of the figures. The opposite should not be ruled out." - FXstreet.com
Daily Market Briefing - US Dollar (USD) Rises Ahead of Trade Balance Report by FXCM
FX Weekly Outlook - Trade gaps and all that by Informa Global Markets
Forex Daily Analysis - US Trade Deficit Expected To Grow by ForexYard
Daily Forex Technical Report - Dollar Edges Higher Ahead of Trade Data by ActionForex.com
Top Market Movers Review
UK Trade Balance
| Period | Previous | Consensus | Actual |
| November | -6.3B | -6.3B | -7.2B |
UK Trade balance widens to 7.2 billion Pounds by FXstreet.com
British commercial deficit with the rest of the world grew unexpectedly in November to 7.2 billion Pounds from revised -6.6 billion in October, according to the latest report by National Statistics. This figure has surpassed the experts forecasts which were around a -6.5 billion deficit.
[ Full Story ]- Deficit narrowed to £4.7 bn in Nov - National Statistics
- UK Nov global trade in goods deficit 7.2 bln stg, biggest since Feb 2006 (AFX News)
- UK Dec shop prices rising at highest annual rate since March 2004 - BRC (AFX News)
- Kevin Hawkins, BRC Director General:
"(About BRC shop price index) Although there was evidence of discounting, especially within non-food, it was not as prolific as last year. Christmas, although not a bonanza, was by no means the disaster some were forecasting." - AFX News