Thursday, Jan 25, 11:51 GMT
U.S. Trading Newsletter
To Get Started
- Monthly Webinar - One Day Forex Education Webinar. Jan. 26 @ 16:00 GMT. More Info!
- 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
- Follow the FXEducator Chronicles by Ed Ponsi
Send us your feedback. Post your comments about the new newsletters' format in the Forum.
SUBSCRIBE TO NEXT WEBINAR
24 hour Outlook
Expert: John Putman
Start: Thu, Jan 25, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- GBP/USD, etc.
- EUR/USD
Current Session: Europe - U.S.
USD/JPY
Bank Recomendations - Deutsche Bank; Steven Wesiak, Abn Amro; Nicole Elliot, Mizuho Corporate Bank by Finotec Group Inc
Our caution this month has been vindicated with massive intra-day price swings and a sharp sell-off over the last two days. Trendline support is holding at the moment but probably not for much longer, with more sell-stops likely below 120.00 yen. The dollar is not oversold but open interest has set a new record high.
- 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:
Wakeup Call on Forex Markets - The JPY still in Focus by Saxo Bank
Daily Forex Commentary - JPY – Shooting up by Jyske Bank
Daily Technical Analysis - EUR: Relatively calm as crosses get hammered by Mizuho Corporate Bank
Majors at a Glance
- EUR/USD
- Drops back below 1.2975 after tested 1.3000
1/25/2007 9:39:03 AM - GBP/USD
- Moves up above 1.9675
1/25/2007 9:40:38 AM - USD/CHF
- Moves down below 1.2475
1/25/2007 9:41:34 AM - USD/JPY
- Trades around 120.50
1/25/2007 9:44:01 AM
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : CMS Forex, 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. Initial Jobless Claims
| Period | Previous | Consensus | Time |
| Week of Jan 20 | 290K | 315K | Jan 25, 13:30 GMT |
Friday Notes - Labor market stability persists by HVB Group
There is still no evidence of a major move out of the narrow range in which initial claims have been traversing over the past six months or so. Layoffs are steady consistent with moderate job growth.
[ Full Story ]U.S. Existing Home Sales
| Period | Previous | Consensus | Time |
| December (Sales) | 6.28M | 6.25M | Jan 25, 15:00 GMT |
| December (MoM) | 0.6% | -0.5% | Jan 25, 15:00 GMT |
Economic Release Alert - Japanese Inflation and US Existing Home Sales to Dominate by FXCM
The first round of housing sales data is expected to resume its slide for its December reading. According to economists' consensus, the National Association of Realtors' existing home sales indicator is predicted to print a 0.5 percent drop in purchases to a 6.25 million annual pace. These expectations are firmly based on the housing market's broader down trend.
[ Full Story ]Top Market Movers Review
Germany IFO
| Period | Previous | Consensus | Actual |
| January | 108.7p | 109.0p | 107.9p |
US Open Market Points - Euro Stymied By Softer IFO by FXCM
The IFO survey reading of business climate slipped a bit from last months record of 108.7 to 107.9 as companies in Germany expressed concern over the increase in the value added tax from 16% to 19%.
[ Full Story ]- Ifo Business Survey January 2007 - IFO Institute
- German IFO Business Climate decreases against expectations (FXstreet.com)
- German Jan Ifo business climate index falls unexpectedly to 107.9 (AFX News)