Wednesday, Jan 02, 12:03 GMT
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jan 2, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 20th Edition
Expert: Wayne McDonell
Start: Fri, Jan 4, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jan 2, 13:00 GMT | US Session Open  | Ed Ponsi | WBN |  |
| Wed, Jan 2, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Jan 2, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Jan 3, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Technical Analysis − EUR: Rallying strongly from retracement support as we consolidate either side of 1.4650 by Mizuho Corporate Bank
Rallying strongly from retracement support as we consolidate either side of 1.4650. Expect more correction and consolidation this month as we get used to these extreme levels. Further out we continue to expect generalised and rather frightening US dollar weakness.
- Extreme OB/OS levels at this hour by Tony Juste
- Long−term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- New Webinars Video − Access now Educational Sessions Recordings
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Other Topics for this Session:
Daily Analysis − Asian Stock Decline; Yen Strengthen by Finotec Group Inc.
Wakeup Call on Forex Markets − Probable Nervous Start To 2008 by Saxo Bank
EUR/JPY Daily Technical Forex − EUR/JPY Daily Technical Forex by Stoploss.ch
Majors at a Glance
- EUR/USD
- Moves up above pivot level 1.4632
01/02/2008 10:53 GMT - GBP/USD
- Trades around opening price level 1.9861 , below pivot level 1.9913
01/02/2008 10:53 GMT - USD/CHF
- Moves down below pivot level 1.1318
01/02/2008 10:53 GMT - USD/JPY
- Moves down toward first support level 111.28
01/02/2008 10:53 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US ISM MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Jan 2 | 15:00 | ISM Manufacturing | 50.5 | 50.8 |
Daily Market Briefing - How Big of a Loser Was the US Dollar in 2007? by FXCM
Once everyone returns on Wednesday, the action will begin with manufacturing ISM and construction spending. On Thursday, we are expecting the leading indicators for non−farm payrolls and on Friday, we have non−farm payrolls and service sector ISM due for release.
[ Full Story ]Top Market Movers Review
UK PMI MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 2 | 09:30 | PMI Manufacturing | 52.9 | 53.9 | 54.3 |
DATA SNAP: UK December Mfg PMI 52.9 Vs 54.3 In Nov − Sources (Dow Jones)
The purchasing managers index for the U.K.'s manufacturing sector fell to 52.9 in December from 54.3 in November, market sources said Wednesday. The data indicate that activity in the sector continued to expand, but at a weaker pace than the previous month. Economists surveyed by Dow Jones Newswires last week had forecast the PMI would fall to 53.8.
[ Full Story ]- NTC Economics Homepage
- UK CIPS Dec manufacturing PMI eases to 52.9 from Nov's 54.3 − sources (Thomson Financial News)
- UK Manufacturing PMI decreases lower than expected (FXstreet.com)
- United Kingdom Dec PMI Manufacturing falls to 52.9 vs 54.4 in November (FXstreet.com)
EMU PMI MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 2 | 09:00 | PMI Manufacturing | 52.6 | 52.5 | 52.8 |
Euro Zone PMI Manufacturing falls in December (FXstreet.com)
The Purchasing Manager's Index for the manufacturing sector fell to the level of 52.6 points in December from the 52.8 points posted in November, according to the latest information by NTC Economics.
[ Full Story ]- NTC Economics Homepage
- Euro−Zone December Mfg PMI 52.6 Vs 52.8 In Nov − Sources (Dow Jones)
- EU PMI Manufacturing falls to 52.6 in Dec from 52.8 in November (FXstreet.com)
Germany PMI MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 2 | 08:55 | PMI Manufacturing | 53.6 | 53.3 | 53.7 |
German PMI, practically unchanged in December (FXstreet.com)
German manufacturing PMI has remained practically unchanged in December, instead of the slight decline forecasted by the market analysts, according to market sources.
[ Full Story ]- NTC Economics Homepage
- German December manufacturing PMI 53.6 points; consensus 53.2 − sources (Thomson Financial News)
- German December Mfg PMI 53.6 Vs Nov 53.7 − Sources (Dow Jones)
- Germany PMI Manufacturing edges down to 53.6 in Dec from 53.7 in Nov (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 1 | 22:30 | AU | Manufacturing PMI | 57.6 | 53.8 | |
| Jan 2 | 08:55 | DE | PMI Manufacturing (Dec) | 53.6 | 53.3 | 53.7 |
| 09:00 | EMU | PMI Manufacturing (Dec) | 52.6 | 52.5 | 52.8 | |
| 09:30 | UK | PMI Manufacturing (Dec) | 52.9 | 53.9 | 54.3 |
|
| 15:00 | US | Construction Spending (MoM) (Nov) | -0.4% | -0.8% | ||
| 15:00 | US | ISM Manufacturing (Dec) | 50.5 | 50.8 | ||
| Jan 3 | 08:30 | CH | SVME − Purchasing Managers' Index (Dec) | 61.5 | 63.4 | |
| 08:55 | DE | Unemployment Rate s.a. (Dec) | 8.5% | 8.6% | ||
| 09:00 | EMU | M3 (YoY) (Nov) | 12.2% | 12.3% | ||
| 09:30 | UK | PMI Construction (Dec) | 53.5 | 54.3 | ||