Monday, Jan 07, 11:57 GMT
U.S. Trading Newsletter
To Get Started
- Improve your trading with our Trading Tools
- Trendex: Instant Trading Tips from FX Pros right to your desktop
- Access recorded webinars FOR FREE!
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jan 7, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Day Trading Techniques
Expert: Chris Capre
Start: Mon, Jan 7, 17:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jan 7, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Jan 7, 14:00 GMT | FX Instructor Live Trading Room  | Nader Moustafa | WBN |  |
| Mon, Jan 7, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Jan 7, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Steve Primo | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − GBP/USD 1.9735 − 7 January by iFOREX.bg
GBP/USD Open 1.9735 High 1.9809 Low 1.9656 Close 1.9710
The short term consolidation for the Cable continues in the narrow range 1.9655 − 1.9960. Break of the first level, which is the first support for today, will lead the Pound to 1.9595 next, and 1.9540.
- GBP/CHF bounces off strongly from daily extreme OS level 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 − The Dollar Recovers by Finotec Group Inc.
USD/JPY Daily Technical Forex − USD/JPY Daily Technical Forex by Jyske Bank
Weekly Forex Market Commentary − The carry trades didn't do well last week, with the yen surging by Global Forex Trading
Majors at a Glance
- EUR/USD
- Continues to move down below first support level 1.4682
01/07/2008 10:08 GMT - GBP/USD
- Continues to move down below first support level 1.9659
01/07/2008 10:08 GMT - USD/CHF
- Continues to move up toward first resistant level 1.1158
01/07/2008 10:08 GMT - USD/JPY
- Continues to move up toward first resistant level 109.50
01/07/2008 10:08 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 TREASURY SECRETARY PAULSON SPEAKS
| Date (GMT) | Event | Cons. | Previous | |
| Jan 7 | 19:00 | Treasury Secretary Paulson speaks | - | - |
Daily Forex Commentary - Fed speakers take the stage by Jyske Bank
Today market participants will be focusing on the speeches made by several Fed−members, including Lockhart who is giving a speech on the US economic outlook.
[ Full Story ]Top Market Movers Review
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 7 | 10:00 | Producer Price Index (YoY) | 4.1% | 4.0% | 3.3% |
| Jan 7 | 10:00 | Producer Price Index (MoM) | 0.8% | 0.8% | 0.7% |
DATA SNAP: High Energy Costs Push Euro−Zone Nov PPI Higher (Dow Jones)
Prices of goods leaving the euro zone's factory gates rose at their fastest rate in over six months in November, pushed higher by a surge in energy prices.
[ Full Story ]- Read the report: Industrial producer prices up by 0.8% in euro area at Eurostat
- Euro zone Nov PPI up 0.8 pct vs Oct, up 4.1 year−on−year (Thomson Financial News)
- Euro Zone Producer Prices rose more than expected in December (FXstreet.com)
- EU Producer Price Index increases 0.8% in Nov; 4.1% on the year (FXstreet.com)
EMU CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 7 | 10:00 | Consumer Confidence | -9 | -8 | -8 |
DATA SNAP: Euro−Zone Confidence Weakened As 2007 Ended (Dow Jones)
Businesses and consumers in the 13 countries that then shared the euro became less confident about their prospects as 2007 drew to a close.
[ Full Story ]- European Comission homepage
- European govt bonds lower as euro zone economic sentiment holds up (Thomson Financial News)
- Consumer confidence deteriorated slightly in December (FXstreet.com)
- Euro zone Dec economic sentiment indicator flat at 104.7, beats forecasts (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 7 | 06:45 | CH | Unemployment Rate (Dec) | 2.8% | 2.8% | 2.7% |
| 06:45 | CH | Unemployment Rate s.a. (Dec) | 2.6% | 2.6% | 2.6% | |
| 10:00 | EMU | Consumer Confidence (Dec) | -9 | -8 | -8 | |
| 10:00 | EMU | Producer Price Index (MoM) (Nov) | 0.8% | 0.8% | 0.7% |
|
| 10:00 | EMU | Producer Price Index (YoY) (Nov) | 4.1% | 4.0% | 3.3% | |
| 10:00 | EMU | Unemployment Rate (Nov) | 7.2% | 7.2% | 7.2% | |
| 12:00 | EMU | ECB's Trichet Speaks | ||||
| 19:00 | US | Treasury Secretary Paulson speaks | ||||
| Jan 8 | 00:30 | AU | Building Permits (MoM) (Nov) | 0.0% | -2.8% | |
| 00:30 | AU | Building Permits (YoY) (Nov) | -5.9% | |||