Tuesday, Jan 08, 12:17 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
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Jan 8, 15:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Jan 8, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jan 8, 15:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN |  |
| Tue, Jan 8, 16:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
| Tue, Jan 8, 17:00 GMT | Longer−term Support and Resistance Trading: Setups and Rules | Rob Booker | WBN | |
| Tue, Jan 8, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − Resistance for the Cable is today's top 1.9825 by iFOREX.bg
GBP/USD Open 1.9666 High 1.9824 Low 1.9656 Close 1.9751
Resistance for the Cable is today's top 1.9825, followed by 1.9900, which was limiting the climbing last week, and 1.9985. Next is the strong resistance 2.0015, which is 37.8% correction of the drop 2.0570 − 1.9675, as well as top from 28 September.
- Bank's Analysis Short−term Technical Analysis − Pictet Private Bank at Tony Juste's Blog
- 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 Trading Strategy − Recessive numbers but… by MVDForex
Daily Analysis − Dollar Still steady Against Major Currencies by Finotec Group Inc.
Daily technical research − Daily technical research by FX Instructor
Majors at a Glance
- EUR/USD
- Continues to trade around pivot level 1.4703
01/08/2008 12:03 GMT - GBP/USD
- Back around first resistant level 1.9753
01/08/2008 12:03 GMT - USD/CHF
- Continues to trade around opening price level 1.1167 , above pivot level 1.1140
01/08/2008 12:03 GMT - USD/JPY
- Trades below first resistant level 109.80
01/08/2008 12:04 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 PENDING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jan 8 | 15:00 | Pending Home Sales (MoM) | -0.5% | 0.6% |
Ahead of the Bell: Pending Home Sales (Thomson Financial News)
The November reading of an index that tracks pending U.S. home sales is forecast to inch downward Tuesday, another indication that the housing market's struggles aren't over yet.
[ Full Story ]- Forex − Dollar steady against euro, yen ahead of housing data, Bernanke speech (Thomson Financial News)
Top Market Movers Review
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 8 | 11:00 | Factory Orders s.a. (MoM) | 3.4% | -1.8% | 4.0% |
| Jan 8 | 11:00 | Factory Orders n.s.a. (YoY) | 13.6% | 7.7% | 14.1% |
DATA SNAP:German Nov Adj Mfg Orders +3.4%MM;Beats −1.9% Seen (Dow Jones)
German manufacturing orders rose a seasonally adjusted 3.4% in November, defying analysts expectations of a drop in orders after a 4.0% jump in October, official data showed Tuesday.
[ Full Story ]- Read the Factory Orders data at the BMWi [text in German]
- German Nov manufacturing orders up 3.4 pct vs Oct; consensus down 2.1 pct (Thomson Financial News)
- German factory orders boost in November (FXstreet.com)
- Germany Factory Orders s.a. increase 3.4% in Nov; 13.6% up on the year (FXstreet.com)
EMU economic indicators - ECB set to keep refi rate unchanged by BHF−Bank
EMU RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 8 | 10:00 | Retail Sales (YoY) | -1.4% | 0.5% | 0.4% |
| Jan 8 | 10:00 | Retail Sales (MoM) | -0.5% | 0.5% | -0.7% |
DATA SNAP: Euro−Zone Nov Retail Sales Post Record Drop (Dow Jones)
Euro−zone retail sales crashed in November, with the annual measure registering its biggest drop since records began in 1997, data from the European statistics agency Eurostat showed Tuesday.
[ Full Story ]- Read the Retail Sales data at Eurostat
- UPDATE: Euro−Zone Nov Retail Sales Post Record Drop (Dow Jones)
- Euro zone Nov retail sales down 0.5 pct vs Oct, down 1.4 yr−on−yr (Thomson Financial News)
- Euro Zone retail sales decrease sharper than expected in November (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 8 | 08:00 | UK | Halifax House Prices (MoM) (Dec) | 1.3% | -0.5% | -1.1% |
| 08:00 | UK | Halifax House Prices (YoY) (Dec) | 5.2% | 4.7% | 6.3% | |
| 10:00 | EMU | Retail Sales (MoM) (Nov) | -0.5% | 0.5% | -0.7% | |
| 10:00 | EMU | Retail Sales (YoY) (Nov) | -1.4% | 0.5% | 0.4% |
|
| 11:00 | DE | Factory Orders n.s.a. (YoY) (Nov) | 13.6% | 7.7% | 14.1% |
|
| 11:00 | DE | Factory Orders s.a. (MoM) (Nov) | 3.4% | -1.8% | 4.0% | |
| 15:00 | US | Pending Home Sales (MoM) (Nov) | -0.5% | 0.6% | ||
| 20:00 | US | Consumer Credit (Nov) | $8.5B | $3.7B | ||
| 22:00 | US | ABC Consumer Confidence (Jan 6) | -17 | |||
| Jan 9 | 00:01 | UK | Nationwide Consumer Confidence (Dec) | 86 | 86 | |