Thursday, Jan 10, 12:34 GMT
U.S. Trading Newsletter
To Get Started
- Right now: Live coverage of the ECB Meeting in our homepage
- Trendex: Instant Trading Tips from FX Pros right to your desktop
- A new year has started: Economic and Financial Outlook 2008
- New Webinar Video - Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
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Live Sessions Schedule
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Jan 10, 16:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Jan 10, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jan 10, 14:30 GMT | Weekly Technical Briefing  | Dan Blystone | WBN |  |
| Thu, Jan 10, 16:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
| Thu, Jan 10, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Jan 11, 11:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN |  |
Current Session: Europe − U.S.
EUR/CHF
Tony Juste's Blog − EUR/CHF breaks 1.6330 amid a USD sell−off by FXstreet.com
Now that level is gone, with a broad USD sell−off backing it, and if confirmed, it can turn quite negative for the 'carry cows'. However, bear in mind that the USD/CHF has spent the last 3 candles in extreme OS territory (now it is even trading out of bounds − extreme OS level 1.1109), and a backfiring should be expected.
- 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 − Decisions have to be made by MVDForex
Daily Technical Strategist − EURUSD: Maintains Its Nearer Term Corrective Pullback by FXTechstrategy
Majors at a Glance
- EUR/USD
- Continues to trade around pivot level 1.4680
01/10/2008 11:57 GMT - GBP/USD
- Back around opening price level 1.9582 , below pivot level 1.9633
01/10/2008 11:57 GMT - USD/CHF
- Moves down below first support level 1.1123
01/10/2008 11:58 GMT - USD/JPY
- Continues to trade above pivot level 109.64
01/10/2008 11:58 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
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Jan 10 | 12:45 | ECB Interest Rate Decision | 4% | 4% |
Central Banks: ECB and BoE - Preview of Jan 10 meeting by FXstreet.com
In the last months the Euro Zone economy has been quite stable. The European countries have been less affected for the sub−prime crisis than what many analysts thought at the beginning.
- Special Webinar: What Moves Currencies? − Preview of the CB rate decisions with Tony Juste
- BoE and ECB's interest rate decisions ahead (FXstreet.com)
- UPDATE: Britain's, Euro−zone's Central Banks Seen On Opposite Tacks (Dow Jones)
ECB: Preview of meeting on 10 January by Danske Bank A/S
EMU economic indicators - ECB set to keep refi rate unchanged by BHF−Bank
Top Market Movers Review
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 10 | 12:00 | BoE Interest Rate Decision | 5.5% | 5.5% | 5.5% |
The Bank of England keeps rates on hold at 5.5% (FXstreet.com)
The Monetary Policy Committee of the Bank of England has decided after their monthly meeting, to maintain its key interest rate at the current 5.5%.
[ Full Story ]- Read the Monetary Policy Statement at BoE
- Forex − Pound strengthens after BoE leaves interest rates on hold (Thomson Financial News)
- UPDATE: Bank Of England Leaves Interest Rates Unchanged At 5.5% (Dow Jones)
- BoE leaves base rate unchanged at 5.50 pct (Thomson Financial News)
Central Banks: ECB and BoE - Preview of Jan 10 meeting by FXstreet.com
Forex Weekly Review and Outlook − Sterling Sold off ahead of BoE, Yen Soars on Risk Aversion by ActionForex.com
Flash Comment - UK: BoE to cut base rate next week by Danske Bank A/S
UK TOTAL TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 10 | 09:30 | Total Trade Balance | -4.4B | 4.3B | -4.3B |
UK trade in goods deficit remains stable in Nov at 7.4 bln stg (Thomson Financial News)
The UK trade in goods deficit remained stable in November, with a rise in exports offsetting an all time record level of oil imports, official figures showed today.
[ Full Story ]- Read the UK trade data at National Statistics
- UPDATE: UK Nov Trade Deficit Stays Flat At GBP7.4B (Dow Jones)
- DATAWATCH UK trade deficit set to improve but won't stave off slowing GDP growth (Thomson Financial News)
- DATA SNAP: UK Nov Trade Deficit Stays Flat At GBP7.4B (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 9 | 23:50 | JP | Official Reserve Assets (Dec) | 973.365B | 970.200B | |
| Jan 10 | 00:30 | AU | Trade Balance (Nov) | -2254M | -2500M | -2983M |
| 05:00 | JP | Leading Economic Index (Nov)  | 10.0 | 10.0 | 18.2 | |
| 09:30 | UK | Total Trade Balance (Nov) | -4.4B | 4.3B | -4.3B |
|
| 12:00 | UK | BoE Interest Rate Decision | 5.5% | 5.5% | 5.5% | |
| 12:45 | EMU | ECB Interest Rate Decision | 4% | 4% | ||
| 13:30 | CA | Building Permits (MoM) (Nov) | -2.0% | 6.8% | ||
| 13:30 | US | Continuing Jobless Claims (Dec 29) | 2730K | 2761K | ||
| 13:30 | EMU | ECB's Trichet Speaks | ||||
| 13:30 | US | Initial Jobless Claims (Jan 5) | 340K | 336K | ||