Friday, Jan 11, 12:36 GMT
U.S. Trading Newsletter
To Get Started
- Webinars VIDEOS: Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
- ECB decision: Live coverage at FXstreet.com
- Trendex: Instant Trading Tips from FX Pros right to your desktop
- A new year has started: Economic and Financial Outlook 2008
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Live Sessions Schedule
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Jan 14, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jan 14, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jan 11, 15:00 GMT | Live Trading  | Tony Juste | WBN |  |
| Mon, Jan 14, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Jan 14, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Jan 14, 14:00 GMT | FX Instructor Live Trading Room | Mihai Marinescu | WBN |  |
Current Session: Europe − U.S.
EUR/USD
Daily Analysis − Dollar weaker vs. euro after Bernanke`s hint for Fed rate cuts by Finotec Group Inc.
Bernanke`s words led the dollar down near a five−week low against the euro currency. At 07:30 GMT, the dollar was trading at 1.4800 euro after reaching a high level at 1.4817 early on Friday morning. The dollar/yen was quoted at 108.95, down from 109.72.
- 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 technical research − Euro bounced back by FX Instructor
EUR/JPY Daily Technical Forex − EUR/JPY Daily Technical Forex by Stoploss.ch
Majors at a Glance
- EUR/USD
- Trades above pivot level 1.4752
01/11/2008 11:47 GMT - GBP/USD
- Back above first support level 1.9549 after bounced at second support level 1.9482
01/11/2008 11:48 GMT - USD/CHF
- Back around opening price level 1.1032 , below pivot level 1.1070
01/11/2008 11:48 GMT - USD/JPY
- Continues to trade around first support level 108.93
01/11/2008 11:49 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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Jan 11 | 13:30 | Trade Balance | -$59.40B | -$57.82B |
US economic indicators - Trade deficit is likely to have widened noticeably in November because of petroleum by BHF−Bank
The trade deficit rose by $0.7bn to $57.8bn in October. This was more than expected and was mainly due to petroleum prices. As the graph shows, the trade deficit ex petroleum was actually lower than in September.
[ Full Story ]Top Market Movers Review
UK MANUFACTURING PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 11 | 09:30 | Manufacturing Production (MoM) | -0.1% | - | 0.3% |
DATA SNAP: UK Nov Mfg Output −0.1% MM; Indus Output −0.1% MM (Dow Jones)
U.K. manufacturing output weakened in November, as a sharp fall in electrical and optical goods nudged the measure lower, according to figures released by the Office of National Statistics Friday.
[ Full Story ]- Read the Index of production data at National Statistics
- UPDATE: UK Nov Mfg Output −0.1%; Indus Output −0.1% (Dow Jones)
- Forex − Weak UK data sends pound below 1.95 vs dollar; touches fresh low vs euro (Thomson Financial News)
- Forex − Pound sharply lower as markets look for Feb rate cut (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 11 | 09:30 | UK | Industrial Production (MoM) (Nov) | -0.1% | 0.1% | 0.5% |
| 09:30 | UK | Industrial Production (YoY) (Nov) | 0.4% | 0.5% | 1.0% | |
| 09:30 | UK | Manufacturing Production (MoM) | -0.1% | 0.3% | ||
| 11:00 | EMU | OECD Euro Zone Leading Indicator Index (Nov) | 98.1 | 98.3 |
||
| 12:00 | CA | Net Change in Employment (Dec) | -18.7 | 15.0K | 42.0K | |
| 12:00 | CA | Unemployment Rate (Dec) | 5.9% | 5.9% | 5.9% | |
| 13:30 | US | Import Price Index (MoM) (Dec) | 0.0% | 2.7% | ||
| 13:30 | US | Import Price Index (YoY) (Dec) | 10.2% | 11.4% | ||
| 13:30 | CA | International Merchandise Trade | $3.32B | |||
| 13:30 | US | Trade Balance (Nov) | -$59.40B | -$57.82B | ||