Monday, Jan 14, 12:31 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
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jan 14, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Jan 15, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| 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 |  |
| Mon, Jan 14, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Jan 14, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Steve Primo | WBN |  |
Current Session: Europe − U.S.
EUR/USD
EUR/USD Daily Technical Forex − Current level at 12:41 CET is 1.4906 by Stoploss.ch
Current level at 12:41 CET is 1.4906, trading well above the daily pivot point level of 1.4786, having surpassed second resistance at 1.4843 in early European trade. Both daily and hourly Bollinger and standard error bands are poised to the upside and a break of the previous high at 1.4966 would set focus on the 38.2 percent Fibonacci projection target at 1.5725, measured over the .8230− 1.3668 range.
- Webinars Video − Main technical theme in the currency market by Jamie Saettele, Technical Currency Analyst FXCM
- 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:
Forex Technical Report − GBP/USD Open 1.9563 High 1.9647 Low 1.9502 Close 1.9587 by iFOREX.bg
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Trades around 1.4900 , above third resistant level 1.4866
01/14/2008 12:20 GMT - GBP/USD
- Trades around first resistant level 1.9638
01/14/2008 12:22 GMT - USD/CHF
- Continues to move down below third suppprt level 1.0906
01/14/2008 12:22 GMT - USD/JPY
- Continues to move down toward third suppprt level 107.34
01/14/2008 12:23 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
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jan 15 | 09:30 | Consumer Price Index (MoM) | 0.5% | 0.3% |
| Jan 15 | 09:30 | Core Consumer Price Index (YoY) | 2.0% | 1.4% |
| Jan 15 | 09:30 | Consumer Price Index (YoY) | 2.0% | 2.1% |
Friday Notes - Fed – still a long way to go by HVB Group
In December, we expect CPI to have risen 0.5% m−o−m, leaving headline inflation stable at 2.1% on a y−o−y basis for the third consecutive month. While housing costs should have had a dampening effect on overall inflation, sustained food and transport prices kept cost pressures high. However, core inflation should have remained stable at 1.4% y−o−y.
[ Full Story ]Top Market Movers Review
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 14 | 10:00 | Industrial Production s.a. (MoM) | -0.5% | -0.8% | 0.5% |
| Jan 14 | 10:00 | Industrial Production w.d.a. (YoY) | 2.7% | 2.8% | 4.1% |
DATA SNAP: Euro−Zone Nov Indus Output −0.5% On Mo; +2.7% YY (Dow Jones)
Industrial production in the 13 countries that share the single currency fell on the month in November, reversing October's gain, as drops in output in the region's four largest economies pulled the measure down.
[ Full Story ]- Industrial production down by 0.5% in euro area at Eurostat
- UPDATE: Euro−Zone Nov Indus Output Dips; Decline Widespread (Dow Jones)
- Euro Zone's industrial production falls 0.5% in November, against expectations (FXstreet.com)
- Euro zone Nov industrial output down 0.5 pct vs Oct, up 2.7 yr−on−yr (Thomson Financial News)
Friday Notes - Fed – still a long way to go by HVB Group
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 14 | 09:30 | Producer Price Index − Input (YoY) n.s.a | 11.3% | 10.6% | 10.9% |
| Jan 14 | 09:30 | Producer Price Index − Input (MoM) s.a | 0.5% | 0.8% | 2.0% |
| Jan 14 | 09:30 | Producer Price Index − Output (MoM) n.s.a | 0.5% | 0.5% | 0.6% |
| Jan 14 | 09:30 | Producer Price Index − Output (YoY) n.s.a | 5.0% | 4.7% | 4.7% |
DATA SNAP: UK Dec Output PPI Grows At Fastest Pace In 16 Yrs (Dow Jones)
U.K. factory gates prices rose at their fastest annual pace in 16 years in the last month of 2007, as petrol and food prices soared, data from the Office for National Statistics released Monday showed.
[ Full Story ]- Producer prices December 2007 at National Statistics
- UPDATE: UK Dec Output PPI Rises At Fastest Pace In 16 Yrs (Dow Jones)
- UK pipeline inflationary pressures hit 16−year high in December (Thomson Financial News)
- UK Producer Prices rise above expectations in December (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 14 | 09:30 | UK | Producer Price Index − Input (MoM) s.a (Dec) | 0.5% | 0.8% | 2.0% |
| 09:30 | UK | Producer Price Index − Input (YoY) n.s.a (Dec) | 11.3% | 10.6% | 10.9% |
|
| 09:30 | UK | Producer Price Index − Output (MoM) n.s.a (Dec) | 0.5% | 0.5% | 0.6% |
|
| 09:30 | UK | Producer Price Index − Output (YoY) n.s.a (Dec) | 5.0% | 4.7% | 4.7% |
|
| 10:00 | EMU | Industrial Production s.a. (MoM) (Nov) | -0.5% | -0.8% | 0.5% |
|
| 10:00 | EMU | Industrial Production w.d.a. (YoY) (Nov) | 2.7% | 2.8% | 4.1% |
|
| 15:30 | CA | Bank of Canada Business Outlook Survey | ||||
| 21:00 | NZ | NZIER Business Confidence (4Q) | -27 | |||
| Jan 15 | 00:01 | UK | RICS House Price Balance | -45.2% | -40.6% | |
| 09:30 | UK | Consumer Price Index (MoM) (Dec) | 0.5% | 0.3% | ||