Wednesday, Jan 16, 12:24 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
Level of Sentiment in the FX Market
Expert: Antonio Sousa
Start: Wed, Jan 16, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Tracking the forex market together / Part II: Review
Expert: Dr.S.Sivaraman
Start: Wed, Jan 16, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jan 16, 14:00 GMT | Level of Sentiment in the FX Market | Antonio Sousa | WBN | |
| Wed, Jan 16, 15:00 GMT | Tracking the forex market together / Part II: Review | Dr.S.Sivaraman | WBN |  |
| Wed, Jan 16, 16:00 GMT | MACD Basics | Adam Rosen | WBN | |
| Wed, Jan 16, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − GBP/USD 1.9604 − 16 January by iFOREX.bg
GBP/USD Open 1.9574 High 1.9742 Low 1.9524 Close 1.9638
The technical picture for the Cable has not changed much. First resistance is 1.9655, followed by the broken bottom from 24 December and good current resistance at 1.9740, and further up 1.9855, which is 61.8% correction of the drop 2.0095 − 1.9485.
- Webinars Video − Using FX Options to Control Risk and Make Profits by by John Jagerson, Founder Profiting With Forex
- 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 Strategist − EURUSD: Reinforces Strength Towards Its 2007 Peak by FXTechstrategy
Daily Market Commentary − The dollar buckled early on Tuesday under the load of soft US economic data by Global Forex Trading
Majors at a Glance
- EUR/USD
- Continues to move down toward first support level 1.4760
01/16/2008 11:59 GMT - GBP/USD
- Continues to move down toward first support level 1.9520
01/16/2008 11:59 GMT - USD/CHF
- Continues to move up above pivot level 1.0908
01/16/2008 11:59 GMT - USD/JPY
- Continues to trade around first support level 106.13
01/16/2008 12:00 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jan 16 | 13:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.2% | 0.3% |
| Jan 16 | 13:30 | Consumer Price Index (YoY) | 4.1% | 4.3% |
| Jan 16 | 13:30 | Consumer Price Index (MoM) | 0.2% | 0.8% |
Friday Notes - Fed – still a long way to go by HVB Group
Over the past few months, escalating food and energy prices have pushed up CPI inflation to the highest yearover−year rate since mid−2006. The core rate has been steadier at about 2.5% per annum.
[ Full Story ]Top Market Movers Review
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 16 | 10:00 | Consumer Price Index (YoY) | 3.1% | 3.1% | 3.1% |
| Jan 16 | 10:00 | Consumer Price Index − Core (YoY) | 1.9% | 1.9% | 1.9% |
| Jan 16 | 10:00 | Consumer Price Index (MoM) | 0.4% | 0.4% | 0.5% |
DATA SNAP: Euro−Zone Dec Inflation Matches Record High (Dow Jones)
Consumer prices in the 13 countries that then shared the euro again rose at the fastest pace on record in the 12 months to December 2007, ensuring that a rate hike must remain an option for the European Central Bank at a time when the economy is slowing.
[ Full Story ]- Euro area annual inflation stable at 3.1% at Eurostat
- Euro zone Dec HICP up 3.1 pct year−on−year, unchanged vs provisional (Thomson Financial News)
- Euro Zone's annual inflation remains steady at 3.1% in December (FXstreet.com)
- EU Consumer Price Index − Core rises 0.5% on the month; 1.9% up year on year in Dec (FXstreet.com)
UK ILO UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 16 | 09:30 | Claimant Count Rate | 2.5% | 2.5% | 2.5% |
| Jan 16 | 09:30 | Jobless Claims Change | -6.4 | -5.0 | -11.1K |
| Jan 16 | 09:30 | ILO Unemployment Rate | 5.3% | 5.3% | 5.3% |
| Jan 16 | 09:30 | Average Earnings including Bonus (3Mo/Yr) | 4.0% | 3.9% | 4.0% |
| Jan 16 | 09:30 | Average Earnings excluding Bonus (3Mo/Yr) | 3.6% | 3.6% | 3.6% |
Employment increases while unemployment eases in the UK in the three months to November (FXstreet.com)
United Kingdom's employment figures have shown improvement in the three months to November with both vacancies and volume of employed workers improving, while the number of unemployed people drops down, according to figures by National Statistics.
[ Full Story ]- Labour market statistics − Jan 2008 at National Statistics
- UPDATE: UK Jobless Rate At 32−Yr Low Of 2.5% In Dec (Dow Jones)
- DATA SNAP: UK Jobless Rate At 32−Yr Low Of 2.5% In Dec (Dow Jones)
- UK Dec claimant count 807,700, lowest since 1975 (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 16 | 09:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Nov) | 3.6% | 3.6% | 3.6% |
| 09:30 | UK | Claimant Count Rate (Dec) | 2.5% | 2.5% | 2.5% | |
| 10:00 | EMU | Consumer Price Index − Core (YoY) (Dec) | 1.9% | 1.9% | 1.9% | |
| 10:00 | EMU | Consumer Price Index (MoM) (Dec) | 0.4% | 0.4% | 0.5% | |
| 10:00 | EMU | Consumer Price Index (YoY) (Dec) | 3.1% | 3.1% | 3.1% | |
| 12:00 | US | MBA Mortgage Applications | 28.4% | 32.2% | ||
| 13:30 | US | Consumer Price Index (MoM) (Dec) | 0.2% | 0.8% | ||
| 13:30 | US | Consumer Price Index (YoY) (Dec) | 4.1% | 4.3% | ||
| 13:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Dec) | 0.2% | 0.3% | ||
| 14:00 | US | Net Long−term TIC Flows (Nov) | $114B | |||