Monday, Jan 21, 12:21 GMT
U.S. Trading Newsletter
To Get Started
- Webinars VIDEOS: Trading Series - Chapter II: Day Trading Basics by Markus Heitkoetter
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Live Sessions Schedule
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Jan 21, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jan 21, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jan 21, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Jan 21, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Jan 21, 14:00 GMT | FX Instructor Live Trading Room | Mihai Marinescu | WBN |  |
| Mon, Jan 21, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
EUR/USD
Forex Trading Strategies − EURUSD headed back toward 1.4590 support by Saxo Bank
EURUSD: EURUSD has a dominant weight in the US dollar index, and broke through key levels this morning − including the 3−week low (flatline support)around 1.4590 and firmly moving lower after crossing the 55−day moving average last week. Looking at the FIbonacci picture, the next key support if the pair holds lower is the 1.4350 area where the pair found support on the last sell−off. Below that, there's not much to speak of until the 1.4000 area.
- Webinars Video − Market Neutral Forex Options Strategies 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 Analysis − Dollar Strengthens over Growth Concerns in Europe by Finotec Group Inc.
Daily Forex News − Stock markets decline, US Dollar rises, US markets closed today by ACM − Advanced Currency Markets
Majors at a Glance
- EUR/USD
- Moves down below third support level 1.4494
01/21/2008 12:05 GMT - GBP/USD
- Trades around first support level 1.9468
01/21/2008 12:05 GMT - USD/CHF
- Continues to trade around first resistant level 1.1036
01/21/2008 12:06 GMT - USD/JPY
- Continues to move down below second support level 105.69
01/21/2008 12:06 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
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Jan 22 | 05:00 | BoJ Interest Rate Decision | 0.5% | 0.5% |
Weekly Review and Outlook − Euro Sentiments Reversed, Yen Sharply Higher; BOJ, BOC, RBNZ to Meet by ActionForex.com
Three major central banks are scheduled to meet this week. BoJ is expected to remain on hold at 0.50%.
[ Full Story ]- Bank of Japan to hold key rate steady as credit, economic uncertainties persist (Thomson Financial News)
- Japan Outlook: BOJ 2−Day Policy Mtg Starts; Dec Steel Output (Dow Jones)
Top Market Movers Review
UK M4 MONEY SUPPLY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 21 | 09:30 | M4 Sterling Lending | £17.3 | £14.5B | £15.7B |
| Jan 21 | 09:30 | M4 Money Supply (MoM) | 1.5% | 0.4% | 0.5% |
| Jan 21 | 09:30 | M4 Money Supply (YoY) | 12.3% | 11.0% | 11.7% |
UK Dec M4 money supply accelerates to annual 12.3 pct vs 11.7 pct in Nov − BoE (Thomson Financial News)
Money supply growth in the UK accelerated in December, confounding expectations for a slowdown, provisional figures from the Bank of England showed.
[ Full Story ]- Read the M4 Money data at BoE
- UK M4 money supply increases 12.3% year−on−year in December (FXstreet.com)
- United Kingdom M4 Money Supply 1.5% in Dec; 12.3% up on the year (FXstreet.com)
UK PUBLIC SECTOR NET BORROWING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 21 | 09:30 | Public Sector Net Borrowing | £7.8B | £7.1B | £11.2B |
DATA SNAP: UK PSNB Again Beats Expectation At GBP7.8B In Dec (Dow Jones)
The public sector again borrowed more than expected in December, leaving the government struggling to meet its 2007/08 fiscal targets.
[ Full Story ]- Read the Public sector finances data at National Statistics
- UPDATE: UK PSNB Again Exceeds Forecasts At GBP7.8B In Dec (Dow Jones)
- United Kingdom Dec Public Sector Net Borrowing increases £7.8B from £7.8B one year ago (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 21 | 08:15 | CH | Producer and Import Prices (YoY) (Dec) | 3.0% | 3.2% | 3.0% |
| 09:30 | UK | BSA Mortgage approvals s.a (Dec) | 4.1B | 4.5B | ||
| 09:30 | UK | M4 Money Supply (MoM) (Dec)  | 1.5% | 0.4% | 0.5% | |
| 09:30 | UK | M4 Money Supply (YoY) (Dec) | 12.3% | 11.0% | 11.7% | |
| 09:30 | UK | M4 Sterling Lending (Dec) | £17.3 | £14.5B | £15.7B | |
| 09:30 | UK | Public Sector Net Borrowing (Dec) | £7.8B | £7.1B | £11.2B | |
| 13:30 | CA | Wholesale Sales (MoM) (Nov) | 0.5% | 0.5% | ||
| Jan 22 | 05:00 | JP | BoJ Interest Rate Decision | 0.5% | 0.5% | |
| 06:00 | JP | Machine Tool Orders (YoY) (Dec) | 13 | |||
| 06:30 | JP | BoJ's Governor Fukui Speaks | ||||