Thursday, Jan 24, 12:06 GMT
U.S. Trading Newsletter
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- Webinars VIDEOS: Weekly Technical Briefing by Dan Blystone
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Live Sessions Schedule
MONTHLY WEBINAR: Creating and Using a Powerful Trading Plan − Part 1
Expert: Rob Booker
Start: Thu, Jan 24, 14:00 GMT
Type of Session: Webinar
Topics
− How to Use a Trading Plan Every Day, Week, and Month
− How to Share Your Plan with Others
| Sponsored by | ||||
| Thu, Jan 24, 14:00 GMT | MONTHLY WEBINAR: Creating and Using a Powerful Trading Plan − Part 1 | Rob Booker | WBN |  |
| Thu, Jan 24, 15:30 GMT | MONTHLY WEBINAR: Creating and Using a Powerful Trading Plan − Part 2  | Rob Booker | WBN | |
| Fri, Jan 25, 11:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN |  |
| Fri, Jan 25, 12:00 GMT | Candlestick Review | Adam Rosen | WBN | |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − GBP/USD 1.9595 − 24 January by iFOREX.bg
GBP/USD Open 1.9567 High 1.9645 Low 1.9465 Close 1.9573.
First resistance for the Cable today is 1.9675, which is 75.8% correction of the drop 1.9785 − 1.9335. If broken, next strong resistance is where the above drop started at 1.9785, followed by 1.9890. In downward direction support is yesterday's bottom 1.9465, followed by the strong support at 1.9370, where the 100 week crawling middle line crosses, which reacted on Tuesday and could not be broken.
- Webinars Video − Strategies for Long Term Profits in the Forex 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
Daily Analysis − The Yen Recovered versus Majors by Finotec Group Inc.
Daily Forex News − Fed's rate cut did little against fears of a Global recession by ACM − Advanced Currency Markets
Majors at a Glance
- EUR/USD
- Continues to trade around pivot level 1.4608
01/24/2008 10:02 GMT - GBP/USD
- Continues to trade below pivot level 1.9554
01/24/2008 10:02 GMT - USD/CHF
- Continues to trade below pivot level 1.0924
01/24/2008 10:02 GMT - USD/JPY
- Continues to trade around pivot level 106.35
01/24/2008 10:02 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 EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jan 24 | 15:00 | Existing Home Sales | 4.95M | 5.00M |
| Jan 24 | 15:00 | Existing Home Sales (MoM) | -1.0% | 0.4% |
Daily Forex Technical Report − Focus on German Ifo and US Existing Home Sales by ActionForex.com
From US, Existing home sales is expected to drop another −1.00% in Dec to 4.95m annualized rate in Dec which is the lowest reading since records began in 1999.
[ Full Story ]- Ahead of the Bell: Existing Home Sales (Thomson Financial News)
- OUTLOOK Highlights of US economic data to be released this week (Thomson Financial News)
Top Market Movers Review
UK BBA MORTGAGE APPROVALS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 24 | 09:30 | BBA Mortgage Approvals | 42.1K | - | 43.9K |
UK BBA: Dec Net Mortgage Lending GBP4.7 Bln Vs GBP4.6B In Nov (Dow Jones)
U.K. mortgage lending revived somewhat in December, but remained substantially below the average for the second half of the year, data published Thursday showed.
[ Full Story ]- Read the report: December figures for the main high street banks at BBA
- UK December mortgage approvals fall to record low − BBA UPDATE (Thomson Financial News)
- UK December mortgage approvals fall to record low − BBA (Thomson Financial News)
- UK BBA mortgage approvals weakened in December; Mortgage lending edges up (FXstreet.com)
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 24 | 09:00 | IFO − Business Climate | 103.4 | 102.3 | 103.0 |
German Ifo Business Conditions Index improves unexpectedly in January (FXstreet.com)
German business conditions seem to have improved slightly in Germany in January, against the market consensus of a decline, according to the latest report published by the Ifo Institute.
[ Full Story ]- Read the Business Climate data at Ifo
- European govt bonds sharply lower on improved German IFO, equities' turnaround (Thomson Financial News)
- UPDATE: German Business Climate Improves Slightly In January (Dow Jones)
- UPDATE: Ifo Nerb:Building,Indus Output Boost German Sentiment (Dow Jones)
Daily Forex Technical Report − Focus on German Ifo and US Existing Home Sales by ActionForex.com
EMU economic indicators - The January RBS PMI manufacturing index for the EMU is likely to have decreased by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 23 | 23:50 | JP | Adjusted Merchandise Trade Balance (Dec) | ¥640.0B | ¥663.3B | ¥830.0B |
| 23:50 | JP | All Industry Activity Index (MoM) (Nov) | -0.5% | -0.4% | 1.2% | |
| 23:50 | JP | Merchandise Trade Balance Total (Dec) | ¥877B | ¥943B | ¥791B |
|
| Jan 24 | 02:00 | NZ | Credit Card Spending | 7.6 | 9.5 | |
| 09:00 | DE | IFO − Business Climate (Jan) | 103.4 | 102.3 | 103.0 | |
| 09:30 | UK | BBA Mortgage Approvals | 42.1K | 43.9K |
||
| 13:30 | US | Continuing Jobless Claims (Jan 12) | 2751 | |||
| 13:30 | US | Initial Jobless Claims (Jan 19) | 320K | 301K | ||
| 15:00 | US | Existing Home Sales (Dec) | 4.95M | 5.00M | ||
| 15:00 | US | Existing Home Sales (MoM) (Dec) | -1.0% | 0.4% | ||