Tuesday, Jan 13, 11:57 GMT
U.S. Trading Newsletter
To Get Started
- Webinar VIDEOS: Trading Break Out's And Other Market Views by Phil Newton
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Eur/Usd intraday and longer term by Valeria Bednarik
Longer term perspective remains as last post made about it: remember my weekly Fibo? And that I told you that under the 38.2% (around 1.3740) the pair was still bearish?, well take a look at what happened today: the pair has rebounded in the 23.6 % zone, next Fibonacci level.
Trade Setups: Analysis update by Phil Newton
Live Sessions Schedule
US Session Open
Expert: Ed Ponsi
Start: Tue, Jan 13, 14:30 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Jan 13, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jan 13, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Jan 13, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Jan 13, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Jan 13, 16:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe − U.S.
The EUR/USD fell near to a one−month low from 1.3470
Varengold Wertpapierhandelsbank AG − The EUR/USD fell near to a one−month low from 1.3470 at its Mondays opening to 1.3289 at its low influenced by speculation that the ECB have to change her monetary policy which could be involved the highest interest rate cut in the history of the ECB on Thursday. As well the EUR/JPY fell close to a one−month low after Standard & Poor's said it may cut Spain's top AAA long−term sovereign rating. The currency pair lost yesterday 2.34 % at its low to 118.66.
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Daily Trading Forecast − The Week of Central Bankers by Swiss e Trade AG
Cable lost further ground in the early European hours, currently trading at 1.4670 near its support at 1.4620. We expect recovery moves to mount up in today's trading, but not breaking the resistance level at 1.4790. From there, further weakness will set in.
2009 Currency Market Outlook − Technical Outlook for Main Currency Crosses by GFT (Global Forex Trading)
The US economy and the dollar's fate in the years ahead could be determined by what happens in 2009. We are focusing on 3 big themes that will impact the US dollar and each of these themes encompasses a lot.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ 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 13 | 13:30 | Trade Balance | -$51.40B | -$57.19B |
US economic indicators - Trade deficit (November): shrinking significantly due to weak domestic demand and falling prices by BHF−Bank
We expect the nominal trade deficit to have narrowed from $57.2bn to $51.5bn in November, and the real trade deficit is also likely to have decreased. But net exports will nevertheless contribute negatively to GDP in Q4, for the first time since Q1/2007.
[ Full Story ]Top Market Movers Review
UK TOTAL TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 13 | 09:30 | Goods Trade Balance | -£8.3B | -£7.6B | -£7.6B |
| Jan 13 | 09:30 | Total Trade Balance | -4.5B | -3.7B | -3.9B |
DATA SNAP: UK Nov Trade Deficit Widens To Record GBP8.3B (Dow Jones)
The U.K. global goods trade deficit widened sharply to GBP8.3 billion in November − the largest deficit since records began in 1697 − as exports to non−E.U. countries slumped, data from the Office for National Statistics showed Tuesday.
[ Full Story ]- Read the Trade Balance data at UK Statistics
- 2nd UPDATE: UK Nov Trade Deficit Widens To Record GBP8.3B (Dow Jones)
- INSTANT VIEW 5−UK Nov trade gap widens to record 8.33 bln stg (Thomson Financial News)
- ADVISORY−Corrected ECON page entry for UK trade (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 13 | 00:01 | UK | BRC Retail Sales Monitor − All (YoY) (Dec) | -3.3% | -2.6% | |
| 00:01 | UK | RICS House Price Balance (Dec) | -73% | -74% | -76% | |
| 09:00 | EMU | ECB Trichet's Speech | ||||
| 09:30 | UK | Goods Trade Balance (Nov) | £-8.3B | -£7.6B | -£7.6B |
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| 09:30 | UK | Total Trade Balance (Nov) | -4.5B | -3.7B | -3.9B | |
| 09:36 | UK | DCLG House Price Index (YoY) (Nov) | -8.6% | -8.5% | -7.4% | |
| 13:00 | US | Fed's Bernanke Speech | ||||
| 13:30 | CA | International Merchandise Trade (Dec) | $3.20B | $3.78B | ||
| 13:30 | US | Trade Balance (Nov) | -$51.40B | -$57.19B | ||
| 19:00 | US | Fed's Kohn speech | ||||