Wednesday, Jan 14, 12:04 GMT
U.S. Trading Newsletter
To Get Started
- Webinar VIDEOS: The World of Forex Breakout Trading by James Chen
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Eur/Usd for the next hours by Valeria Bednarik
Eur/Usd also corrected during Asian session almost the 38.2% of the last days downleg, and at the moment remains also bearish, although indicators are moving to flat, with no clear strength signals either way.
FX Market Readings: Is the rise a recovery? by Dr.S. Sivaraman
Live Sessions Schedule
Profiting from Fear and Greed by trading against the crowd
Expert: David Rodríguez
Start: Wed, Jan 14, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Jan 14, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jan 14, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Jan 14, 14:00 GMT | Profiting from Fear and Greed by trading against the crowd | David Rodríguez | WBN | |
| Wed, Jan 14, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Jan 14, 15:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN | |
Current Session: Europe − U.S.
U.S Trade deficit hoorah is short lived as retail sales are set to disappoint
ACM − Advanced Currency Markets − Sterling fought back the sharp decline since the 9th of January that brought the pair from 1.5348 to 1.4471 yesterday – strong support at the 1.4470 level. On the downside, strong support can be found in the 1.4370 – 1.4390 area as this level was tested three times near the end of 2008 and beginning 2009 – mentioned yesterday as 1.4376 as Dec 31st low. Sentiment remains mixed to negative but renewed strength may open the way to 1.4678 and 1.4800 – with an eye on 1.5374 January 8th high.
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Daily Analysis − The yen climbed to a three−week high against the dollar by Finotec Group Inc.
The dollar declined against the euro on speculation reports this week will show U.S. retail sales and manufacturing weakened as a recession spread through the world's largest economy.
Forex Economic Analysis − USD/JPY: The pair has finalized its consolidation above 90.95 by www.deltastock.com
The pair has finalized its consolidation above 90.95 at 97.48 and the general downtrend has been renewed, targeting 79.86. Trading is situated below the 50− and 200−day SMA, currently projected at 107.61 and 105.76.
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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jan 14 | 13:30 | Retail Sales (MoM) | -1.2% | -1.8% |
| Jan 14 | 13:30 | Retail Sales ex Autos (MoM) | -1.4% | -1.6% |
Trading News Report - EUR/USD: Trading the US Advance Retail Sales Report by FXCM
Retail spending in the U.S. is expected to fall another 1.2% in December following the 1.8% contraction the previous month, and is likely to weigh on the greenback as the growth outlook for the world's largest economy remains bleak. The final GDP reading for the third quarter showed that personal consumption dropped the most in over two decades as private−spending slipped 3.8% from the previous quarter.
[ Full Story ]Daily Forex News - Forex − U.S Trade deficit hoorah is short lived as retail sales are set to disappoint by ACM − Advanced Currency Markets
Top Market Movers Review
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 14 | 10:00 | Industrial Production w.d.a. (YoY) | -7.7% | -5.8% | -5.3% |
| Jan 14 | 10:00 | Industrial Production s.a. (MoM) | -1.6% | -1.8% | -1.2% |
Euro zone output tumbles in Nov as recession bites (Thomson Financial News)
Euro zone industrial production plunged for the seventh month running in November, signalling a worsening recession and strengthening market views the European Central Bank will cut interest rates deeply on Thursday.
[ Full Story ]- Read the Industrial Production data at Eurostat
- UPDATE 1−Euro zone output drops by record, ECB seen cutting (Thomson Financial News)
- INSTANT VIEW 7−Euro zone industrial output tumbles in November (Thomson Financial News)
- INSTANT VIEW 6−Euro zone industrial output tumbles in November (Thomson Financial News)
Market Session Snap−Shot - Asian Session − Euro Zone Industrial Production Set to Disappoint by ACM − Advanced Currency Markets
Eurozone's industrial production is expected to have dropped −1.8% by ActionForex.com
EMU economic indicators - EMU industrial production (November): down by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 14 | 00:30 | AU | Investment Lending (Nov) | -6.1% | 0.7% | |
| 06:00 | JP | Machine Tool Orders (YoY) (Dec)  | -71.9% | -62.1% | ||
| 08:15 | DE | Real GDP Growth | 1.3 | |||
| 10:00 | EMU | Industrial Production s.a. (MoM) (Nov) | -1.6% | -1.8% | -1.2% | |
| 10:00 | EMU | Industrial Production w.d.a. (YoY) (Nov) | -7.7% | -5.8% | -5.3% | |
| 12:00 | US | MBA Mortgage Applications (Dec) | 15.8% | -8.2% | ||
| 13:30 | US | Import Price Index (MoM) (Dec) | -5.3% | -6.7% | ||
| 13:30 | US | Import Price Index (YoY) (Dec) | 4.4% | |||
| 13:30 | US | Philadelphia Fed's Plosser speech | ||||
| 13:30 | US | Retail Sales (MoM) (Dec) | -1.2% | -1.8% | ||