Thursday, Jan 15, 12:08 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
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
The Advisor Blog: Eur/Usd for today by Valeria Bednarik
Moving in a tight range the pair is still bearish in bigger charts, yet quite neutral in 4 hours charts. I can see a small ascendant trend line in this time frame, that could be our first support zone for today, and the point to watch to the downside, @ 1.3140, yet 1.3090, yesterday's minimum...
FX Market Readings: Expected market moves for ECB interest rate decision by Dr.S. Sivaraman
Sponsored by 
Live Sessions Schedule
US Session Open − Free Access Day
Expert: Ed Ponsi
Start: Thu, Jan 15, 14:30 GMT
Type of Session: Webinar
Moving Averages & Trending Markets − Free Access Day
Expert: Adam Rosen
Start: Thu, Jan 15, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jan 15, 12:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
| Thu, Jan 15, 13:00 GMT | US Pre−Market Open − Free Access Day | Ed Ponsi | WBN |  |
| Thu, Jan 15, 13:30 GMT | Selling Covered Options in the Forex − Free Access Day | John Jagerson | WBN | |
| Thu, Jan 15, 14:30 GMT | US Session Open − Free Access Day | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
Too Many Bets on Euro Weakness Today
Swiss e Trade AG − Ahead of the ECB's interest rate decision today, the pair continues to trade in very low volatility in a narrow sideways trading range. The expected 50 basis point interest rate cut is well discounted now by the market, and we see a massive buy stop zone above 1.3240. If hit, the market could well rally to the 1.3390 level. Only prices above that level are worth selling today.
.
Daily Analysis − The yen strengthened versus higher−yielding currencies by Finotec Group Inc.
The yen strengthened versus higher−yielding currencies after a slump in U.S. retail sales raised concern the global recession is deepening, boosting the appeal of the Japanese currency.
Gold Daily Technical Outlook by Oil N' Gold
Gold continues to dip lower today and at this point, intraday bias remains on the downside as long as 831.4 minor resistance holds.
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
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Jan 15 | 12:45 | ECB Interest Rate Decision | 2.0% | 2.5% |
ECB Preview: Easing policy further by Danske Bank A/S
We anticipate that the ECB will cut the leading policy rate by 50 bp at the meeting on 15 January. Anything less would be a disappointment and nothing more than postponing the inevitable. We project they will lower rates to 1.5% before the end of Q1 2009.
[ Full Story ]- TOPWRAP 4−Bank crisis deepens anew, ECB poised to cut rates (Thomson Financial News)
- FACTBOX−ECB POLICY STATEMENT−Key points from recent texts (Thomson Financial News)
Market Session Snap−Shot - Asian Session – ECB Rate Decision on the Docket by ACM − Advanced Currency Markets
Daily Analysis - The Euro Declines as the ECB meet today to decide on the rate cut by Finotec Group Inc.
Top Market Movers Review
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 15 | 10:00 | Consumer Price Index (YoY) | 1.6% | 1.6% | 2.1% |
| Jan 15 | 10:00 | Consumer Price Index (MoM) | -0.1% | -0.1% | -0.5% |
Eurozone CPI grows below 2% year on year in December (FXstreet.com)
Consumer prices have moderated in the Euro Area in September,, and the yearly growing pace has fallen to levels within the ECB's margin for price stability for the first time since August 2007, as the latest report by Eurostat shows.
[ Full Story ]- Read the CPI data at Eurostat
- INSTANT VIEW 4−Euro zone Dec inflation confirmed at 1.6 pct y/y (Thomson Financial News)
- INSTANT VIEW 3−Euro zone Dec inflation confirmed at 1.6 pct y/y (Thomson Financial News)
- INSTANT VIEW 2−Euro zone Dec inflation confirmed at 1.6 pct y/y (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 15 | 00:30 | AU | Employment Change (Dec) | -1.2K | -20.0K | -16.2K |
| 07:00 | DE | Consumer Price Index (MoM) (Dec) | 0.3% | 0.3% | -0.5% | |
| 07:00 | DE | Consumer Price Index (YoY) (Dec) | 1.1% | 1.1% | 1.4% | |
| 10:00 | EMU | Consumer Price Index − Core (YoY) (Dec) | 1.8% | 1.8% | 1.9% | |
| 10:00 | EMU | Consumer Price Index (MoM) (Dec) | -0.1% | -0.1% | -0.5% | |
| 10:00 | EMU | Consumer Price Index (YoY) (Dec) | 1.6% | 1.6% | 2.1% | |
| 12:45 | EMU | ECB Interest Rate Decision | 2.0% | 2.5% | ||
| 13:30 | US | Continuing Jobless Claims (Jan 3) | 4611K | |||
| 13:30 | EMU | ECB Trichet's Speech | ||||
| 13:30 | US | Initial Jobless Claims (Jan 10) | 467K | |||