Friday, Jan 16, 12:00 GMT
U.S. Trading Newsletter
To Get Started
- Webinar VIDEOS: How to Survive and Prosper in 2009 Credit Crisis by John O'Donnell
- All the events of the day in our Economic Calendar
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Forex Blogs
Friday Follies With Dollar and Yen Strength... The Score? by Tim Salem (CVJ)
Well, we made through as rather tumultuous week…full of event risk, averse sentiment, and counter−intuitive Price behavior! Our "Dollar and Yen Strength Game" on Muscle Beach is still moving along, despite Euro & Company crowding the beach with events and the spotlight...
ForexHedge: Oil in EURO! by Ron Schelling
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Fri, Jan 16, 15:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Jan 16, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jan 16, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Jan 16, 14:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Jan 16, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Fri, Jan 16, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe − U.S.
Cable is rallying against the Dollar
Swiss e Trade AG − Cable developed a rare strength yesterday, and continued this tendency in European morning trading. Currently at 1.4920, the pair is about to meet some intraday resistance and therefore prune to some downward corrections, which would find support at 1.4850. From there, another upward swing is possible, leading to 1.5050.
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Trading News Report − The pair has finalized its consolidation above 90.95 at 97.48 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.
Daily FX Report − EUR/JPY, unimpressed of the rate cut, by Varengold Wertpapierhandelsbank AG
EUR/JPY, unimpressed of the rate cut, rose to 118.65 yesterday and climbed to 119.58 at early Tokyo trading on Friday.
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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jan 16 | 13:30 | Consumer Price Index (YoY) | -0.1% | 1.1% |
| Jan 16 | 13:30 | Consumer Price Index Ex Food & Energy (YoY) | 1.9% | 2.0% |
| Jan 16 | 13:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.1% | 0.0% |
| Jan 16 | 13:30 | Consumer Price Index (MoM) | -0.9% | -1.7% |
US economic indicators - Inflation data (December): another sharp decline because of cheaper oil and lower utilisation rates by BHF−Bank
We forecast that consumer prices, which fell by 1.0% and 1.7% mom respectively in October and November, will have declined by 1.1% mom in December, mainly due to the continued fall in gasoline prices, weak demand and lower resource utilisation. The annual rate would then turn slightly negative and could remain below zero for several months. This has not happened since 1955. The annual core CPI rate is also trending downwards and could fall from 2.0% to 1.9% in December.
[ Full Story ]December's CPI is expected to have dropped −0.9% mom by ActionForex.com
Top Market Movers Review
EMU TRADE BALANCE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 16 | 10:00 | Trade Balance n.s.a. | -€7.0B | -€4.8B | €0.5B |
| Jan 16 | 10:00 | Trade Balance s.a. | -€4.9B | - | -€1.3B |
Eurozone trade balance drops into deficit in November (FXstreet.com)
Euro Area's trade balance with the rest of the world has dipped into deficit in November, as exports fell practically twice as much as imports did, according to figures by Eurostat.
[ Full Story ]- Read the Trade Balance data at Eurostat
- Euro zone logs Nov trade deficit as exports plunge (Thomson Financial News)
- TABLE−Euro zone Nov trade deficit 7.0 bln euros (Thomson Financial News)
- EU Trade Balance deficit widens to €4.9B in Nov from €1.3B in Oct (FXstreet.com)
EMU economic indicators - EMU trade balance is likely to have deteriorated by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 16 | 08:00 | TR | TCMB Interest Rate Decision | 13% | 15% | |
| 08:15 | CH | Producer and Import Prices (MoM) (Dec) | -0.7% | -0.6% | -1.4% | |
| 08:15 | CH | Producer and Import Prices (YoY) (Dec) | 0.4% | 0.6% | 1.1% | |
| 08:30 | UK | MPC Member Gieve Speaks | ||||
| 10:00 | EMU | Trade Balance n.s.a. (Nov) | €-7.0B | -€4.8B | €0.5B |
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| 10:00 | EMU | Trade Balance s.a. (Nov) | €-4.9B | -€1.3B | ||
| 13:30 | US | Consumer Price Index (MoM) (Dec) | -0.9% | -1.7% | ||
| 13:30 | US | Consumer Price Index (YoY) (Dec) | -0.1% | 1.1% | ||
| 13:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Dec) | 0.1% | 0.0% | ||
| 13:30 | US | Consumer Price Index Ex Food & Energy (YoY) (Dec) | 1.9% | 2.0% | ||