Thursday, Jan 22, 12:15 GMT
U.S. Trading Newsletter
To Get Started
- Webinar VIDEOS: Rule Based Short Term Trading In Forex by Sam Seiden
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Eur/Usd for today by Valeria Bednarik
The pair is still pushing to the downside, and attempting to break under the1.3000 level, addressing to next support zone @ 1.2950. Once clear, next supports will be at 1.2910, 1.2863 and then the zone @ 1.2825, yesterday's minimum. Resistances from actual price will be at 1.3036, 1.3068 and finally the zone @ 1.3115 a daily descendant trend line.
FX Market Readings: Is it pull back or change in trend? by Dr.S. Sivaraman
Sponsored by 
Live Sessions Schedule
MONTHLY WEBINAR: Trading Strategy Esentials − Part I
Expert: Phil Newton
Start: Thu, Jan 22, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jan 22, 14:00 GMT | MONTHLY WEBINAR: Trading Strategy Esentials − Part I | Phil Newton | WBN | |
| Thu, Jan 22, 16:00 GMT | MONTHLY WEBINAR: Trading with a Consistant Trading Plan and Strategy − Part II  | Phil Newton | WBN |  |
| Fri, Jan 23, 08:30 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Fri, Jan 23, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
Current Session: Europe − U.S.
(Swiss e Trade AG) − The dollar was extremely volatile against the aen before the BoJ released their monetary stance, falling by 300 pips to 87.20 yesterday, but recovered quickly as the BoJ left the interest rate unchanged. The market is currently trading around the 89.00 level, near resistance at 89.50, which we see being tested today.
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Trading News Report − USD/CAD: Trading the Canada Retail Sales Report by FXCM
Trading the given event risk may not be as clear cut as some of our other trades as market participants expect spending to falter, but nevertheless, a better than expected sales report would certainly set the stage for a long Canadian dollar trade.
FX Thoughts for the Day − Cable dropped to a 23−yr low during the US session yesterday by Kshitij Consultancy Service
Cable having dropped to a 23−yr low during the US session yesterday when it touched 1.3620 has seen some short covering during the day as it ranged between 1.3784−1.4028.
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
Canada RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jan 22 | 13:30 | Retail Sales (MoM) | -1.8% | -0.9% |
| Jan 22 | 13:30 | Retail Sales ex Autos (MoM) | -1.5% | -1.1% |
Trading News Report - USD/CAD: Trading the Canada Retail Sales Report by FXCM
Domestic demands in Canada are expected to weaken further as economists forecast retail spending in November to drop another 2.0% following the 0.9% contraction in the previous month. The BoC business survey for the fourth quarter showed that 57% of the firms polled anticipate private spending to weaken further this year.
[ Full Story ]Retail sales would have dropped 1.5% after sliding 0.9% in the previous month by ActionForex.com
Top Market Movers Review
UK CBI INDUSTRIAL TRENDS SURVEY − ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 22 | 11:00 | CBI Industrial Trends Survey − Orders (MoM) | -48 | -39 | -35 |
DATA SNAP: CBI: UK Indus Output Sinks To 28−Yr Low In Jan (Dow Jones)
U.K. industrial output sank to an 28−year low in January as demand deteriorated rapidly, the Confederation of British Industry said Thursday.According to the CBI's January industrial trend survey, the industrial output balance fell to −43 from −42 in December.
[ Full Story ]- CBI homepage
- UPDATE 1−UK factory orders suffer biggest drop since 1992 (Thomson Financial News)
- TABLE−UK CBI factory orders fall sharply in Jan (Thomson Financial News)
- UPDATE: CBI: UK Indus Output Sinks To 28−Yr Low In Jan (Dow Jones)
EMU INDUSTRIAL NEW ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 22 | 10:00 | Industrial New Orders (YoY) | -26.2% | - | -15.1% |
| Jan 22 | 10:00 | Industrial New Orders s.a. (MoM) | -4.5% | -5.0% | -5.7% |
DATA SNAP:Euro−Zone New Indus Orders Post Record Drop In Nov (Dow Jones)
Euro−zone new industrial orders posted their biggest drop on the year on record in November, further evidence that the single currency bloc's economy plunged deeper into recession in the final quarter of the year, official data showed Thursday.
[ Full Story ]- UPDATE: Euro−Zone New Indus Orders Post Record Drop In Nov (Dow Jones)
- UPDATE 1−Euro zone industry orders log record drop in Nov (Thomson Financial News)
- INSTANT VIEW 4−Euro zone orders plunge as recession deepens (Thomson Financial News)
EMU economic indicators - Industrial New Orders expected to have decreased by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 22 | 09:00 | EMU | ECB Monthly Report (Jan) | |||
| 10:00 | EMU | Industrial New Orders (YoY) (Nov) | -26.2% | -15.1% | ||
| 10:00 | EMU | Industrial New Orders s.a. (MoM) (Nov) | -4.5% | -5.0% | -5.7% |
|
| 10:00 | CH | ZEW Survey − Expectations (Jan) | -66.7 | -77.0 | -76.2 | |
| 11:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Jan) | -48 | -39 | -35 | |
| 12:00 | US | MBA Mortgage Applications (Jan 16) | -9.8% | 15.8% | ||
| 13:30 | US | Building Permits (MoM) (Dec) | 0.61M | 0.62M | ||
| 13:30 | US | Continuing Jobless Claims (Jan 22) | 4497K | |||
| 13:30 | US | Housing Starts (YoY) (Dec) | 0.615K | 0.630M | ||
| 13:30 | US | Initial Jobless Claims (Jan 17) | 545K | 524K | ||