Thursday, Jan 08, 08:58 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Doing Dealer Due Diligence by John Jagerson
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: The Aussie Waves Quieting Down on my Surfing Trip by Tim Salem
We had some generous and full activity yesterday with Data Point Releases... intraday breakouts... and Crude and Gold "steering" some Currency Units as well! It is always a pleasure to have returning Volume and Institutional activity returning to the Arena, isn't it!
The Disciplined Trader: More evidence that group psychology moves the market... Not economic factors! by Pierre Charlebois
FXbootcamp: Pre London Outlook For January 8th 2009 by David R Pegler
Live Sessions Schedule
The World of Forex Breakout Trading
Expert: James Chen
Start: Thu, Jan 8, 14:00 GMT
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Jan 8, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jan 8, 11:00 GMT | Tracking the forex market together / Part I  | Dr.S.Sivaraman | WBN |  |
| Thu, Jan 8, 12:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Thu, Jan 8, 14:00 GMT | The World of Forex Breakout Trading | James Chen | WBN | |
| Thu, Jan 8, 15:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
Current Session: Europe
USD/JPY
USD/JPY: Retreating from a recent high at 94.65
(Mizuho Corporate Bank) − Retreating from a recent high at 94.65, ahead of the Ichimoku ‘cloud', after a modified version of an A, B, C−type corrective bounce. Prices will now hopefully hold below 50% Fibonacci resistance at 93.80, so that momentum should slowly turn bearish. Note that the USD is almost overbought and open interest is one third of last year's peak.
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GBP/USD
Currency Majors Technical Analysis − GBP USD is in an uptrend supported by 1H exponential moving averages by Mataf.net
1,5070. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility decreases.
EUR/USD
Trading News Report − EUR/USD: Trading the German Retail Sales by FXCM
The euro could strengthen against its currency counterparts throughout the following session as economists expect retail spending in Germany to increase 0.5% in November on the back of falling oil prices.
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
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Jan 8 | 10:00 | Consumer Confidence | -26 | -25 |
| Jan 8 | 10:00 | Economic Confidence | 72.0 | 74.9 |
| Jan 8 | 10:00 | Industrial Confidence | -30 | -25 |
EMU economic indicators - EMU industrial confidence and economic sentiment (December): down by BHF−Bank
French consumer confidence will probably suffer a setback in December, after it had improved unexpectedly in November. EMU economic sentiment and EMU industrial confidence are also likely to have declined in December. We are not expecting EWU Q3 GDP to be revised significantly.
[ Full Story ]Top Market Movers Review
Switzerland CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 8 | 08:15 | Consumer Price Index (MoM) | -0.5% | -0.4% | -0.7% |
| Jan 8 | 08:15 | Consumer Price Index (YoY) | 0.7% | 0.9% | 1.5% |
Swiss CPI declines sharply in December (FXstreet.com)
Consumer prices have eased in December in Switzerland to the lowest year on year growing rates seen in the whole 2008, according to figures released by the Swiss Federal Statistics Office.
[ Full Story ]- INSTANT VIEW 1−Swiss inflation drops by more than expected (Thomson Financial News)
- TABLE−Swiss CPI rises 0.7 pct yr/yr in December (Thomson Financial News)
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 8 | 07:00 | Trade Balance | 10.7B | - | 16.4B |
DATA SNAP: German Adj Exports −10.6% On Month In November (Dow Jones)
German exports collapsed in November, falling by an adjusted 10.6% from the previous month, the largest monthly fall since 1990, data from the Federal Statistics Office showed Thursday.
[ Full Story ]- Read the Trade Balance data at German Statistics
- INSTANT VIEW 4−German trade surplus narrows on export plunge (Thomson Financial News)
- INSTANT VIEW 3−German trade surplus narrows on export plunge (Thomson Financial News)
- INSTANT VIEW 2−German trade surplus narrows on export plunge (Thomson Financial News)
EMU economic indicators - Trade balance: Unchanged by BHF−Bank
Australia TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 8 | 00:30 | Trade Balance | 1.448B | - | 2.952B |
DATA SNAP: Australia Nov Trade Surplus A$1.45B (Dow Jones)
Australia's seasonally adjusted balance on trade in goods and services narrowed to a surplus of A$1.45 billion in November from a surplus of A$2.96 billion in October, the Australian Bureau of Statistics said Thursday. The figure is lower than analysts' expectations of a surplus of A$2.1 billion. Australia recorded a deficit of A$2.25 billion in the year−earlier period.
[ Full Story ]- Read the Trade data at Australian Bureau of Statistics
- Australia November trade surplus A$1.45 bln (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 8 | 06:45 | CH | Unemployment Rate (Dec) | 3.0% | 2.9% | 2.7% |
| 07:00 | DE | Trade Balance (Nov) | 10.7B | 16.4B | ||
| 08:15 | CH | Consumer Price Index (MoM) (Dec) | -0.5% | -0.4% | -0.7% | |
| 08:15 | CH | Consumer Price Index (YoY) (Dec) | 0.7% | 0.9% | 1.5% | |
| 10:00 | EMU | Consumer Confidence (Dec) | -26 | -25 | ||
| 10:00 | EMU | Economic Confidence (Dec) | 72.0 | 74.9 | ||
| 10:00 | EMU | Gross Domestic Product s.a. (QoQ) (3Q) | -0.2% | -0.2% | ||
| 10:00 | EMU | Gross Domestic Product s.a. (YoY) (3Q) | 0.6% | 0.6% | ||
| 10:00 | EMU | Industrial Confidence (Dec) | -30 | -25 | ||
| 10:00 | EMU | Unemployment Rate (Nov) | 7.8% | 7.7% | ||