Monday, Jan 05, 12:09 GMT
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Forex Blogs
The Advisor Blog: Eur/Usd for today by Valeria Bednarik
The Eur/Usd has fall pretty well since the beginning of European session, breaking daily minimum right now, and in 4 hours charts indicators are pointing for a continuation after opening under the 50% of the last daily up leg.
FX Market Readings: Today's sentiments for majors by Dr.S. Sivaraman
Forex Trading Today: 2009 Begins... but is the Euro still on Holiday? by Tim Salem
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jan 5, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jan 5, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jan 5, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Jan 5, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Jan 5, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Tue, Jan 6, 12:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: Europe − U.S.
USD/JPY
The YEN falls as risk appetite increases on U.S stimulus
(Finotec Group Inc.) − The yen falls against the euro on speculation U.S. fiscal stimulus and gains in global stocks will give investors confidence to buy higher−yielding assets. Japan's currency also slipped against the Australian and New Zealand dollars as U.S. President−elect Barack Obama crafted a package of infrastructure spending and tax cuts to create 3 million jobs.
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EUR/USD
EUR/USD Daily Outlook by AceTrader
As euro has recovered after intra−day selloff to 1.3660, suggesting minor consolidation abv this lvl is in store n although retrace. to 1.3740/50 cannot be ruled out
USD/JPY
Dynamic Carry Basket − A Rebound In Liquidity May Put Risk And Carry Trade Interests Back On Pace by GFXCM
The new year has begun; and the impending rebound in liquidity promises to redefine direction for risk sentiment and its dependable barometer – the carry trade. Now, the market is left to decide whether the rebound in activity will mean a revival of the sweeping deleveraging trend through October or a rebound in risk appetite
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 CONSTRUCTION SPENDING
| Date (GMT) | Event | Cons. | Previous | |
| Jan 5 | 15:00 | Construction Spending (MoM) | -1.3% | -1.2% |
US economic indicators - Construction spending: Expected to fall by 1.5% mom in November by BHF−Bank
Construction spending fell by 1.2% mom in October, as private commercial construction spending declined, thus adding to the ongoing plunge in residential spending. Given the very low levels of housing starts and the general recession, we expect construction spending to have fallen by 1.5% mom in November.
[ Full Story ]Daily Forex Technical Report − Aussie Firm as Stocks Rally by ActionForex.com
Top Market Movers Review
UK PMI CONSTRUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 5 | 09:30 | PMI Construction | 29.3 | - | 31.8 |
UK Dec construction shows record contraction−CIPS (Thomson Financial News)
Britain's construction sector shrank last month at its fastest pace since records began more than a decade ago as falling property prices and a shortage of credit took their toll, a survey showed on Monday.
[ Full Story ]Daily Forex Technical Report − Aussie Firm as Stocks Rally by ActionForex.com
Switzerland SVME − PURCHASING MANAGERS' INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 5 | 08:30 | SVME − Purchasing Managers' Index | 36.9 | - | 35.2 |
Swiss PMI points to recession despite December rise (Thomson Financial News)
Switzerland's manufacturing sector contracted for a fourth month running in December, the Swiss purchasing managers' (PMI) showed on Monday, though the speed of decline unexpectedly slowed.
[ Full Story ]- Read the PMI data at SVME [text in German]
- UPDATE 1−Swiss PMI points to recession despite December rise (Thomson Financial News)
- INSTANT VIEW 4−Swiss PMI posts surprise rise in December (Thomson Financial News)
- INSTANT VIEW 3−Swiss PMI posts surprise rise in December (Thomson Financial News)
Daily Forex Technical Report − Aussie Firm as Stocks Rally by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 5 | 05:00 | JP | Vehicle Sales (YoY) (Dec) | -16.7% | -18.2% | |
| 08:30 | CH | SVME − Purchasing Managers' Index (Dec) | 36.9 | 35.2 | ||
| 09:30 | UK | PMI Construction (Dec) | 29.3 | 31.8 | ||
| 09:30 | EMU | Sentix Investor Confidence (Jan) | -34.4 | -42.3 | ||
| 15:00 | US | Construction Spending (MoM) (Nov) | -1.3% | -1.2% | ||
| 23:30 | JP | Monetary Base (YoY) (Dec) | 1.9% | |||
| Jan 6 | 07:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Dec) | -14.7% | -13.9% | |
| 07:00 | UK | Nationwide Housing Prices s.a (MoM) (Dec) | -1.5% | -0.4% | ||
| 08:55 | DE | Purchasing Manager Index Services (Dec) | 46.4 | 45.1 | ||
| 09:00 | EMU | Purchasing Manager Index Services (Dec) | 42.0 | 42.5 | ||