Forex Trading News German Final CPI Released In Line With Forecast

The German Final CPI came out as expected at 0.3% from the previous 0.3%.

This data did not move the EUR.

 **Note:  The ECB is expected to cut interest rates for the fourth month in a row at 7:45 AM today as Germany is braced for the worst year for its economy since World War II.  

Forex Trading News Japan’s Former MoF Sakakibara on the Wires

Japan Former MoF Sakakibara: Reiterates that USD could fall under ¥80 in H1 2009, could cause Japan to intervene

Forex Trading News Trouble for the MXN?

- Report notes that the risk of a "rapid and sudden collapse" of Mexico could be a reality as the Mexican government infrastructure starts to see cracks.
- Report cites fear of a collapse stems from their internal issues of dealing with drug cartels and gangs within Mexico.
- Reports notes that in such a scenario Mexican authorities would no longer be able to control their side of the border
- Reports also cited concerns over Pakistan

TRADE THE NEWS

Forex Trading News Japan Economic Releases

The following are the Japanese economic releases for trade date 1/14/09:

Machine Orders (MoM Nov) - Survey: -8.0%    Actual: -16.2%  Prior: -4.4%

Machine Orders (YoY Nov) - Survey: -20.8%   Actual: -27.7%  Prior: -15.5%

Domestic CGPI (MoM Dec) - Survey: -1.5%   Actual: -1.2%  Prior: -1.9%

Domestic CGPI (YoY Dec) - Survey: 0.8%  Actual: 1.1%   Prior: 2.8%

With the Yen bid across the board, these negative releases on the Japanese production and price outlook have not had any effect.

FXDD VIDEO Economic Releases overnight that may offer trading opportunities

Forex News “FXDD Today” gives a recap of today and preview of tomorrow (Jan 15th)

FXDD Today is now available for download.  The concise one day report, gives a snap shot of the market near the close of trading.  It also gives a picture of the trend of the major economic releases due out over the next 24 hours.  To access the report click on the following link

CLICK HERE TO DOWNLOAD TODAY’S "FXDD TODAY" REPORT (pdf) 

Thank you for choosing FXDD.

Greg Michalowski

Trading forex is risky and should only be done with risk capital that will not change your lifestyle. Traders could lose all of their risk capital trading forex. FXDD does not guarantee any recommendation made within this commentary. Traders should make market assessments and take trading positions based on their own personal market analysis, risk tolerance and financial condition. In addition, care should be made to only use leverage which is congruent with your personal risk tolerance. Although care was taken in creating this report, FXDD does not guarantee the accuracy of the information 

Forex Trading. The $ is starting to get hit as the focus goes back to the US

Stocks are down 270 points.  Treasury yields are down.  The 30 year is down 11 basis points as is the 10 year. Economic data show Retail sales down sharply and stockpiles rising to highs not seen since 2001.  The EURUSD moves back above yesterdays low. at 1.3139. EURGBP bounces back above the key 0.9000 level.   Volatility continues.   

Forex Trading US Business Inventories fell 0.7% versus 0.5% expected

Sales dropped 5.1%.  The Inventory to Sales ratio rose to 1.41 months at the current sales pace.  This is the highest since 2001 and is a worry.  The Stockpiles have been well contained up until the last few months.  However, now it appears that the sharp reversal has gotten businesses out of balance.  If it continues, production will need to be slowed further resulting in slower growth and higher unemployment.  

The news has moved the EURUSD back toward the lows from yesterday at the 1.3139 level.   

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