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Biggest % gainers: EUR/CAD up 0.89%, EUR/USD, GBP/USD, EUR/JPY on mild dollar and yen weakness and on mild euro strength.

Biggest % losers: USD/CHF down 0.58%, USD/JPY, AUD/CHF on mild CHF weakness and mild dollar weakness.

Gold $1,155
Oil $83.47 (another 52 week high on oil!)

CHF Retail Sales lower at 0.6% vs. 1.9% expected but last time was revised upward from 3.1% to 3.6%.

CAD Housing Starts better at 175k vs. 161k expected and last time was upwardly revised to 165k from 159k.

CAD Building Permits worse at 04.6% vs. -2.6% expected but last time upwardly revised to 20% vs. 18% last time.

NZD NZIER Business Confidence number comes out at 4pm ...

Currency Pair Overview:

U.S. Dollar Moves Lower Overnight

The dollar index has recently broken below the 77.00 area, reaching the lowest value over the last few weeks of trading. It appears the dollar index has formed a swing point following weaker than expected NFP data, released on Friday. Since early December, the currency market has been in long dollar mode, as the U.S. economy showed some signs that it will recover faster than it main counterparts, such as the Euro-area and the U.K.. However, Friday’s NFP data has showed that the recovery is not as strong as had been priced in, forcing the market to re-value the dollar index once again. 2010 had been announced as a year of uncertainty, and it seems ...

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/eurusd"]EUR/USD - Euro / US Dollar[/url][/b]
[b]Entry[/b]: 1.4525
[b]Stop[/b]: 1.4585
[b]Resistances[/b]: 1.4675 - 1.4595 - 1.455
[b]Supports[/b]: 1.4265 - 1.434 - 1.446

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/usdchf"]USD/CHF - US Dollar / Swiss Franc[/url][/b]
[b]Entry[/b]: 1.017
[b]Stop[/b]: 1.021
[b]Resistances[/b]: 1.039 - 1.0265 - 1.021
[b]Supports[/b]: 0.9965 - 1.007 - 1.0135

[b][img]http://www.mataf.net/images/_V3img/fleches/up_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/eurjpy"]EUR/JPY ...

Forexpros Daily Analysis Jan 11. 2010


Free webinar from Forexpros - Identifying Low Risk, High Reward, and High Probability Trading Opportunities For Short Term Forex Traders

Expert: Sam Seiden
When: Thu, Jan 21, 2010, 11:00 EST

During this session, we will apply what we learned during session one to the world of active short term trading in the Forex markets. We will walk through the trade selction process, applying our rule based strategy to identify price levels where demand and supply are out of balance and where profit margins are large offering us significant risk/reward opportunities.
This webinar is the second of a three part series brought to you by Online Trading ...