important news

important new for today so be alert

8:30am	USD	Nonfarm Employment Change			100K (expectation)	-4K(previous)
8:30am	USD	Unemployment Rate			4.7%(expectation)	4.6%(previous)

NEWS -15 JANUARY 2007

Sun.1/14 6:30pm AUD TDMI Inflation Gauge m/m 0.3% 0.2%
6:50pm JPY Core Machinery Orders m/m 3.8% 4.2% 2.8%

Mon.1/15
4:00am EUR ECB President Trichet Speaks
4:30am GBP PPI Input m/m 0.2% 0.1%
4:30am GBP PPI Output m/m 0.0% 0.0%
5:00am EUR Industrial Production m/m 0.6% -0.1%
5:00am EUR ECB President Trichet Speaks
All Day USD Holiday: Martin Luther King Day
8:30am CAD New Motor Vehicle Sales m/m 3.0% -1.6%
6:50pm JPY CGPI m/m -0.1% -0.1%
6:50pm JPY Import Price Index m/m -2.2%
7:01pm GBP RICS House Price Balance 46% 47%

source : http://www.forexfactory.com/calendar.php

CALENDAT 9 JANUARY 2007

Tue. 01/09
2:00am EUR German Trade Balance 15.3B (f) 17.3B (p)
Definition
Measures the difference in value between imported and exported goods and services. A positive Trade Balance indicates that more goods and services were exported than imported over a given period. A rising trend has a positive effect on the nation's currency. When higher levels of exports are sold to the world, demand for the nation's currency is elevated as foreigners convert their native currency to purchase the exports. The Trade Balance also has a sizable impact on GDP because high demand for exports creates increased employment and production, as domestic factories work to fill this demand.

6:00am EUR German Industrial Production m/m 1.0%(f) -1.4%(p)
Definition
Measures the total value of output produced by factories, mines, and utilities. A rising trend has a positive effect on the nation's currency because high levels of production are a sign of a strong economy. Industrial Production reacts quickly to the ups and downs of the business cycle and can be a leading indicator of manufacturing employment, average earnings, and personal income. Traders pay special attention to Industrial Production because it's one of the few growth indicators that is produced directly by the Federal Reserve.

8:15am CAD Housing Starts 230K (f) 225K (p)
Definition
Measures the annualized number of new single-family homes or buildings constructed throughout the previous month.

6:30pm AUD WMI Consumer Sentiment m/m 11.8%
Definition
The Westpac Melbourne Institute (WMI) Consumer Sentiment measures the mood of consumers in regard to economic conditions. The reading is derived from a monthly survey that asks respondents to evaluate the prospects for the economy in the future.

7:01pm GBP Consumer Confidence Index 89 (f) 89 (p)
Investica Analysis
Recent consumer evidence has been mixed.
Definition
The Nationwide Consumer Confidence Index (NCCI) measures the mood of consumers in regard to economic conditions. The reading is derived from a monthly survey that asks respondents to evaluate the prospects for the economy in the future.

7:30pm AUD Trade Balance -0.70B (f) -1.26B (p)

HOT NEWS 9 JANUARY 2007

JPY SPEAKER NOW! Japan FinMin Omi upbeat, but still looking for 'BoJ to support economy'

NEWS HOTS 8 JANUARY 2007

Still plenty of talk of sovereign related demand on the base of EUR/USD, though the latest pop higher looks to be down to an investment bank but order rather than a lack of patience among the reserve adjusters. There's also an element - again - of catch up with Cable, with 15.00gmt fixing demand having a greater impact than the much better advertised interests at 11.00gmt had

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EUR/USD again was starting to look a little 'wobbly' though it has been this sort of level (just below 1.3000) where there have been suggestions of official interest. The name mentioned last week was not a sovereign, but a European supranational, though a UK clearer also appeared to have some pretty solid demand, having been on the other side as the new-year started. Currently, a small bounce, but this appears to be directly related to a large Swiss name buying EUR/CHF rather than for any other reason!

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ECB's Trichet - comments at G10 central bankers a touch hawkish

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JPY CB PREVIEW: Jan 18 meeting - BoJ might hike, but better to wait and see

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08 Jan 07: 06:52(SGA) - FX NOW! USD/JPY, EUR/JPY Flows : JPY firms, EUR/JPY under pressure, eye Trichet, Fukui (CB)
JPY seen ending Asia and starting Europe on a firmer not, with USD/JPY falling to day lows of 118.222 and EUR/JPY at day lows and also 3-week lows of 153.75-80. Market players will are cautious of more downside in EUR/JPY, with stoploss orders seen on break of 153.50, and with NZD/JPY, AUD/JPY, GBP/JPY all under selling pressure. Focus on any comments from BoJ Governor Toshihiko Fukui at BIS/G10 meeting in Basel, with ECB President Jean-Claude Trichet comments at 1145GMT for any clues on ECB bias. USD/JPY bids at 117.90-00, stops 117.80.

sorry late post

* 08 Jan 07: 08:39(LDN) - FX NOW! GBP/USD, EUR/USD Flows- sovereigns or not, Cable may be better short term bet
The jury is out as to whether there is any current sovereign support for EUR/USD, the picture not helped by many banks with central bank desks having arrangements to buy varying amount of EUR at different levels and effectively keeping the end buyer name out of the market. Anyone looking for a floor might prefer to look at Cable, which should see demand for a clearing bank fixing on dividend payments this morning . PB

FOREX 08 JAN 2007

WOW... pair Euro/Yen moving down so quick after touch new high 158.04 then drop down to 153.75 for today about 429 point down. Downside pressure still increasing, with prices now at the 153.77 low of 15 Dec. Bearish intraday studies allow for still deeper EUR reactions, with 153.17 to follow. Resistance into limited gains remains at the 154.50 intraday high, but a test andbreak back to 155.00 is not looked for, as profit-taking increases.

08 Jan 07: 01:22(SGA) - FX NOW! USD/JPY, EUR/JPY Flows : JPY remains firm, some focus on CNY after PBoC Zhou
USD/JPY and EUR/JPY at day lows of 118.30, 153.80, with some focus on earlier PBoC Governor Zhou Xiaochuan comments that China will increase CNY flexibility should trade surprlus continue to rise, helping to weigh on USD/JPY, EUR/JPY as well, as funds, still long, continue to unwind carry trades since end of last week. USD/CNY mid rate higher at 7.8135 from Friday close of 7.8047 on Friday. Market players will be monitoring CNY trading after PBoC Zhou comments, and not surprise to see further CNY rise. USD/JPY hit 2-wk lows of 117.98 on Friday, some bids at 117.90-00 from Japanese buying orders; while EUR/JPY at 3-week lows of 153.80, lowest level since Dec 15 153.74. Stoploss blw 153.70.WL