***Economic Data***
– (EU) ECB: €2.3B borrowed in overnight loan facility vs. €1.6B prior; parked in deposit facility (fresh record highs) vs. €501.9B prior
– (ZA) South Africa Dec CPI (all items) M/M: 0.3%e v 0.3% prior; Y/Y: 6.3% v 6.1% prior
– (MA) Malaysia Dec CPI Y/Y: 3.0% v 3.1%e
– (IT) Italy Nov Total Trade Balance: -€1.6B v -€1.1B prior; Trade Balance EU: -€386M v -€195M prior
– (ZA) South Africa Dec Kagiso PMI: 49.451.6e
– (ES) Spain banks November bad loans ratio 7.51% vs. 7.42% prior m Read more…
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European Market Update: IMF set to again propose increasing lending resources by $1.0T by the next G20 Summit
TradeTheNews.com European Market Update: Fitch noted that France seen holding onto AAA rating for this year aids risk appetite; Euro nations sovereign review likely to be resolved by end of January
Economic Data
ECB: €1.5B borrowed in overnight loan facility v €1.4B prior; €481.9B parked in deposit facility €463.6B prior
Finland Oct GDP Indicator: 1.1% v 1.4%e
Finland Nov Industrial Production M/M: +0.5% v 0.1%e; Y/Y: 3.5% v 3.4%e
Bank of France Dec Business Sentiment: 96 v 95e
France Nov Manufacturing Production M/M: +1.3% v 0.4%e; Y/Y: +2.2% v 0.1%e
France Nov Industrial Production M/M: +1.1% v 0.2%e; Y/Y: +0.9% v 0.4%e
Denmark Nov Retail Sales M/M: 0.5% v 0.0%e; Y/Y: 1.8% v 3.6% prior
Denmark Dec CPI M/M: 0.0% v 0.0%e; Y/Y: 2.5% v 2.5%e
Denmark Dec CPI EU Harmonized M/M: 0.0% v 0.0%e; Y/Y: 2.4% v 2.4%e
Spain Nov House transactions Y/Y: 14.4% v 18.0% prior
Philippines Nov Bank Lending Y/Y: 19.3% v 21.1% prior; Net of RRPs Y/Y: 22.5% v 22.2% prior
Sweden Dec Budget Balance :90.8B B v +5.5B prior
Sweden Nov Industrial Production M/M: 1.9% v 0.8%e; Y/Y: 0.2% v 2.5%e
Sweden Nov Industrial Orders M/M: 4.8% v 1.8% prior; Y/Y: 8.4% v 5.0% prior
Norway Dec CPI M/M: 0.1% v 0.3%e; Y/Y: 0.2% v 0.5%e
Norway Dec CPI Underlying M/M: 0.2% v 0.2%e; Y/Y: 1.0% v 1.0%e
Norway Dec Producer Prices M/M: 0.2% v 0.3%e; ; Y/Y: 8.2% v 12.9%
South Africa Dec SACCI Business Confidence: 99.1 v 97.4 prior
South Africa Dec Naamsa Vehicle Sales Y/Y: 11.0% v 8.5%e
Fixed Income:
South Africa sold total ZAR2.1B vs. ZAR2.1B
Daily Chart Art – January 10, 2012
GBP/JPY: 1-hour
What’s up, forex folks? How are you liking this potential retracement play on GBP/JPY’s 1-hour chart? Pound bears probably needed to take a breather after taking the pair to the 118.50 minor psychological support area. GBP/JPY seems to be stalling at the 38.2% Fib, but with stochastic still pointing upwards, the pair could have room to retrace higher. The 61.8% Fibonacci retracement level lines up with a former support level, which is near the 119.00 handle. If that level holds as resistance, GBP/JPY could slide back to its recent lows.
Understanding the Options Trading Market As Pros Do
You’ll find a whole bunch of opportunities for investors in the financial market that goes from the less risky to the very risky ones. 
Investors are beginning to find options trading very attractive and are investing in that vein. With options trading, the investor stands the chance of making more gains if he properly understands the workings of this system.
Options trading are contracts that give investors the ability to purchase investments like stocks at a price that has been pre-established for define period in time. The investment becomes invalid if the investor dishonors the contract at the said time and the opportunity no longer holds. W
Euro Drops as Banks Borrow more than Expected from ECB
Euro is heading lower as area banks borrow more than expected from the European Central Bank. The ECB introduced a program to allow banks to take three-year loans in order to prevent a credit crunch for the region.
Forecasts were that about 310 billion euros would be borrowed. As banks began borrowing, the euro headed higher in forex trading. However, the story changed rather quickly as the borrowed amount continued to grow — to 489 billion euros.
With concerns that the debt crisis is deeper than expected, and worries that banks won’t use the borrowed money to purchase the bonds of ailing countries, the euro is now slipping, along with European stocks.