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European Economics Preview: ECB Monthly Bulletin, French Debt Auction Due The European Central Bank's monthly bulletin is due today. In addition, France and Spain are set to enter the debt market to raise as much as EUR 14.3 billion. At 2.00 am ET, the European Automobile Manufacturers' Association, or ACEA is scheduled to issue Europe's new car registration data for January. Registrations were down 6.4 percent in December. At 3.00 am ET, the Czech Statistical Office is scheduled to issue consumer price figures for January. Annual inflation is forecast to rise to 3.2 percent from 2.4 percent in December. In the meantime, Turkey's consumer confidence and Spain's final GDP reports are due. Half an hour later, Sweden's central bank is set to announce its interest rate decision. Riksbank is expected to cut its repo rate to 1.5 percent from 1.75 percent. At the same time, Sweden's inflation figures are also due. Annual inflation is forecast to remain at 2.3 percent in January. The European Central Bank is slated to publish monthly bulletin at 4.00 am ET. Last week, the central bank maintained its record low 1.00 percent interest rate for the second month in a row. In the meantime, Italy's trade and Norway's GDP figures are due. Mainland Norway is forecast to grow 0.5 percent sequentially in the fourth quarter after rising 1 percent in the third quarter. The Spanish government plans to raise as much as EUR 4 billion in securities maturing in January and July 2015 and October 2019. The French government plans to raise a maximum of EUR 8.5 billion in 2-year, 3-year and 5-year bonds. It will also auction index-linked bonds to raise EUR 1.8 billion. The results of the auction are due at 4.50 am ET. Moody's on Monday downgraded the rating of Spain and five other Eurozone countries, citing the uncertainty over the euro area's prospects for institutional reform. Moreover, the agency lowered the outlook on the triple-A ratings of France to 'negative'. More FOREX-news on pages InstaForex.Com

FX-1 Rally: Wild Speeding Got used to the measured trading during the week? Get ready to the wild speeding as Friday comes! Friday is the day of extreme racing at the scene of the best broker in Asia where every Friday InstaForex Company holds FX-1 Rally contest, a unique forex competition for demo account holders! Find below the names of those who divided the prize pool amounted to $1500 last week: The winners of January 27 contest: 1 place – Akinyemi Makinde (8840507) - 500 USD 2 place – Florin Voaides (8837948) - 400 USD 3 place – Yuriy Haykin (8851057) - 300 USD 4 place – Natalya Pikalova (8851839) - 200 USD 5 place – Amin Mady (8851995) - 100 USD The winners of February 3 contest: 1 place – Fajar Setiawan (8860549) - 500 USD 2 place – Nikolay Hilko (8856017) - 400 USD 3 place – Viktor Zhitnikov (8866727) - 300 USD 4 place – Zhanat Bakeev (8866298) - 200 USD 5 place – Shahrill Sulaiman (8858909) - 100 USD We sincerely congratulate all forex racers and wish everybody to be in time with registration for the next rally, the unique forex rally, which starts this Friday! Contest statistics Registration page Photos and comments of the finalists

European Economics Preview: Eurozone GDP Data Due Quarterly national accounts from Eurozone and other major member nations and Inflation Report from the Bank of England are the major reports due on Wednesday, headlining a hectic day for the European economic news. At 1.30 am ET, the French statistical office Insee is scheduled to issue fourth quarter GDP data. Economists forecast the economy to shrink 0.2 percent sequentially. Half an hour later, German GDP figures are due. The largest Eurozone economy is expected to contract 0.3 percent quarter-on-quarter after expanding 0.5 percent in the third quarter. Annually, the growth is seen slowing to 1.9 percent. At 3.00 am ET, a slew of statistical reports are due. GDP figures from Hungary and the Czech Republic and inflation data from Spain are due. Czech GDP is expected to remain flat sequentially in the fourth quarter. Meanwhile, Hungary's economy is expected to grow 0.9 percent annually. Italy's statistical office Istat is slated to publish quarterly national accounts at 4.00 am ET. The GDP is estimated to fall 0.6 percent in the fourth quarter after contracting 0.2 percent a quarter ago. At 4.30 am ET, the Office for National Statistics is set to release U.K. labor market statistics for January. The claimant count rate is seen unchanged at 5 percent in January. The number of people claiming jobseekers' allowance is forecast to rise 3,000 in January. Eurostat is set to issue Eurozone fourth quarter GDP data at 5.00 am ET. The 16-nation currency bloc is forecast to shrink 0.4 percent quarterly, following third quarter's 0.1 percent expansion. The Bank of England is scheduled to issue Inflation Report at 5.30 am ET. The publication of the quarterly report will be followed by a press conference. The report will provide more understanding about inflation and output projections and its future course of action on quantitative easing. The Portuguese government plans to raise between EUR 2.5 billion and EUR 3 billion from T-bill auction at 5.30 am ET. More FOREX-news on pages InstaForex.Com

European Economics Preview: German ZEW Economic Sentiment Survey Results Due Economic sentiment survey results from Germany and inflation figures from the U.K. are the major statistical reports due on Tuesday. In addition, Spain and Italy are expected to step into the debt market after Moody's downgraded their sovereign ratings. Hungary's statistical office is scheduled to issue inflation and final industrial output figures. Annual inflation is expected to accelerate to 5 percent in January from 4.1 percent in December. At 4.30 am ET, U.K. inflation figures are due. Annual inflation is forecast to slow notably to a 14-month of 3.6 percent in January from 4.2 percent in December. As inflation probably remained more than one percentage point above 2 percent for three straight months since Bank of England Governor Mervyn King wrote his last open letter, King is expected to write another letter to Chancellor George Osborne this week. In the meantime, Spain is set to auction T-bills maturing in one year and 18 months. The 12-month bill auction is set to raise between EUR 2.5 billion and EUR 3 billion and 18-month bills to collect between EUR 1.5 billion and EUR 2 billion. The rating agency Moody's has downgraded Spain, Italy and four other eurozone nations on Monday. Elsewhere, Standard & Poor's lowered its investment-grade credit ratings on 15 Spanish banks, a month after it cut its ratings on Spain. The Mannheim based Centre for European Economic Research is scheduled to issue German economic sentiment survey data at 5.00 am ET. The economic confidence is seen improving to -11.8 in February from -21.6 in January. In the meantime, Eurostat is scheduled to issue industrial production for the euro area. Economists forecast industrial output to fall 1.2 percent month-on-month in December after rising 0.1 percent in November. The Italian government is set to raise between EUR 5 and EUR 7 billion from medium-long term debt auction. At the same time, Greece 13-weeks T-bill auction is also due. More FOREX-news on pages InstaForex.Com

European Economics Preview: German Wholesale Price Data Due Wholesale price data from Germany and producer prices from Switzerland are the reports due on Monday, headlining a light day for the European economic news. Further, the German government is set to raise EUR 4 billion from a Bubill auction. Over the weekend, Greek lawmakers approved a highly unpopular package of austerity measures, paving the way for its international creditors to release EUR 130 billion in aid to the troubled euro member. At 2.00 am ET, the Federal Statistical Office is scheduled to issue German wholesale price figures for January. Wholesale prices had increased 3 percent in December. Swiss producer and import prices are due at 3.15 am ET. Producer and import prices are forecast to rise 0.2 percent month-on-month in January after rising 0.3 percent in December. On a yearly basis, it is expected to drop 2.2 percent. At 4.00 am ET, the Czech central bank is scheduled to release current account figures. The account is expected to show a deficit of CZK 3.25 billion in December compared to a surplus of CZK 6.61 billion in November. The German government is slated to conduct new 6-month Bubill auction at 5.00 am ET, with an aim to raise EUR 4 billion. Poland's central bank is set to issue current account figures at 8.00 am ET. The current account deficit is seen at EUR 1.17 billion in December compared to EUR 1.034 billion shortfall in November. More FOREX-news on pages InstaForex.Com

InstaForex Sniper: Secrets of Successful Trading! How often do you succeed in achieving a goal? Is there any method you follow? Everyday training or rather visualization? Charms, spells or just a zeal? Whatever your secret of success is, it is supposed to be safe for you and the people close to you. It is great if it boosts your professionalism too. This is what InstaForex Sniper does! This contest helps develop intuition and quick response and also contributes to analytical thinking, which is important in conquering forex heights! Last week another step towards the goal was made by the following people: 1 place – Oleg Zharskiy (8840526) - 500 USD 2 place – Marat Garipov (8842262) - 400 USD 3 place – Nikolay Savinov (8839809) - 300 USD 4 place – Sergey Karatayev (8842396) - 200 USD 5 place – Florin Adrian Bacria (8842304) - 100 USD We congratulate all the participants of this InstaForex tournament! We hope that all those who did not manage to get on the victorious pedestal this time will keep their spirits up and test their skills in the next step of InstaForex Sniper! Contest statistics Registration page Photos and comments of the finalists

European Economics Preview: ECB, BoE Rate Decisions On Focus Outcome of the monetary policy meetings of the Bank of England and the European Central Bank are the major events that are set to dominate the scene on Thursday. At 1.45 am ET, Swiss consumer sentiment is due. Consumer confidence is forecast to improve to -22 in January from -24 in the prior quarter. Statistics Netherlands is set to issue January consumer prices at 3.30 am ET. Annual inflation is expected to rise to 2.6 percent from 2.4 percent in December. The Office for National Statistics is scheduled to issue U.K. industrial output figures at 4.30 am ET. Industrial output is expected to grow 0.2 percent month-on-month in December, following a 0.7 percent drop in November. In the meantime, external trade figures from U.K. are due. The visible trade deficit is seen at GBP 8.6 billion in December compared to GBP 8.64 billion in November. The BoE is widely expected to lift the size of quantitative easing by GBP 50 billion to GBP 325 billion. The interest rate is seen unchanged at a record low of 0.50 percent. The announcement is due at 7.00 am ET. The European Central Bank is set to announce its decision at 7.45 am ET. Economists widely expect policymakers to maintain the rate at 1.00 percent. ECB President Mario Draghi is set to hold a the regular post-decision press conference at 8.30 am ET. More FOREX-news on pages InstaForex.Com

European Economics Preview: German Trade, Debt Auction In Focus Foreign trade figures from Germany and unemployment data from Switzerland are the major European statistical data due on Wednesday. Further, Germany is set to auction its 5-year Federal Notes today, aiming to raise EUR 4 billion. Switzerland's State Secretariat for Economic Affairs (SECO) is slated to publish the January unemployment figures at 1.45 am ET. At 2 am ET, German trade data is due. The trade balance is forecast to post EUR 13.8 billion surplus in December. Exports are seen declining 1 percent from a month earlier, while a growth of 1 percent is forecast for imports. Bank of France is scheduled to release the business sentiment survey results at 2.30 am ET. Economists expects the sentiment indicator to remain unchanged at 96. Czech unemployment, Spain industrial production, Hungary foreign trade and Turkey industrial production are due at 3 am ET. Interest rate decision from the Central Bank of Iceland is expected at around 4 am ET. Base rate announcement from the National Bank of Poland is also due later in the day. Germany is set to hold an auction of its 0.75 percent 5-year Federal Notes or Bobls at 5.30 am ET. The country is aiming to raise EUR 4 billion from the sale of the debt due February 2017. The previous tap on the line was on January 11, which was met with strong demand. The yield on the 5-year paper had declined to 0.90 percent and demand was 2.8 times the offer. More FOREX-news on pages InstaForex.Com

European Economics Preview: German Factory Orders Data Due Industrial orders from Germany and Eurozone sentix investor confidence are the major reports due at the start of the week, headlining a light day for the European economic news. The Czech statistical office is slated to release industrial and construction output figures at 3.00 am ET. After rising 5.4 percent in November, industrial production is forecast to grow 1.5 percent annually. The Society of Motor Manufacturers and Traders is set to publish U.K. new car registrations data for January at 4.00 am ET. Registrations were down 3.7 percent in December. Eurozone sentix investor confidence is due at 4.30 am ET. The confidence index had fallen to -21.1 in January from -24 in December. At 6.00 am ET, Germany's Federal Ministry of Economy and Technology is scheduled to issue factory orders for December. Economists forecast industrial orders to grow 1 percent month-on-month after falling 4.8 percent in November. On a yearly basis, a 0.8 percent fall is expected. At 9.00 am ET, French T-bill auction is due. The government aims to raise EUR 2.1 billion from 182-day T-bills and EUR 2.2 billion from 364-day bills. Also, it will issue EUR 4.2 billion 91-day bills. More FOREX-news on pages InstaForex.Com

China Intensifies Opposition to Iran Sanctions, Calls for Dialogue to Resolve Issue News China's People's Daily stepped up Beijing's opposition to tighter sanctions against Iran, warning that such moves are hurting energy markets and could stifle the global economic recovery. Reports come a day after German Chancellor Angela Merkel urged Beijing to use its influence to persuade Iran to give up its nuclear weapons programme. The commentary reiterated China's stance that dialogue should be used to resolve the Iranian nuclear issue More FOREX-news on pages InstaForex.Com

FX-1 Rally: Speed, Money, Euphoria! What do the leaders of the 24-hours rally feel during the last hour of the race? Do they feel fatigue and hunger? Or does the adrenaline which amount is critical in blood allow thinking of anything except holding the leading position? You do not need to be a pilot of Le Man to check it! Become a customer of InstaForex Company and take part in the 24-hours competition FX-1 Rally! Now we introduce the winners of the latest Friday race: 1 место – Bambang Riyanto (8829102) - 500 USD 2 место – Erialda Braca (8836813) - 400 USD 3 место – Bejo Wahono (8834905) - 300 USD 4 место – Aleksandr Sasyuk (8836586) - 200 USD 5 место – Irina Medvedeva (8836125) - 100 USD Feel the speed of trading together with the best broker in Asia! Contest statistics Registration page Photos and comments of the finalists

European Economics Preview: Eurozone Producer Price Data Due Producer prices from Eurozone and Purchasing Managers' survey results from the U.K. are the major reports due on Thursday, headlining a light day for the European economic news. In addition, Spain and France are set to conduct debt auctions. At 2.00 am ET, the Federal Customs Administration is slated to publish Swiss December trade data. The trade surplus is expected to fall to CHF 2.5 billion from CHF 2.95 billion in November. U.K. CIPS/Markit construction Purchasing Managers' survey results are due at 4.30 am ET. The indicator is seen rising to 52.5 in January from 53.2 in December. Spain is set to raise EUR 3.5 billion to EUR 4.5 billion through a bond auction at 4.30 am ET. The issue includes bonds maturing on January 2017, July 2015 and October 2016. At 4.50 am ET, France is set to issue longer term bonds or OATs. The Agence France Tresor will auction bonds with 7, 8, 10 years maturity. The agency aims to raise between EUR 6.5 billion and EUR 8 billion. At 5.00 am ET, Eurostat is scheduled to issue euro area producer price figures for December. Producer price inflation is forecast to slow to 4.3 percent in December from 5.3 percent in November. On a monthly basis, producer prices are expected to drop 0.1 percent. The Czech National Bank is set to announce its interest rate decision at 7.00 am ET. The central bank is widely expected to retain the rate at 0.75 percent. More FOREX-news on pages InstaForex.Com

Euro Extends Slide Against Most Majors The euro extended its Tuesday's decline against most major currencies in early Asian deals on Wednesday amid weak U.S. economic data and uncertainty about Greece's debt crisis. The euro that closed Tuesday's New York session at 99.81 against the yen fell to a 9-day low of 99.46 in Asian deals. The next downside target level for the euro-yen pair is seen at 99.0. Against the Swiss franc, the euro slipped to a fresh 4- 1/2 -month low of 1.2034, compared to Tuesday's close of 1.2040. If the euro-franc pair weakens further, it will break 1.20 and target the 1.180 level. The euro declined to a fresh multi-year low of 1.5823 against the New Zealand dollar with 1.50 seen as the next downside target level. At yesterday's close, the euro-kiwi pair was quoted at 1.5841. The euro dropped to 9-day lows of 1.2290 against the Australian dollar and 1.3093 against the Canadian dollar, compared to yesterday's close of 1.2326 and 1.3122, respectively. The next downside target level for the euro is seen at 1.223 against the aussie and 1.306 against the loonie. But the euro moved sideways against the US dollar and pound after falling to multi-day lows yesterday. The euro is currently worth 1.3071 against the dollar and 0.8296 against the pound, compared to yesterday's close of 1.3085 and 0.8303, respectively. Investors now focus on the European session, in which U.K. Nationwide house price index for January, Swiss retail sales for December, final PMI reports for January from major European economies and the Eurozone CPI estimate for January are slated for release. The U.S. ISM manufacturing index and ADP employment report - both for January and the construction spending for December are expected in the New York morning session. More FOREX-news on pages InstaForex.Com

One Million Option: Everything for the Victory! What are the participants of the One million option contest ready for in their hunger for the absolute supremacy, in their pursuit of gaining a prize and desire to be honored by the colleagues? Many of them deliberately put everything at stake irrespective of means in order to win the competition. These sacrifices are rewarded and help them to acquire an impressive initial capital for trading on a real account. The following 5 participants decided to put everything at stake and gained: 1 place – Sergei Chuchupaka (8810882) - 500 USD 2 place – Ildar Nasyrov (8809009) - 400 USD 3 place – Valentina Ganske (8805054) - 300 USD 4 place – Inna Pronina (8811394) - 200 USD 5 place – Mosztok Mihaly (8810055) - 100 USD Well-deserved rewards are waiting for their owners on InstaForex real trading accounts. We wish to all future participants of the contests be as much determined as our present winners. Your persistence will lead you to success! Contest statistics Registration page Photos and comments of the leaders

European Economics Preview: German Unemployment Data Due Unemployment figures from Germany and Eurozone and mortgage approvals from the U.K. are the major statistical reports due on Tuesday, headlining a busy day for the European economic news. At 2.00 am ET, the Federal Statistical Office is scheduled to issue German retail sales figures for December. Economists forecast retail sales to rise 0.8 percent month-on-month after easing 1 percent in November. French consumer spending and producer prices are due at 2.45 am ET. Consumer spending is forecast to rise 0.2 percent month-on-month after falling 0.1 percent in November. Producer price inflation is seen slowing to 4.7 percent annually in December from 5.6 percent in November. Spain's flash HICP and Hungary's PPI and unemployment reports are due at 3.00 am ET. Economists forecast Spanish inflation to slow slightly to 2.3 percent in January from 2.4 percent in December. The Federal Labor Agency is set to release German unemployment data at 3.55 am ET. The number of unemployed is forecast to fall by 10,000 in January. The seasonally adjusted jobless rate is seen stable at 6.8 percent. At 4.00 am ET, Norway's retail sales and C2 credit indicator figures are due. Retail sales growth is seen at 2.2 percent annually, faster than the 0.9 percent increase in November. The Bank of England is set to publish mortgage approvals figures at 4.30 am ET. The number of mortgage approvals is seen at 54,000 in December compared to 52,900 in November. M4 money supply data is also due at the same time. Eurozone jobless data for December is due from Eurostat at 5.00 am ET. The unemployment rate is forecast to rise to 10.4 percent from 10.3 percent in November. More FOREX-news on pages InstaForex.Com

European Economics Preview: Eurozone Economic Sentiment Data Due Economic confidence data from Eurozone and preliminary inflation figures from Germany are the major statistical reports due on Monday, headlining a light day for the European economic news. At 2.00 am ET, Germany's Federal Statistical Office is scheduled to issue wholesale turnover figures for the fourth quarter and 2011. Spain's statistical office INE is slated to release GDP figures for the fourth quarter at 3.00 am ET. According to the estimates of the Bank of Spain, the economy shrank 0.3 percent sequentially in the fourth quarter. The Italian government is set to hold a debt auction at 5.00 am ET. It aims to raise up to EUR 8 billion. Late Friday, Fitch downgraded Spain's long-term debt rating to 'A' from 'AA-'. The auction includes bonds maturing on March 2022 and other two maturing on April 2016 and March 2021. A new bond maturing in May 2017 is also slated for the day. The European Commission is set to publish monthly economic sentiment survey results at 5.00 am ET. Eurozone economic confidence is seen rising to 93.8 in January from 93.3 in December. Likewise, business sentiment is forecast to improve to -0.25 from -0.31 a month ago. Germany's preliminary inflation figures for January are due later today. Economists forecast harmonized annual inflation to rise to 2.4 percent in January from 2.3 percent in December. On a monthly basis, the harmonized index of consumer prices is forecast to drop 0.4 percent. EU leaders and finance ministers are set to meet in Brussels today. The informal meeting will discuss the steps to be taken by the EU in order to overcome the current debt crisis and tackle its consequences. More FOREX-news on pages InstaForex.Com

Euro Zone Fire Walls are Strong Enough, No Boost needed says Germany's Schaeuble News European fire walls are high and strong enough currently and doesn't require any strengthening said German Fin min Schaeuble. He said that only 43.7 bln euors of total 440 bln has been used and it is not prudent to call for raising walls with every new beat of information Quotes "What speaks against this discussion (to boost the volume) is the that we shouldn't be chasing after the latest fad every week," "Everything at the moment suggests that the rescue measures are sufficient," German Finance Minister Wolfgang Schaeuble More FOREX-news on pages InstaForex.Com

FX-1 Rally: Reality or Fantasy? Everybody has his personal idea of real and fantastic methods of earning in the present-day world. At the same time, traders have their own idea of making profit on Forex market. The overwhelming majority considers the idea of making profit on the financial markets without any investments to be unreal. They accept the necessity of significant investments, high risk, and spending much time. The customers of InstaForex Company, the best broker in Asia, adhere to the contrary opinion. InstaForex has already broken these stereotypes offering new opportunities for traders to earn more. Thus, taking part in the FX-1 Rally contest, every participant has a chance to earn up to five hundred US dollars for only one working Friday without any risk to his own money enjoying the competition and adrenalin. Wouldn’t it be enough to spend the whole weekend in a good mood? So let us introduce and congratulate the winners of the last Friday race: 1 place – Nadezhda Farrakhova (8821332) - 500 USD 2 place – Nikita Pyadukhov (8820353) - 400 USD 3 place – Anatoliy Astashin (8809927) - 300 USD 4 place – Leonid Boborik (8809274) - 200 USD 5 place – Dmitriy Doroganov (8821560) - 100 USD Take part in InstaForex contests and campaigns - efface the boundary between reality and fantasy! Contest statistics Registration page Photos and comments of the finalists

European Economics Preview: German GfK, Italian Debt Auction In Focus German consumer confidence survey results from market research group GfK and an Italian debt auction are the main news on tap for Thursday. At 2 am ET, GfK is expected to release the results of its consumer survey for the month of February. The sentiment index is forecast to remained unchanged at 5.6. French statistical office Insee is scheduled to release the results of the latest business and consumer confidence surveys at 2.45 am ET. Economists forecast the consumer confidence index to remain steady at 80 compared to that in the previous survey. Sweden's National Institute of Economic Research (NIER) is slated to publish the economic tendency survey results at 3.15 am ET. The economic sentiment index is expected to rise to 93 in January from 92.8 in December. Swedish producer price figures, unemployment data and trade balance are due at 3.30 am ET. Italian consumer confidence survey results are expected at 4 am ET. The Italian Treasury is scheduled to auction its zero coupon bond (CTZ) and inflation linked treasury bonds (BTP?i) today, aiming to achieve as much as EUR 5 billion sales. The agency will put on sale CTZ maturing in January 2014 with an aim to raise between EUR 3.5 billion and EUR 4.5 billion. The issue of 2.15 percent September 2014 bonds are targeted to raise EUR 250 million to EUR 500 million. More FOREX-news on pages InstaForex.Com

European Economics Preview: German Ifo Business Confidence, U.K. GDP Data Due A slew of statistical reports are scheduled to be released on Wednesday, headlining a hectic day ahead. Business confidence data from Germany and quarterly national account figures from the U.K. are set to dominate the scene. At 3.00 am ET, Spain's statistical office INE is set to issue producer price figures for December. Economists forecast producer price inflation to ease to 5.2 percent from 6.3 percent in November. Hungary's retail sales figures are also due at 3.00 am ET. Retail sales are forecast to fall 0.1 percent annually in November after rising 0.6 percent in October. German Ifo business confidence survey results are due at 4.00 am ET. Business confidence is seen rising to 107.6 in January from 107.2 in December. Likewise, the current conditions index is expected to rise to 116.8 from 116.7 a month ago. Italy's retail sales figures are also due at the same time. Economists forecast retail sales to fall 0.2 percent month-on-month in November after rising 0.1 percent in October. First estimates for the U.K. GDP is due from the Office for National Statistics at 4.30 am ET. The economy is forecast to shrink 0.1 percent sequentially in the fourth quarter, following the 0.6 percent expansion in the fourth quarter of 2011. In the meantime, the Bank of England is set to publish the minutes of the January monetary policy meeting. The bank has left the size of quantitative easing unchanged at GBP 275 billion and its interest rate at a historic low of 0.50 percent. Germany is set to step into the debt market today with an issue of 30-year bonds. The government aims to raise EUR 3 billion from the current auction. The Confederation of British Industry is scheduled to issue Industrial Trends survey data at 6.00 am ET. The total order book balance is expected remain unchanged at -23 percent in January. More FOREX-news on pages InstaForex.Com

EUR/USD On Correction Mode At Key Levels EUR/USD's overnight rally was briefly corrected in the early Asian session but the pair managed to hold above its 23.6 percent retracement level between a high on October 27, 2011 and a low on January 13. The euro advanced yesterday as German bill auction attracted solid demand, selling EUR 2.54 billion of 12-month bills at an average yield of 0.07 percent. However, caution on Greece pressured the pair to trim gains in early Asian deals on Tuesday, hitting as low as 1.2989. Subsequently, the pair reverted to above yesterday's closing value of 1.3016 ahead of the European session. The pair is presently hovering around the 1.3025 area and the immediate barrier could be at its 50-day SMA of 1.3110. A move above this level could position to pair to test the 38.2 percent retracement level at 1.3250. PMI data from major eurozone economies and Spanish short-term bill auctions would be the key drivers for the common currency in the London session. Eurostat's industrial new orders report for November is also set to garner some market attraction. More FOREX-news on pages InstaForex.Com

Economic Disparities Between UK Cities Growing: Report The economic gap between UK cities are widening, while they continued to face the impact of the economic downturn, research group Center for Cities said in a report on Monday. However, despite the sombre national forecast, there will be glimmers of growth from some cities this year, Cities Outlook, published in co-ordination with IBM and the LGA, said. The gap in the claimant count rate between Hull and Cambridge widened to 6.1 percentage points in November 2011 from 3.2 percentage points in February 2008, the report noted. The report also highlighted that there are six times more claimants in the most troubled neighborhood in Rochdale than there are in the most troubled neighborhood in Cambridge. Centre for Cities called on the Government to invest in those cities that are primed for growth. As these cities grow and create jobs, they will drive the national recovery. Cities that are facing more entrenched challenges will require different solutions and support from Government to give residents the skills needed to find jobs and start businesses, it said. Centre for Cities Chief Executive Alexandra Jones said "the year ahead is going to be tough for all UK cities but Cities Outlook 2012 shows that some cities are well-placed to kick-start economic growth." Cities like Milton Keynes and Aberdeen are well placed to drive the national economic recovery in this difficult economic climate, the report noted. More FOREX-news on pages InstaForex.Com

FX-1 Rally: What Is Our Life? A Game! In our childhood we used to play games dreaming of the day when we grow up and do what we like not pretending but really. Having grown older many of us regret that happy, careless, free from any financial risk time when we could most seriously discuss the rainbow flavor has gone forever. Now the idea that while one plays, the other gains can hardly let us enjoy the game. InstaForex gives the unique opportunity to combine playing with working by participation in the contest of demo accounts FX-1 Rally where each participant without any financial risk can experience positive emotions and gain a valuable prize! Do you not believe it? Then welcome the winners of another stage of the unique Forex rally, which ended last Friday: 1 place – Irina Pronina (8804037) - 500 USD 2 place – Vitaliy Tchukavin (880670) - 400 USD 3 place – Mohd Hisyam (8804811) - 300 USD 4 place – Elvira Baydagulova (8807493) - 200 USD 5 place – Natalya Romanova (8807091) - 100 USD We invite you to take part in the InstaForex contests and campaigns where the one who plays gains! Contest statistics Registration page Photos and comments of the finalists

Moody's Says Likely To Cut Ratings Of Big Banks Moody's Investors Service warned Thursday that it will likely downgrade the ratings on a number of rated banks globally, as several trends including deteriorating sovereign creditworthiness and high economic uncertainty have weakened the lenders' credit profiles. Moody's said that most European banks are vulnerable to the euro area debt crisis, while global capital market intermediaries face macroeconomic uncertainty, low growth and severe market volatility. Moody's Global Banking Managing Director Greg Bauer said that the expected decline of bank ratings reflects the acceleration of interrelated pressures on the banking sector since the second half of 2011. "These pressures most immediately affect global capital markets intermediaries and European banks," Bauer said. "Deteriorating sovereign creditworthiness, particularly in the euro area; elevated economic uncertainty; and elevated funding spreads and reduced market access at a time when many banks face large debt maturities," are the main factors that puts the ratings of several banks' under pressure, according the rating agency. In advanced economies, these factors are expected to lead to many banks experiencing downward migration of their standalone credit assessments and their debt and deposit ratings in 2012. Moody's said it may place the ratings of a number of global investment banks and European banks under review for downgrade during first-quarter 2012. More FOREX-news on pages InstaForex.Com

European Economics Preview: French, Spanish Bond Auctions Due The French government is set to enter the primary debt market for the second time this week on Thursday after it lost the top notch 'AAA' rating. Statistics Netherlands is scheduled to release consumer confidence and unemployment data at 3.30 am ET. The consumer confidence index is forecast to improve to -34 in January from -37 in December. The jobless rate is seen at 5.9 percent in December. At 4.00 am ET, the European Central Bank is slated to publish monthly report. In the meantime, euro area's current account figures are due. The current account surplus is forecast to fall to zero from EUR 1.7 billion in October. Spain and France will be in the market with their first bond auctions since the S&P rating downgrade last week. The countries are set to test the market after Portugal and Germany held successful auctions on Wednesday, raising a total EUR 5.939 billion. The Spanish Treasury is set to sell longer-term debt at 4.30 am ET. The treasury will auction bonds maturing in 2016, 2019 and 2022 to raise between EUR 3.5 billion and EUR 4.5 billion. Later on, the Agence France Tresor will auction up to EUR 9.5 billion of French medium and longer term bonds in two auctions at 4.50 am ET and 5.50 am ET, respectively. At the start of the week, France held a successful auction of its treasury bills, which saw the country's 1-year borrowing costs fall. Spanish debt yields also declined at a treasury bills auction on Tuesday. The countries raised a total EUR 13.47 billion from the auctions as markets shrugged of the news of the S&P downgrade. Ireland's consumer prices are due from the Central Statistics Office at 6.00 am ET. Economists forecast annual inflation to slow to 2.7 percent from 2.9 percent in November. EU harmonized inflation is seen at 1.3 percent, down from 1.7 percent a month ago. Poland's industrial output and producer prices are due at 8.00 am ET. Economists forecast industrial production growth to fall 6.2 percent annually in December from 8.7 percent in November. Producer price inflation is seen easing to 8.3 percent in December from 8.9 percent. More FOREX-news on pages InstaForex.Com