Tuesday, Dec 04, 08:34 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Dec 4, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − EUR Watch
Expert: Tony Juste
Start: Tue, Dec 4, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Dec 4, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Dec 4, 11:00 GMT | What Moves Currencies? − EUR Watch | Tony Juste | WBN | |
| Tue, Dec 4, 12:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
| Tue, Dec 4, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD: (1.4669) Back in channel from 1.4015 by KBC Bank
Correction from 1.4968 puts the pair back in the channel off 1.4015 (see graph) and currently below daiy channel bottom off 1.3358 (1.4701 today): 1st Support area at 1.4643 (Short Term reaction low hourly), with next levels at 1.4620 (current reaction low off 1.4968), ahead of 1.4613/ .02 (daily/ weekly projection band bottoms) and 1.4588/ .4586 (23.6% 1.3358 to 1.4968/ daily envelope bottom): tough on 1st attempts.
- Extreme OB/OS levels at this hour at Tony Juste's blog
- Long−term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- New Webinars Video − Access now Educational Sessions Recordings
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Daily Market Commentary − The dollar slipped on Monday on profit taking by Global Forex Trading
Market Session Recaps − Asia Session by FOREX.com
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Currencies at a Glance
- EUR/USD
- Moves up above pivot level 1.4665
12/04/2007 08:02 GMT - GBP/USD
- Moves up above opening price level 2.0657 , above pivot level 2.0620
12/04/2007 08:03 GMT - USD/CHF
- Moves down below pivot level 1.1277
12/04/2007 08:03 GMT - USD/JPY
- Moves down toward first support level 110.04
12/04/2007 08:03 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, Aspen Trading Group, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Dec 4 | 10:00 | Producer Price Index (MoM) | 0.4% | 0.4% |
| Dec 4 | 10:00 | Producer Price Index (YoY) | 3.0% | 2.7% |
EMU economic indicators - German industrial new orders and output in the producing sector probably deteriorated in October by BHF−Bank
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "Producer Prices are still rising, showing a dangerous trend as consumption continues to slow while prices keep on scaling higher. If that is confirmed by the PPI again, the ECB will have a tough task in calling for a rate decision in its next meeting." − FXstreet.com
Top Market Movers Review
Australia RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 4 | 00:30 | Retail Sales (MoM) | 0.2% | 0.6% | 0.8% |
DATA SNAP:Australian Oct Retail Sales Rise 0.2% Vs Sep (Dow Jones)
Australian retail sales rose a lower−than−expected 0.2% to a seasonally adjusted A$19.88 billion in October from A$19.84 billion in September and rose from A$18.51 billion a year earlier, the Australian Bureau of Statistics said Tuesday.
[ Full Story ]- Read the Retail Sales report at Australian Bureau of Statistics
- Australian October retail sales up 0.2 pct vs 0.6 pct consensus forecast rise (Thomson Financial News)
UK BRC RETAIL SALES MONITOR − ALL
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 4 | 00:00 | BRC Retail Sales Monitor − All (YoY) | 1.2% | - | 1.0% |
DATA SNAP: UK BRC Nov Retail Sales Weaker Than Expected (Dow Jones)
U.K. retail sales growth was significantly weaker than expected in November, adding to a raft of gloomy signals on consumer sentiment in recent weeks, the British Retail Consortium said Tuesday.
[ Full Story ]- Read the Retail Sales Monitor report at British Retail Consortium
- UK Nov like−for−like retail sales up 1.2 pct from previous year − BRC (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 4 | 00:00 | UK | BRC Retail Sales Monitor − All (YoY) (Nov) | 1.2% | 1.0% | |
| 00:30 | AU | Building Permits (MoM) (Oct) | -2.8% | -2.0% | 6.8% | |
| 00:30 | AU | Building Permits (YoY) (Oct) | -5.9% | 5.3% | 4.2% | |
| 00:30 | AU | Retail Sales (MoM) (Oct) | 0.2% | 0.6% | 0.8% | |
| 10:00 | EMU | Producer Price Index (MoM) (Oct) | 0.4% | 0.4% | ||
| 10:00 | EMU | Producer Price Index (YoY) (Oct) | 3.0% | 2.7% | ||
| 14:00 | CA | BoC Interest Rate Announcement | 4.5% | 4.5% | ||
| 22:00 | US | ABC Consumer Confidence (Dec 2) | -21 | |||
| 22:30 | AU | RBA Interest Rate Decision | 6.75% | 6.75% | ||
| Dec 5 | 00:01 | UK | Nationwide Consumer Confidence (Nov) | 94 | 98 | |