Thursday, Dec 06, 08:29 GMT
EUROPEAN Trading Newsletter
To Get Started
- Special Webinar: Trade Non-Farm Payrolls Live with Wayne McDonell - Dec. 7
- ECB and BoE - Preview of Dec 6 meeting by FXstreet.com
- Brand new Futures Quotes & Charts available
- NEW Webinar Video: Building a Trading System in the Forex by John Jagerson
- The Advisor Blog: At the Open. Show me the money.
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Live Sessions Schedule
What Moves Currencies? − Preview of the ECB Rate Decision
Expert: Tony Juste
Start: Thu, Dec 6, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Technical Briefing
Expert: Dan Blystone
Start: Thu, Dec 6, 14:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Dec 6, 11:00 GMT | What Moves Currencies? − Preview of the ECB Rate Decision | Tony Juste | WBN | |
| Thu, Dec 6, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Thu, Dec 6, 14:30 GMT | Weekly Technical Briefing | Dan Blystone | WBN | |
| Thu, Dec 6, 15:00 GMT | Technical Analysis Q&A | Tony Juste | WBN | |
Current Session: Europe
USD/CHF
Daily Market Commentary − Dollar/Swiss franc by Global Forex Trading
Dollar/Swiss franc remained sidelined in an inside range. Expect sideways trading today as well. Immediate support remains at 1.2430. Below 1.2374 there is another peg at 1.2325. Distant support is seen at 1.2275. Initial resistance is at 1.2546. Above it, resistance remains at 1.2660 from the target of a bull flag.
- Technical Trigger: GBP/USD 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:
Forex Technical Analysis − EUR/USD: (1.4604) Currently back in bullish Flag from 1.4968 by KBC Bank
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Currency Majors Technical Analysis by Mataf.net
Currencies at a Glance
- EUR/USD
- Moves down toward first support level 1.4545
12/06/2007 07:59 GMT - GBP/USD
- Moves down below opening price level 2.0263 , below pivot level 2.0375
12/06/2007 07:59 GMT - USD/CHF
- Moves up toward first resistant level 1.1322
12/06/2007 07:59 GMT - USD/JPY
- Continues to trade around opening price level 110.86 , above pivot level 110.52
12/06/2007 08:00 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
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Dec 6 | 09:30 | Industrial Production (YoY) | 0.7% | -0.2% |
| Dec 6 | 09:30 | Industrial Production (MoM) | 0.2% | -0.4% |
Friday Notes - Outlook 2008 – Gloom but no Doom by HVB Group
After a disappointing September reading, we expect industrial production growth to remain sluggish in the months to come, consistent with the deterioration in the manufacturing PMI.
[ Full Story ]Top Market Movers Review
Japan LEADING ECONOMIC INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 6 | 05:00 | Coincident Index | 66.7% | 66.7% | 60.0% |
| Dec 6 | 05:00 | Leading Economic Index | 20 | 20 | 0 |
Japan Oct Leading Indicators 20.0; Coincident 66.7 (Dow Jones)
Japan's index of leading economic indicators stood at 20.0 in October, below the boom−or−bust threshold of 50.0 for the third straight month, the government said Thursday. The result matched the average forecast of economists surveyed by Dow Jones Newswires and Nikkei News. The index stood at 0.0 in September and a revised 33.3 in August.
[ Full Story ]- Read the Leading Economic Index report at Japan Cabinet Office
- Japan October Leading Indicators Table Of Data (Dow Jones)
New Zealand RBNZ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 5 | 20:00 | RBNZ Interest Rate Decision | 8.25% | 8.25% | 8.25% |
New Zealand's central bank leaves interest rates on hold (Thomson Financial News)
New Zealand's central bank left interest rates on hold Thursday but warned that worse than expected inflationary pressures meant rates were unlikely to be cut in the short term. Reserve Bank of New Zealand governor Alan Bollard said the official cash rate would remain at 8.25 percent, one of the highest official rates in the developed world.
[ Full Story ]- Read the Interest Rate report at Reserve Bank of New Zealand
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 6 | 05:00 | JP | Leading Economic Index (Oct)  | 20 | 20 | 0 |
| 06:00 | JP | Machine Tool Orders (YoY) (Nov) | 13.0 | 16.6 | ||
| 06:45 | CH | Unemployment Rate (Nov) | 2.7% | 2.6% | 2.6% | |
| 06:45 | CH | Unemployment Rate s.a. (Nov) | 2.6% | 2.6% | 2.6% | |
| 09:30 | UK | Industrial Production (MoM) (Oct) | 0.2% | -0.4% | ||
| 09:30 | UK | Industrial Production (YoY) (Oct) | 0.7% | -0.2% | ||
| 09:30 | UK | Manufacturing Production (MoM) (Oct) | 0.2% | -0.6% | ||
| 09:30 | UK | Manufacturing Production (YoY) (Oct) | 0.4% | -0.1% | ||
| 11:00 | DE | Factory Orders n.s.a. (YoY) (Oct) | 6.2% | 1.1% | ||
| 11:00 | DE | Factory Orders s.a. (MoM) (Nov) | 0.9% | -2.5% | ||