Friday, Dec 07, 08:24 GMT
EUROPEAN Trading Newsletter
To Get Started
- Special Webinar: Trade Non-Farm Payrolls Live with Wayne McDonell - Dec. 7
- 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. Let the clouds disappear.
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Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 19th Edition
Expert: Wayne McDonell
Start: Fri, Dec 7, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Dec 10, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Dec 7, 13:00 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 19th Edition | Wayne McDonell | WBN | |
| Mon, Dec 10, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Dec 10, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Dec 10, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
Current Session: Europe
EUR/USD
Daily Technical Analysis − EUR: Looking rather top−heavy with a small potential head−and−shoulders top by Mizuho Corporate Bank
Looking rather top−heavy with a small potential head−and−shoulders top. This at year−end will probably tempt some to cut and run. We remind that medium and long term we see all dips towards 1.4000/1.4200 as a buying opportunity.
- 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:
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Daily Market Commentary − The dollar gave back its early gains versus the GBP and CHF by Global Forex Trading
Currencies at a Glance
- EUR/USD
- Moves down around pivot level 1.4604
12/07/2007 07:57 GMT - GBP/USD
- Continues to trade below pivot level 2.0257
12/07/2007 07:58 GMT - USD/CHF
- Moves up above pivot level 1.1304
12/07/2007 07:58 GMT - USD/JPY
- Continues to trade around opening price level 111.25 , above pivot level 111.14
12/07/2007 07:59 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
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Dec 7 | 11:00 | Industrial Production s.a. (MoM) | -0.5% | 0.3% |
| Dec 7 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | 5.9% | 6.0% |
EMU economic indicators - German industrial new orders and output in the producing sector probably deteriorated in October by BHF−Bank
German industrial new orders and output in the German producing sector probably suffered setbacks in October, as most of the correlated indicators in the Ifo business climate index and the RBS PMI manufacturing index for Germany deteriorated.
[ Full Story ]Top Market Movers Review
Japan GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 6 | 23:50 | Gross Domestic Product Deflator (YoY) | -0.4% | - | -0.3% |
| Dec 6 | 23:50 | Gross Domestic Product Annualized | 1.5% | - | -1.2% |
| Dec 6 | 23:50 | Gross Domestic Product (QoQ) | 0.4% | - | -0.3% |
Overnight Briefing: Far East Timezone - Japan 3rd Quarter Growth Revised Down On Soft Capex by Jyske Bank
Japan's revised down third−quarter growth on Friday, surprising markets that had expected an upward revision, prompting many to suggest it might now be late next year before the Bank of Japan can raise rates.
[ Full Story ]- Read the Gross Domestic Product report at Japan Cabinet Office
- Japan economy grows at slower pace in Q3 on smaller capex; risks ahead − UPDATE2 (Thomson Financial News)
- Japanese govt bonds end morning mixed on weak Treasury market, revised Q3 GDP (Thomson Financial News)
- Japan's economy grows at slower pace in Q3 on smaller capital spending − UPDATE (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 6 | 23:50 | JP | Gross Domestic Product (QoQ) (3Q) | 0.4% | -0.3% | |
| 23:50 | JP | Gross Domestic Product Annualized (3Q) | 1.5% | -1.2% | ||
| Dec 7 | 00:01 | UK | NIESR GDP Estimate (QoQ) (Nov) | 0.6% | 0.7% | |
| 05:30 | AU | Foreign Reserves (Nov) | 32.7B | 36.0B | ||
| 11:00 | DE | Industrial Production s.a. (MoM) (Oct) | -0.5% | 0.3% | ||
| 11:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Oct) | 5.9% | 6.0% | ||
| 12:00 | CA | Net Change in Employment (Nov) | 15K | 63K | ||
| 12:00 | EMU | OECD Euro Zone Leading Indicator Index (Oct) | 98.3 | |||
| 12:00 | CA | Unemployment Rate (Nov) | 5.9% | 5.8% | ||
| 13:30 | US | Average Hourly Earnings (MoM) (Nov) | 0.3% | 0.2% | ||