Monday, Dec 10, 08:15 GMT
EUROPEAN Trading Newsletter
To Get Started
- ECB and BoE - Review of Dec 6 meeting: BoE cuts 25bp, ECB unchanged by FXstreet.com
- LIVE Free-Access Day on Wednesday 12th - Check our schedule!
- 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. Monday Jekyll - Monday Hyde?
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Live Sessions Schedule
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Dec 10, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Dec 10, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| 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 |  |
| Mon, Dec 10, 14:00 GMT | FX Instructor Live Trading Room | Nader Moustafa | WBN |  |
Current Session: Europe
USD/JPY
Daily Forex Technical Report − Quiet Start to the Week, Markets in Tight Range by ActionForex.com
USD/JPY continues to press mentioned resistance zone of 111.76 near term resistance as well as inner falling trend line (now at 111.80) but fails to break through so far. Short term outlook is neutral at this moment as we'd still expect the corrective rise from 107.21 to be held at the current level.
- It does not smell good... 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 Technical Analysis − EUR/JPY: Unbelievable! We have absolutely nothing to add by Mizuho Corporate Bank
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.4642
12/10/2007 08:12 GMT - GBP/USD
- Trades above opening price level 2.0301 , above pivot level 2.0290
12/10/2007 08:12 GMT - USD/CHF
- Trades below pivot level 1.1296
12/10/2007 08:12 GMT - USD/JPY
- Trades around pivot level 111.54
12/10/2007 08:12 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 PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Cons. | Previous | |
| Dec 10 | 09:30 | Producer Price Index − Input (YoY) n.s.a | - | 8.6% |
| Dec 10 | 09:30 | Producer Price Index − Output (MoM) n.s.a | - | 0.6% |
| Dec 10 | 09:30 | Producer Price Index − Output (YoY) n.s.a | - | 3.8% |
| Dec 10 | 09:30 | Producer Price Index − Input (MoM) s.a | - | 1.8% |
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "With slowing growth concerns over UK, now the question in the region remains whether inflation will continue at high levels (thus adding pressure to the BoE) or not. The PPI data will shed some light to this question." − FXstreet.com
Top Market Movers Review
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 10 | 07:00 | Trade Balance | 18.7 | - | 18.1B |
| Dec 10 | 07:00 | Current Account | 13.7 | - | 15.4B |
DATA SNAP: German Oct Trade EUR18.7 Bln Vs Sep +EUR18.1 Bln (Dow Jones)
Germany's trade surplus rose more than expected in October, while its current account surplus was slightly lower than forecast by the market, data from the Federal Statistics Office showed Monday.
[ Full Story ]- Read the German exports in October 2007: +6.3% on October 2006 at German Statistics
- German Oct trade surplus 18.7 bln eur vs 18.1 bln in Sept (Thomson Financial News)
- German trade balance surplus widens in October (FXstreet.com)
Japan MONEY SUPPLY M2+CD
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 9 | 23:50 | Money Supply M2+CD (YoY) | 2.0% | 1.9% | 2.0% |
Japan Nov Money Supply Growth 2.0% Vs Oct 1.9% Growth (Dow Jones)
Japan's money supply, M2 plus certificate of deposits, grew 2.0% on year in November, slightly faster than October's 1.9% on−year rise, the Bank of Japan said Monday. The figure was also a tad faster than the 1.9% growth forecast on average by economists surveyed by Dow Jones and Nikkei.
[ Full Story ]- Read the Money Supply report at Bank of Japan
- Japan money supply rises 2 percent in November, better than forecast (Thomson Financial News)
- Japan November Money Supply Table Of Data (Dow Jones)
- Japan Outlook: Oct Machinery Orders, Economy Watchers Survey (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 9 | 23:50 | JP | Core Machinery Orders (MoM) | 12.7% | 6.1% | -7.6% |
| Dec 10 | 00:30 | AU | Home Loans | -0.7% | 1.0% | -2.4% |
| 07:00 | DE | Current Account | 13.7 | 15.4B | ||
| 07:00 | DE | Trade Balance | 18.7 | 18.1B | ||
| 09:30 | UK | Producer Price Index − Input (MoM) s.a | 1.8% | |||
| 09:30 | UK | Producer Price Index − Input (YoY) n.s.a | 8.6% | |||
| 09:30 | UK | Producer Price Index − Output (MoM) n.s.a | 0.6% | |||
| 09:30 | UK | Producer Price Index − Output (YoY) n.s.a | 3.8% | |||
| 13:15 | CA | Housing Starts (YoY) | 219K | |||
| 15:00 | US | Pending Home Sales (MoM) | 0.2% | |||