Tuesday, Dec 11, 08:37 GMT
EUROPEAN Trading Newsletter
To Get Started
- Central Banks: Fed - Dec 11 Meeting Preview 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. By the neck.
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Live Sessions Schedule
What Moves Currencies?
Expert: Tony Juste
Start: Tue, Dec 11, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Mihai Marinescu
Start: Tue, Dec 11, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Dec 11, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Dec 11, 11:00 GMT | What Moves Currencies? | Tony Juste | WBN | |
| Tue, Dec 11, 12:00 GMT | FX Instructor Live Trading Room | Mihai Marinescu | WBN | |
| Tue, Dec 11, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
Current Session: Europe
GBP/USD
Daily Market Commentary − The dollar slipped versus the euro and the pound by Global Forex Trading
Sterling/dollar rallied on Monday following the UK inflation report. It should now consolidate ahead of the Fed report. Immediate resistance is still seen at 2.0505. The next level is at 2.0585. Distant resistance comes at 2.0833. Initial support is now seen at 2.0430. Below 2.0340, there is distant support at 2.0183.
- How the market behaves... 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
Daily Forex Commentary − FOMC Monetary Policy Meeting by Jyske Bank
Daily Forex Technical Report − Carry Trades Gain ahead of Fed Rate Cut by ActionForex.com
Currencies at a Glance
- EUR/USD
- Moves up toward first resistant level 1.4751
12/11/2007 08:00 GMT - GBP/USD
- Moves up toward first resistant level 2.0536
12/11/2007 08:01 GMT - USD/CHF
- Moves down below pivot level 1.1272
12/11/2007 08:02 GMT - USD/JPY
- Trades above opening price level 111.68 , above pivot level 111.64
12/11/2007 08:02 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 ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Dec 11 | 10:00 | ZEW Survey − Economic Sentiment | -34.5 | -32.5 |
EMU economic indicators - German ZEW economic sentiment is expected to decline in December by BHF−Bank
In December, German ZEW economic sentiment is expected to continue its decline, but at a decreasing rate.
[ Full Story ]Top Market Movers Review
Japan CONSUMER CONFIDENCE HOUSEHOLDS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 11 | 05:00 | Consumer Confidence Households | 39.8 | 43.0 | 42.8 |
Japan Govt: Consumer Sentiment Worsened In Nov To 4−Year Low (Dow Jones)
Consumer sentiment in Japan worsened to a four−year low in November, the government said Tuesday. The index for the Cabinet Office's consumer confidence survey, which measures consumers' economic outlook for the coming six months, deteriorated for the second straight month to 39.8 in November. That is the most pessimistic reading since December 2003, when the index stood at 39.2.
[ Full Story ]- Read the Consumer Confidence report at Japan Cabinet Office
- Japanese November consumer confidence slips to fresh four year low (Thomson Financial News)
Australia NATIONAL AUSTRALIA BANK'S BUSINESS CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 11 | 00:30 | National Australia Bank's Business Confidence | 6 | - | 9 |
Australia's Nov business confidence index down 3 points from Oct − NAB − UPDATE (Thomson Financial News)
National Australia Bank Ltd said Tuesday its business confidence index fell 3.0 points to a reading of 6.0 points in November from October. Confidence was eroded by rising interest rates and turmoil in global credit markets, it said.
[ Full Story ]- Read the Business Survey report at National Australia Bank
- Australia's November business confidence index falls 3 points from October − NAB (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 11 | 00:30 | AU | National Australia Bank's Business Confidence (Nov) | 6 | 9 | |
| 05:00 | JP | Consumer Confidence Households (Nov) | 39.8 | 43.0 | 42.8 | |
| 07:00 | AU | RBA's Governor Glenn Stevens Speaks | ||||
| 09:30 | UK | Total Trade Balance (Oct) | -4.6 | -5.1B | ||
| 10:00 | DE | ZEW Survey − Economic Sentiment (Dec) | -34.5 | -32.5 | ||
| 10:00 | EMU | ZEW Survey − Economic Sentiment (Dec) | -35 | -30 | ||
| 15:00 | US | Wholesale Inventories (Oct) | 0.5% | 0.8% | ||
| 19:15 | US | Fed Interest Rate Decision | 4.25% | 4.50% | ||
| 22:00 | US | ABC Consumer Confidence (Dec 9) | -20 | -24 | ||
| 23:30 | AU | Westpac Consumer Confidence (Dec) | -4.2% | |||