Thursday, Dec 13, 08:17 GMT
EUROPEAN Trading Newsletter
To Get Started
- Fed - Dec 11 Meeting: 25bp rate cut by FXstreet.com
- Brand new Futures Quotes & Charts available
- NEW Webinar Video: Main technical theme in the currency market by Jamie Saettele
- The Advisor Blog: At the Open. What's in the menu for today?
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Live Sessions Schedule
What Moves Currencies? − Carry Trade Focus
Expert: Tony Juste
Start: Thu, Dec 13, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Dec 13, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Dec 13, 11:00 GMT | What Moves Currencies? − Carry Trade Focus | Tony Juste | WBN | |
| Thu, Dec 13, 15:00 GMT | Technical Analysis Q&A  | Tony Juste | WBN |  |
| Thu, Dec 13, 16:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
| Thu, Dec 13, 17:00 GMT | Trading with Tom Flora | Tom Flora | WBN | |
Current Session: Europe
USD/JPY
Daily Technical Analysis − A bigger daily range in an increasingly thin market by Mizuho Corporate Bank
A bigger daily range in an increasingly thin market. We continue to watch for signs of topping in the 112.00 area. We urge caution as financial instability is likely to increase rather than decrease as we move through year−end.
- Technical Trigger: EUR/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 Forex Commentary − Liquidity Injection from Central Banks by Jyske Bank
Market Session Recaps − Asia Session by FOREX.com
Forex Technical Analysis − EUR/USD: (1.4720) Above bullish Flag from 1.4968 by KBC Bank
Currencies at a Glance
- EUR/USD
- Continues to trade above opening price level 1.4704 , above pivot level 1.4702
12/13/2007 08:04 GMT - GBP/USD
- Moves down below pivot level 2.0462
12/13/2007 08:06 GMT - USD/CHF
- Moves down toward first support level 1.1280
12/13/2007 08:06 GMT - USD/JPY
- Moves down below pivot level 111.78
12/13/2007 08:07 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 ECB PUBLISHES MONTHLY REPORT
| Date (GMT) | Event | Cons. | Previous | |
| Dec 13 | 09:00 | ECB Publishes Monthly Report | - | - |
Daily Technical Strategist - EURUSD: Break Of The 1.4751 Level Required To Open Up Risk Towards The 1.4967 by FXTechstrategy
[ Full Story ]- ECB to provide US dollar funding to money market (Thomson Financial News)
- Tony Juste, FX Advisor at FXstreet.com: "It will be very interesting to see what is the tone that the ECB uses this time in its monthly report with respect to the economy and the interest rate outlook. With the clear dilemma on the table whether to respond to inflation or growth, this report may gives us an idea of what the central ban might do next, I believe it is a good event to monitor." − FXstreet.com
Top Market Movers Review
Japan INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 13 | 04:30 | Industrial Production (MoM) | 1.7% | - | -1.4% |
| Dec 13 | 04:30 | Industrial Production (YoY) | 4.7% | - | 0.8% |
| Dec 13 | 04:30 | Capacity Utilization | 110.2 | - | 108.6 |
Japan's industrial output up 1.7 percent in October, better than initial reading (Thomson Financial News)
Japan's industrial output rose a seasonally−adjusted 1.7 percent in October from September, faster than the initial estimate of a 1.6 percent increase, according to data released by the government on Thursday. Shipments rose 2.4 percent in October compared to the preliminary reading of a 2.1 percent rise, said the Ministry of Economy, Trade and Industry.
[ Full Story ]- Read the Industrial Production report at Japan Ministry of Economy, Trade and Industry
- Japan Outlook: Revised Indus Production, BOJ Iwata Speaks (Dow Jones)
Australia UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 13 | 00:30 | Unemployment Rate | 4.5% | - | 4.3% |
| Dec 13 | 00:30 | Employment Change | 52.6K | - | 12.9K |
DATA SNAP: Australian Nov Unemployment Rate 4.5% (Dow Jones)
Australia's unemployment rate rose to a worse−than−expected seasonally adjusted 4.5% in November from 4.4% in October. The number of employed rose 52,600, the Australian Bureau of Statistics said Thursday. Economists on average had expected an unemployment rate of 4.3% in November, with the number of employed up 20,000.
[ Full Story ]- Read the Labour Force report at Australian Bureau of Statistics
- Australia's Nov unemployment rate 4.5 percent vs 4.3 percent consensus forecast (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 13 | 04:00 | JP | Tokyo Condominium Sales (YoY) (Nov) | -43.6% | -9.1% | |
| 04:30 | JP | Capacity Utilization (Oct) | 110.2 | 108.6 | ||
| 04:30 | JP | Industrial Production (MoM) (Oct) | 1.7% | -1.4% | ||
| 04:30 | JP | Industrial Production (YoY) (Oct) | 4.7% | 0.8% | ||
| 08:30 | CH | SNB Interest Rate Decision | 2.75% | 2.75% | ||
| 09:00 | EMU | ECB Publishes Monthly Report | ||||
| 11:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Dec) | 8% | |||
| 13:30 | US | Continuing Jobless Claims (Dec 1) | 2599K | |||
| 13:30 | US | Initial Jobless Claims (Dec 8) | 338K | |||
| 13:30 | CA | Manufacturing Sales (MoM) (Oct) | -1.5% | -0.9% | ||