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EUROPEAN Trading Newsletter
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Live Sessions Schedule
What Moves Currencies? − Weekly Wrap−Up
Expert: Tony Juste
Start: Fri, Dec 14, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Advanced Fibonacci Techniques
Expert: Adam Rosen
Start: Fri, Dec 14, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Dec 13, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Fri, Dec 14, 11:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN | |
| Fri, Dec 14, 12:00 GMT | Advanced Fibonacci Techniques  | Adam Rosen | WBN |  |
| Fri, Dec 14, 15:00 GMT | Live Trading | Tony Juste | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − The Euro declined on yesterday versus the greenback by E−Forex
The Euro (EUR) eased versus the dollar on buoyant data out of the U.S. Overall the EURUSD traded with a low of 1.4577 and a high of 1.4737 before closing the day at 1.4620 in the New York session. Looking ahead the HICP data out of the Eurozone will be key what is widely viewed as a hawkish ECB.
- EUR/USD intraday Fibos 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: Hovering at the top of the Ichimoku ‘cloud' by Mizuho Corporate Bank
Daily Market Commentary − Confusion continued to rain in the European and the commodity currencies by Global Forex Trading
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Continues to trade around opening price level 1..4632 , below pivot level 1.4648
12/14/2007 07:59 GMT - GBP/USD
- Continues to trade around pivot level 2.0413
12/14/2007 08:00 GMT - USD/CHF
- Continues to trade around opening price level 1.1410 , above pivot level 1.1386
12/14/2007 08:01 GMT - USD/JPY
- Trades below first resistant level 112.65
12/14/2007 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
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Dec 14 | 10:00 | Consumer Price Index (YoY) | 3.0% | 2.6% |
| Dec 14 | 10:00 | Consumer Price Index (MoM) | 0.5% | 0.5% |
| Dec 14 | 10:00 | Consumer Price Index − Core (YoY) | 2.0% | 1.9% |
EMU economic indicators - German ZEW economic sentiment is expected to decline in December by BHF−Bank
HICP inflation in the euro area is likely to be confirmed at 3.0% yoy for November.
[ Full Story ]Top Market Movers Review
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 14 | 07:00 | Consumer Price Index (YoY) | 3.1% | 3.0% | 2.4% |
| Dec 14 | 07:00 | Consumer Price Index (MoM) | 0.5% | 0.4% | 0.2% |
DATA SNAP:German Nov Inflation Revised Up;Highest Since 1994 (Dow Jones)
Germany's November annual inflation rate was at its highest level since January 1994, buoyed by rising energy and food prices, latest figures from the national statistics office showed Friday.
[ Full Story ]- Read the Consumer prices in November 2007 at German Statistics
- UPDATE: German Nov Inflation Revised Up; Highest Since 1994 (Dow Jones)
- German Nov final CPI up 0.5 pct vs Oct, up 3.1 pct yr−on−yr (Thomson Financial News)
- German CPI rises above expectations in November on fuel and food prices (FXstreet.com)
Japan TANKAN LARGE MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 13 | 23:50 | Tankan Large All Industry Capex | 0.0% | 9.0% | 8.7% |
| Dec 13 | 23:50 | Tankan Non − Manufacturing Index | 16 | 18 | 20 |
| Dec 13 | 23:50 | Tankan Non − Manufacturing Outlook | 15 | 17 | 21 |
| Dec 13 | 23:50 | Tankan Large Manufacturing Index | 19 | 21 | 23 |
DATA SNAP: BOJ Dec Tankan Sentiment DI Weaker Than Expected (Dow Jones)
Managers at large−scale Japanese companies were less optimistic about business conditions in December than they were three months ago, the Bank of Japan's "tankan" survey showed Friday. The central bank's quarterly survey of corporate sentiment showed that the headline diffusion index for large manufacturers worsened to 19 in December from 23 in the September survey.
[ Full Story ]- Read the Tankan Outline report at Bank of Japan
- Forex − Dollar slightly higher vs yen after Japan's business confidence slips (Thomson Financial News)
- Japanese business confidence falls in fourth quarter on cost fears (Thomson Financial News)
- BoJ Tankan − Dec large manufacturers sales price index plus 3 vs plus 2 (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 13 | 23:50 | JP | Tankan Non − Manufacturing Index (4Q) | 16 | 18 | 20 |
| 23:50 | JP | Tankan Non − Manufacturing Outlook (4Q) | 15 | 17 | 21 | |
| Dec 14 | 07:00 | DE | Consumer Price Index (MoM) (Nov) | 0.5% | 0.4% | 0.2% |
| 07:00 | DE | Consumer Price Index (YoY) (Nov) | 3.1% | 3.0% | 2.4% | |
| 10:00 | EMU | Consumer Price Index − Core (YoY) (Nov) | 2.0% | 1.9% | ||
| 10:00 | EMU | Consumer Price Index (MoM) (Nov) | 0.5% | 0.5% | ||
| 10:00 | EMU | Consumer Price Index (YoY) (Nov) | 3.0% | 2.6% | ||
| 13:30 | US | Consumer Price Index (MoM) (Nov) | 0.6% | 0.3% | ||
| 13:30 | US | Consumer Price Index (YoY) (Nov) | 4.1% | 3.5% | ||
| 13:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Nov) | 0.2% | 0.2% | ||