Monday, Dec 17, 08:23 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Dec 17, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Dec 17, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Dec 17, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Dec 17, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Dec 17, 14:00 GMT | FX Instructor Live Trading Room  | Nader Moustafa | WBN |  |
| Mon, Dec 17, 14:30 GMT | Interview with Drew Niv, CEO at FXCM | Drew Niv | WBN |  |
Current Session: Europe
EUR/USD:
Daily Technical Analysis − EUR: Clear−out time as the little ‘head−and−shoulders' pushes prices below trendline support by Mizuho Corporate Bank
Clear−out time as the little ‘head−and−shoulders' pushes prices below trendline support. The Euro is oversold and this year's high at 1.4968 will stay as a top for at least another month, maybe three. We feel that any drop towards 1.4100 is an excellent medium term buying opportunity for further US dollar weakness later next year.
- USD moves further, key daily levels come into play 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 − The Euro lost ground versus the US dollar by E−Forex
Daily Forex Commentary − Several Updates by Jyske Bank
Weekly Technical Strategist − EURUSD: Validates Its Head & Shoulders Pattern, Aims At The 1.4358 Level by FXTechstrategy
Currencies at a Glance
- EUR/USD
- Trades between pivot level 1.4498 and opening price level 1.4383
12/17/2007 08:02 GMT - GBP/USD
- Trades between pivot level 2.0257 and opening price level 2.0146
12/17/2007 08:03 GMT - USD/CHF
- Trades above pivot level 1.1492
12/17/2007 08:03 GMT - USD/JPY
- Trades around pivot level 113.02
12/17/2007 08:04 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 PMI MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Dec 17 | 09:00 | PMI Manufacturing | 52.6 | 52.8 |
Friday Notes - Holiday Season: So−so sales anticipated by HVB Group
The November data surprised on the upside and showed the first increase after four consecutive declines. We suspect that was mainly a technical rebound, and momentum will not be sustained given that currency appreciation and tighter credit standards have not yet fully displayed their nasty effects.
[ Full Story ]- OUTLOOK German Ifo, euro zone PMIs seen falling further (Thomson Financial News)
Top Market Movers Review
UK RIGHTMOVE HOUSE PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 17 | 00:01 | Rightmove House Price Index (YoY) | 4.8% | - | 7.9% |
| Dec 17 | 00:01 | Rightmove House Price Index (MoM) | -3.2% | - | -0.7% |
Rightmove: UK Annual House Price Growth At 21−Month Low (Dow Jones)
U.K. house prices slumped for the second month in a row in December, with the annual measure hitting a 21−month low, as seasonal factors added to other financial concerns facing the market, U.K. online estate agent Rightmove said Monday. House prices in mid−December were 3.2% lower on the month, the sharpest monthly decline since the series began in January 2002. On the year, prices rose 4.8%, the weakest annual increase since April 2006.
[ Full Story ]- Read the House Price Index report at Rightmove website
- UK Dec house prices slump 3.2 pct from Nov − Rightmove (Thomson Financial News)
Japan TERTIARY INDUSTRY INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 16 | 23:50 | Tertiary Industry Index (MoM) | 1.1% | 1.2% | -1.6% |
Japan October tertiary index up 1.1 pct on weak clothing sales (Thomson Financial News)
Japan's tertiary index, which measures spending in the services sector, rose 1.1 percent in October from the previous month as the cold weather buoyed spending on winter clothing, the Ministry of Economy, Trade and Industry said on Monday. The index stood at 110.4 in October, below the record 111.2 in August. The tertiary index fell 1.8 percent in September from the previous month.
[ Full Story ]- Read the Tertiary Industry Index report at Japan Ministry of Economy, Trade and Industry
- Japan's October tertiary index up 1.1 pct on brisk demand for software − UPDATE (Thomson Financial News)
- Japan Outlook: October Tertiary Activity Index (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 17 | 00:01 | UK | Rightmove House Price Index (YoY) | 4.8% | 7.9% | |
| 05:00 | JP | Leading Economic Index | 18.2 | 0.0 | ||
| 08:15 | CH | Industrial Production (QoQ) | 6.7% | |||
| 08:15 | CH | Industrial Production (YoY) | 10.7% | 9.8% | ||
| 09:00 | EMU | PMI Manufacturing (Dec) | 52.6 | 52.8 | ||
| 09:00 | EMU | Purchasing Manager Index Services (Dec)  | 54.0 | 54.1 | ||
| 13:30 | CA | Canadian Investment in Foreign Securities | $4.51B | |||
| 13:30 | US | Current Account | -$183B | -$191B | ||
| 13:30 | CA | Foreign investment in Canadian securities | -$5.21B | |||
| 13:30 | US | NY Empire State Manufacturing Index | 27.37 | |||