Tuesday, Dec 18, 08:31 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What Moves Currencies? − EUR watch
Expert: Tony Juste
Start: Tue, Dec 18, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Mihai Marinescu
Start: Tue, Dec 18, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Dec 18, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Dec 18, 11:00 GMT | What Moves Currencies? − EUR watch | Tony Juste | WBN | |
| Tue, Dec 18, 12:00 GMT | FX Instructor Live Trading Room | Mihai Marinescu | WBN | |
| Tue, Dec 18, 16:00 GMT | Trading with Autochartist | Raghee Horner | WBN |  |
Current Session: Europe
GBP/USD
Daily Technical Analysis − GBP: Lowest since September which must be a real blow to many by Mizuho Corporate Bank
Lowest since September which must be a real blow to many. The temptation to cut and run before Christmas must be too much. We see this drop as a good buying opportunity.
Strategy: Sell at 162.80/163.30; stop above 164.00. Short term target 162.00, then 161.00.
- Markets marking time, but... 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 Market Commentary − Monday saw the expected profit taking in dollars by Global Forex Trading
Daily Forex Commentary − Consumer Prices from Great Britain by Jyske Bank
Daily technical research − Euro printed a doji like bar on Monday by FX Instructor
Currencies at a Glance
- EUR/USD
- Continues to trade around pivot level 1.4394
12/18/2007 08:02 GMT - GBP/USD
- Continues to trade around pivot level 2.0178
12/18/2007 08:02 GMT - USD/CHF
- Continues to trade around pivot level 1.1513
12/18/2007 08:03 GMT - USD/JPY
- Back around pivot level 113.09
12/18/2007 08:05 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Dec 18 | 09:30 | Core Consumer Price Index (YoY) | 1.6% | 1.5% |
| Dec 18 | 09:30 | Consumer Price Index (YoY) | 2.2% | 2.1% |
| Dec 18 | 09:30 | Consumer Price Index (MoM) | 0.3% | 0.5% |
Friday Notes - Holiday Season: So−so sales anticipated by HVB Group
After having picked up in October, we expect CPI inflation to edge moderately up to 2.2% in November from the previous 2.1%. Skyrocketing oil prices should have in fact taken their toll on headline inflation, with the largest upward contribution coming from fuel costs.
[ Full Story ]Top Market Movers Review
US NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 17 | 18:00 | NAHB Housing Market Index | 19 | 19 | 19 |
US December NAHB homebuilders' confidence index at record low for third month (Thomson Financial News)
US homebuilders' view of their business prospects stayed as dismal in December as it has been for the previous two months, the National Association of Home Builders (NAHB) said today. The NAHB/Wells Fargo Housing Market Index (HMI) is at 19 for December, the same as in November and October, sitting at its record low since the survey began in 1985.
[ Full Story ]- Read the Housing Market Index report at NAHB website
- CURRENCIES: Dollar Erases Early Gains After Grim Home−builders Survey (Dow Jones)
- Builder confidence stuck at record low (Thomson Financial News)
- Out of the Gate: Builder Sentiment (Thomson Financial News)
US economic indicators - Housing market data will indicate ongoing weakness by BHF−Bank
Weekly Forex Research - How is residential construction developing in the US? by Jyske Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 18 | 02:00 | NZ | Business Confidence (Dec) | -24.9 | -19.6 | |
| 05:30 | JP | Nationwide Department Sales (YoY) (Nov) | 0.9% | -1.4% | ||
| 05:30 | JP | Tokyo Department Store Sales (YoY) (Nov) | 1.7% | 0.6% | ||
| 08:15 | CH | Adjusted Real Retail Sales (YoY) (Oct) | 2.2% | 5.1% | 7.1% | |
| 09:30 | UK | Consumer Price Index (MoM) (Nov) | 0.3% | 0.5% | ||
| 09:30 | UK | Consumer Price Index (YoY) (Nov) | 2.2% | 2.1% | ||
| 09:30 | UK | Core Consumer Price Index (YoY) (Nov) | 1.6% | 1.5% | ||
| 09:30 | UK | Retail Price Index (MoM) (Nov) | 0.3% | 0.4% | ||
| 09:30 | UK | Retail Price Index (YoY) (Nov) | 4.2% | 4.2% | ||
| 10:00 | EMU | Trade Balance s.a. (Nov) | €3.5B | €3.9B | ||