Wednesday, Dec 19, 08:20 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Wed, Dec 19, 10:00 GMT
Type of Session: Webinar
What Moves Currencies? − How's the carry trade doing?
Expert: Tony Juste
Start: Wed, Dec 19, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Dec 19, 10:00 GMT | Tracking the forex market together / Part I  | Dr.S.Sivaraman | WBN |  |
| Wed, Dec 19, 11:00 GMT | What Moves Currencies? − How's the carry trade doing? | Tony Juste | WBN | |
| Wed, Dec 19, 12:00 GMT | FX Instructor Live Trading Rooms | Sunil Mangwani | WBN |  |
| Wed, Dec 19, 14:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN |  |
Current Session: Europe
EUR/USD
Currency Majors Technical Analysis − 1,4390. EUR USD is in an downtrend by Mataf.net
1,4390. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum.
- Suspicious USD rally ahead of bullish triggers... 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:
Wakeup Call on Forex Markets − ECB Liquidity Infusion Opening Up For Jolly Holidays by Saxo Bank
Daily Technical Analysis − EUR: Consolidating in a tiny ‘triangle' after Friday's relatively big sell off by Mizuho Corporate Bank
Daily Market Commentary − Monday saw the expected profit taking in dollars by Global Forex Trading
Currencies at a Glance
- EUR/USD
- Moves down toward first support level 1.4373
12/19/2007 08:00 GMT - GBP/USD
- Back above first support level 2.0095
12/19/2007 08:05 GMT - USD/CHF
- Moves up toward second resistant level 1.1564
12/19/2007 08:06 GMT - USD/JPY
- Trades around pivot level 113.23
12/19/2007 08:06 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 IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Dec 19 | 09:00 | IFO − Business Climate | 103.8 | 104.2 |
OUTLOOK German Ifo, euro zone PMIs seen falling further (Thomson Financial News)
The key Ifo survey of the German business climate, due for release on Wednesday, will provide the focus of the week in terms of euro zone data out this week.
[ Full Story ]Top Market Movers Review
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 19 | 07:00 | Producer Price Index (MoM) | 0.8% | 0.4% | 0.4% |
| Dec 19 | 07:00 | Producer Price Index (YoY) | 2.5% | 2.1% | 1.7% |
German PPI, 0.8% up in November; twice as expected (FXstreet.com)
Producer prices have increased twice as much as expected month on month in November, according to data released by Destatis, the German statistics office.
[ Full Story ]- Read the Producer prices November 2007 data at German Statistics
- DATA SNAP: German Nov PPI +0.8% MM, +2.5% YY (Dow Jones)
- German Nov PPI up 0.8 pct from Oct, up 2.5 pct yr−on−yr (Thomson Financial News)
Japan ALL INDUSTRY ACTIVITY INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 18 | 23:50 | All Industry Activity Index (MoM) | 1.2% | 1.1% | -1.6% |
Japan's all−industries index up 1.2 percent in October (Thomson Financial News)
Japan's all−industries index, which covers a broad range of economic activity including spending in the services sector, rose a seasonally adjusted 1.2 percent in October from September, the Ministry of Economy, Trade and Industry said Wednesday. The rise, the first in two months and the sixth in the past 14 months, was due to an upturn in the tertiary index, which measures spending in the services sector and industrial output, the ministry said.
[ Full Story ]- Read the All Industry Activity Index report at Japan Ministry of Economy, Trade and Industry
- Japan Outlook:BOJ Mtg;Oct All Industries;Honda CEO,Sharp CEO (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 18 | 23:30 | AU | Westpac Leading Index (MoM) (Oct) | 0.5% | 5.8% | |
| 23:50 | JP | All Industry Activity Index (MoM) (Oct) | 1.2% | 1.1% | -1.6% | |
| Dec 19 | 07:00 | DE | Producer Price Index (MoM) (Nov) | 0.8% | 0.4% | 0.4% |
| 07:00 | DE | Producer Price Index (YoY) (Nov) | 2.5% | 2.1% | 1.7% | |
| 09:00 | DE | IFO − Business Climate (Dec) | 103.8 | 104.2 | ||
| 09:00 | DE | IFO − Expectations (Dec) | 98.0 | 98.3 | ||
| 09:30 | UK | Bank of England Minutes | ||||
| 11:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Dec) | 13 | |||
| 12:00 | US | MBA Mortgage Applications (Dec 14) | 14.2% | |||
| 13:30 | CA | Wholesale Sales (MoM) (Oct) | 0.2% | 1.1% | ||