Friday, Dec 21, 08:32 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What Moves Currencies? − Weekly Wrap−Up
Expert: Tony Juste
Start: Fri, Dec 21, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
The Numbers Method : The easy way to trade with new entries method
Expert: Flávio Lemos
Start: Fri, Dec 21, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Dec 21, 11:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN | |
| Fri, Dec 21, 12:00 GMT | The Numbers Method : The easy way to trade with new entries method | Flávio Lemos | WBN |  |
| Mon, Dec 24, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Thu, Dec 27, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − The Euro declined versus the US dollar by E−Forex
The Euro declined versus the US dollar on yesterday reaching lows in the 1.4310 area then recovered, aiming towards the 1.4370 zone. Support is now formed at 1.4365 backed by 1.4330 and 1.4300. Resistance starts at 1.4400 followed by 1.4425 and 1.4455. Daily sentiment is bearish while the hourly studies are bullish at the time of this writing.
- Are you bullish Gold? 2 reasons why you should... 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:
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Daily Market Commentary − The dollar rallied versus the European currencies on Thursday by Global Forex Trading
Currency Majors Technical Analysis − 1,4367. EUR USD is in an downtrend by Mataf.net
Currencies at a Glance
- EUR/USD
- Continues to move up above first resistant level 1.4377
12/21/2007 07:55 GMT - GBP/USD
- Continues to trade around pivot level 1.9879
12/21/2007 07:55 GMT - USD/CHF
- Continues to move down below second support level 1.1523
12/21/2007 07:56 GMT - USD/JPY
- Continues to trade around pivot level 113.11
12/21/2007 07:56 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, 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 INDUSTRIAL NEW ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Dec 21 | 10:00 | Industrial New Orders (YoY) | 6.5% | 2.0% |
| Dec 21 | 10:00 | Industrial New Orders s.a. (MoM) | 2.0% | -1.6% |
EMU economic indicators - RBS PMI manufacturing index for the EMU is likely to decrease in December by BHF−Bank
EMU industrial new orders are expected to have rebounded too in October, just like the corresponding German figure.
[ Full Story ]Top Market Movers Review
Germany IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 21 | 07:00 | Import Price Index (MoM) | 0.7% | 0.5% | 0.7% |
| Dec 21 | 07:00 | Import Price Index (YoY) | 3.5% | 3.3% | 2.3% |
German PPI posts the largest year on year jump of the last 14 months in November (FXstreet.com)
The index of imported prices has increased 3.5% year on year in November, the highest jump since the 3.7% posted in September 2006, according to the German statistics office, Destatis, an increase substantially larger than the 1.3% and 2.3% posted in October and September.
[ Full Story ]- Read the Import prices in November 2007 data at German Statistics
- German Nov import prices up 0.7 pct vs Oct; up 3.5 pct year−on−year (Thomson Financial News)
- Germany Import Price Index rise 0.7% in Nov; 3.5% up on the year (FXstreet.com)
New Zealand GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 20 | 21:45 | Gross Domestic Product (QoQ) | 0.5% | 0.4% | 0.7% |
Overnight Briefing: Far East Timezone - New Zealand growth slows in Q3 by Jyske Bank
New Zealand's economic growth slowed in the third quarter as high interest rates hit consumer spending, but analysts said the central bank would take little comfort, given concerns over rising inflation pressures.
[ Full Story ]- Read the Gross Domestic Product report at Statistics New Zealand
- New Zealand's Q3 GDP up 0.5 pct quarter−on−quarter, 2.7 pct year−on−year (Thomson Financial News)
Morning Report - The New Zealand dollar again held to a tight range overnight by Westpac Institutional Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 20 | 21:45 | NZ | Gross Domestic Product (QoQ) (3Q) | 0.5% | 0.4% | 0.7% |
| 23:00 | AU | Conference Board Australia Leading Index (Oct) | 0.9% | 0.5% | ||
| Dec 21 | 07:00 | DE | Import Price Index (MoM) (Nov) | 0.7% | 0.5% | 0.7% |
| 07:00 | DE | Import Price Index (YoY) (Nov) | 3.5% | 3.3% | 2.3% | |
| 09:00 | EMU | Current Account s.a (Oct) | 1.8B | 0.6B | ||
| 09:30 | UK | Retail Sales (MoM) (Nov) | 0.2% | -0.1% | ||
| 09:30 | UK | Retail Sales (YoY) (Nov) | 4.4% | 4.4% | ||
| 10:00 | EMU | Industrial New Orders (YoY) (Nov) | 6.5% | 2.0% | ||
| 10:00 | EMU | Industrial New Orders s.a. (MoM) (Oct) | 2.0% | -1.6% | ||
| 13:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Nov) | 0.2% | 0.2% | ||