Friday, Dec 28, 09:09 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
US Pre−Market Open
Expert: Ed Ponsi
Start: Fri, Dec 28, 13:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jan 2, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Dec 28, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Dec 28, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Jan 2, 13:00 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Jan 2, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Daily Market Commentary − The dollar sank versus the European currencies on Wednesday by Global Forex Trading
The dollar sank versus the European currencies on Wednesday, but consolidated quietly against the yen. Now that Europe has returned to trade, expect sideways to lower trading for the US currency. Keep an eye on the US confidence report today and the new homes sales on Friday.
- EUR/JPY back in form (?) On 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 Forex Outlook − Pakistan Opposition Leader Bhutto Assassinated. Heavy data for Japan by Easy Forex
Market Session Snap−Shot − Asian Session− BoJ Nov. Minutes by ACM − Advanced Currency Markets
Currencies at a Glance
- EUR/USD
- Moves up toward first resistant level 1.4686
12/28/2007 08:02 GMT - GBP/USD
- Moves up above opening price level 1.9958 , above pivot level 1.9916
12/28/2007 08:03 GMT - USD/CHF
- Moves down toward first support level 1.1333
12/28/2007 08:03 GMT - USD/JPY
- Back above second support level 112.91
12/28/2007 08:03 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
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Dec 28 | 15:30 | Consumer Price Index (YoY) | 3.0% | 3.1% |
| Dec 28 | 15:30 | Consumer Price Index (MoM) | 0.7% | 0.5% |
Friday Notes - China at the crossroads by HVB Group
Despite a slight pullback in energy prices, the normal seasonal spike in prices for package holidays and hotels will probably trigger a strong increase m−o−m. Food prices should also play a role here.
[ Full Story ]- Baden−Wuerttemberg Dec CPI up 0.6 pct from Nov, up 2.8 pct year−on−year (Thomson Financial News)
- DATA SNAP: Germany's Baden−Wuerttemberg Dec CPI +0.6% On Mo (Dow Jones)
Top Market Movers Review
UK NATIONWIDE HOUSING PRICES S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 28 | 07:00 | Nationwide Housing Prices n.s.a (YoY) | 4.8% | 5.3% | 6.9% |
| Dec 28 | 07:00 | Nationwide Housing Prices s.a (MoM) | -0.5% | -0.4% | -0.8% |
DATA SNAP: UK December House Prices −0.5% On Mo, +4.8% On Yr (Dow Jones)
U.K. house prices fell for the second straight month in December while the year−on−year gain eased back to a 19−month low, the Nationwide Building Society said Friday.
[ Full Story ]- Read the report: House prices fall by 0.5% in December at Nationwide
- Forex − Euro touches new record high vs pound after weak UK house price survey (Thomson Financial News)
- UK Dec Nationwide Housing Prices s.a (MoM) rises to −0.5% (FXstreet.com)
Japan NATIONAL CPI EX−FRESH FOOD
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 27 | 23:30 | National CPI Ex−Fresh Food (YoY) | 0.4% | 0.3% | 0.1% |
| Dec 27 | 23:30 | National Consumer Price Index (YoY) | 0.6% | 0.5% | 0.3% |
| Dec 27 | 23:30 | Tokyo Consumer Price Index (YoY) | - | 0.3% | 0.3% |
| Dec 27 | 23:30 | Tokyo CPI ex Fresh Food (YoY) | 0.3% | 0.3% | 0.1% |
Japan Nov Core CPI Up 0.4% On Year; Mkt Expected +0.3% (Dow Jones)
Japan's core consumer price index rose 0.4% in November from a year earlier, the Ministry of Internal Affairs and Communications said Friday, marking the biggest increase in almost a decade. The reading was above the 0.3% gain forecast by economists polled by Dow Jones Newswires and Nikkei. It was the fastest rise since a 1.8% increase in March 1998.
[ Full Story ]- Read the CPI report at Japan Statistics Bureau
- TABLE: Japan November CPI, Tokyo December CPI (Dow Jones)
- Japan core CPI rises for second straight month in November − UPDATE (Thomson Financial News)
- Japan core CPI rises for second straight month in November (Thomson Financial News)
Daily Forex Technical Report − Yen Rebounds on Inflation, Dollar Remains Pressured by ActionForex.com
Japan JOBLESS RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 27 | 23:30 | Jobless Rate | 3.8% | 4.0% | 4.0% |
Japan's Nov Jobless Rate 3.8%; Market Expected 4.0% (Dow Jones)
Japan's November jobless rate fell to 3.8% from 4.0% a month earlier, the government said Friday, indicating that the employment situation remains tight despite sluggish wage growth. The Ministry of Internal Affairs and Communications said the total number of jobless was down 130,000 on year, marking the 24th consecutive month of decline.
[ Full Story ]- Read the Jobless Rate report at Japan Statistics Bureau
- Japan's unemployment rate falls to 3.8 pct in November, beats forecast − UPDATE (Thomson Financial News)
- Japan's unemployment rate falls to 3.8 percent in November, beats forecast (Thomson Financial News)
- Japan Outlook: Nov Nationwide CPI, Retail Sales, Jobless (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 28 | 01:30 | JP | Labor Cash Earnings (YoY) (Nov) | -0.2% | -0.3% | 0.0% |
| 07:00 | UK | Nationwide Housing Prices s.a (MoM) (Dec) | -0.5% | -0.4% | -0.8% | |
| 07:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Dec) | 4.8% | 5.3% | 6.9% | |
| 09:00 | CH | UBS Consumption Indicator (Nov) | 2229 | |||
| 10:30 | CH | KOF Swiss Leading Indicator (Dec) | 1.98 | 2.02 | ||
| 15:00 | US | New Home Sales (Nov) | 720K | 728K | ||
| 15:00 | US | New Home Sales (MoM) (Nov) | -1.1% | 1.7% | ||
| 15:30 | DE | Consumer Price Index (MoM) (Dec)  | 0.7% | 0.5% | ||
| 15:30 | DE | Consumer Price Index (YoY) (Dec) | 3.0% | 3.1% | ||
| Dec 31 | 15:00 | US | Existing Home Sales | 4.97M | ||