Monday, Dec 01, 08:29 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Trade What Is Real, Not What You Feel: Quantifying Supply (resistance) and Demand (support) In The Forex Markets by Sam Seiden
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: The Problem between You and Me by Tim Salem
"That's right Boys and Girls!... it's time for that new and compelling T.V. Show"... "Market Monday Reflections with CVJ"! (OK... you can stop laughing now!). As most of you know... I tend to take a few steps back over the weekends and reflect on the current climate, what I have done, and what I am thinking about doing.
FxBootcamp: Pre London Outlook For December 1st 2008 by David Pegler
1st on Forex: The Week Ahead - Interest Rates - NFP and more vy Jerry Furst
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Dec 1, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Dec 1, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Dec 1, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Dec 1, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Dec 1, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Dec 1, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe
EUR/USD
The Euro has failed to hold above the 1.2800/15 support
E−Forex − The Euro has failed to hold above the 1.2800/15 support on Friday and collapsed, testing bids at 1.2620 earlier today. Downside is favored now and first important resistance is seen at 1.2810, interim resistance being formed at 1.2700 and 1.2750. Support starts at 1.2620 backed by 1.2565 and 1.2500. Daily momentum is slightly bearish due to the decline below the 1.28 mark. Intraday studies are mixed at the time of this writing. Current quote is 1.2697
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YEN CROSSES
Market Session Recaps − Asia Session by FOREX.com
We saw the Yen make some gains versus the US Dollar. USD/JPY opened near its highs of 95.53, but did not reside long at that locale as we quickly saw the pair slip to 95.15 lows before getting some stability at the 95.30 area.
AUD/USD
Forex Trading Strategies − Chinese manufacturing PMI nosedives in November by Saxo Bank
AUDUSD has held convincingly below its 21 day moving average and has just broken to a new three−day low overnight on the Chinese manufacturing PMI.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Dec 1 | 09:30 | Purchasing Manager Index Manufacturing | 39.5 | 41.5 |
Friday Notes - UK PMI: Manufacturing... by HVB Group
Following a small increase in October – which was not totally surprising after the sizeable plunge seen in September − UK manufacturing PMI should resume sliding in November: we expect the headline index to decline to 40.7.
[ Full Story ]Top Market Movers Review
Germany RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 1 | 07:00 | Retail Sales (YoY) | -1.5% | 0.7% | 2.4% |
| Dec 1 | 07:00 | Retail Sales (MoM) | -1.6% | - | -1.0% |
German retail sales unexpectedly fall in October (Thomson Financial News)
German retail sales unexpectedly fell by 1.6 percent month−on−month in real terms in October, Federal Statistics Office data showed on Monday. The seasonally adjusted fall compared with the consensus forecast of a Reuters poll of economists last week for a rise of 0.5 percent on the month.
[ Full Story ]- Read the Retail Sales data at German Statistics
- German total retail sales rise 0.4 pct m/m in Oct (Thomson Financial News)
- INSTANT VIEW 3−German retail sales post surprise drop in Oct (Thomson Financial News)
- German retail sales drop further in October (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 1 | 01:30 | JP | Labor Cash Earnings (YoY) (Oct) | -0.1% | 0.1% | |
| 05:00 | JP | Vehicle Sales (YoY) (Nov) | -18.2% | -13.1% | ||
| 07:00 | DE | Retail Sales (MoM) (Oct) | -1.6% | -1.0% |
||
| 07:00 | DE | Retail Sales (YoY) (Oct) | -1.5% | 0.7% | 2.4% |
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| 08:30 | CH | SVME − Purchasing Managers' Index (Nov) | 45.5 | 47.0 | ||
| 08:55 | DE | Purchasing Manager Index Manufacturing (Nov) | 36.7 | 42.9 | ||
| 09:00 | EMU | Purchasing Manager Index Manufacturing (Nov) | 36.2 | 41.1 | ||
| 09:30 | UK | M4 Money Supply (MoM) (Oct) | 1.5% | |||
| 09:30 | UK | M4 Money Supply (YoY) (Oct) | 12.4% | |||
| 09:30 | UK | Mortgage Approvals (Oct) | 32 | 33K | ||