Monday, Dec 08, 08:50 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
The Week Ahead − Let's Get Technical! by Jerry Furst
Last week I went fundamental − and with good reason. There was more news than I could keep up with − scheduled or otherwise. This week I will stick to the charts − unless if we get some major fundamental issue − like Charlie Gasparino deciding to drive some poor equity into the ground. Bottom line − be ready for anything in this enviornment!
FX Bootcamp: Weekly Pivot Points by Wayne McDonell
FX Market Readings: Trend setting week by Dr. S. Sivaraman
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Dec 8, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Dec 8, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Dec 8, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Dec 8, 14:00 GMT | Year end Fundamental Review  | Adam Rosen | WBN |  |
| Mon, Dec 8, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Dec 8, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: Europe
EUR/USD
Daily Technical Analysis − EUR: Attempt small longs at 1.2825 by Mizuho Corporate Bank
Little to add as we inch sideways for six consecutive weeks. The ‘lagging span line' might get a little support if it manages to hold above the 9−day moving average at 1.2809.
Attempt small longs at 1.2825; stop below 1.2500. Add to longs on a sustained break above 1.2850 for 1.2975.
.
FXA Column − Dow Jones Industrials, a final low? by FXA
The Dow Jones Industrials continues its choppy trade over the last few months, and appears to be forming a large falling wedge over that time. These are seen as bottoming patterns that resolve sharply higher.
Market Session Recaps − Asia Session by FOREX.com
An auspicious start of the week in the Asian equities helped to deflate the Yen as investors looked to get back into riskier assets. As the Nikkei blasted to over 5% on the back of Fridays surprising gains in US stocks, the Yen was on the losing end versus the Euro, Cable, Aussie and Kiwi Dollar
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
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Dec 8 | 11:00 | Industrial Production s.a. (MoM) | - | -3.6% |
| Dec 8 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | - | -2.1% |
Friday Notes - Industrial Production Punging by HVB Group
The UniCredit−Reuters tool for forecasting German industrial production, which is based on manufacturing activity in NRW and Bavaria, signals a decline of 0.4%. Although this drop seems to be a rather mild one, there can be little doubt what will happen in the next six to nine months.
[ Full Story ]Top Market Movers Review
Japan TRADE BALANCE − BOP BASIS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 7 | 23:50 | Trade Balance − BOP Basis | ¥145.0B | - | ¥247.1B |
Japan Oct current account surplus −56.5 pct y/y (Thomson Financial News)
Japan's current account surplus shrank 56.5 percent in October from a year earlier, compared with a market median forecast for a 50.1 percent decline, government data showed on Monday. Following are details of the current account balance.
[ Full Story ]- Read the Balance data at Ministry of Finance, Customs Office
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 7 | 23:50 | JP | Adjusted Current Account (Oct) | ¥1113.2B | ¥970.5B | |
| 23:50 | JP | Trade Balance − BOP Basis (Oct) | ¥145.0B | ¥247.1B | ||
| Dec 8 | 05:00 | JP | Eco Watchers Survey: Current (Nov) | 21.0 | 22.6 | |
| 05:00 | JP | Eco Watchers Survey: Outlook (Nov) | 24.7 | 25.2 | ||
| 09:30 | UK | Producer Price Index − Input (MoM) s.a (Nov) | -5.6% | |||
| 09:30 | UK | Producer Price Index − Input (YoY) n.s.a (Nov) | 13.8% | |||
| 09:30 | UK | Producer Price Index − Output (MoM) n.s.a (Nov) | -1% | |||
| 09:30 | UK | Producer Price Index − Output (YoY) n.s.a (Nov) | 6.8% | |||
| 09:30 | EMU | Sentix Investor Confidence (Dec) | -36.4 | |||
| 11:00 | DE | Industrial Production s.a. (MoM) (Oct) | -3.6% | |||