Wednesday, Dec 10, 08:59 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Advanced Forex Trading: Momentum Versus Reversals Within Indicators by Mark Whistler
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: The New Currency Pair?... AUD/PACRIM? by Tim Salem
Hi Everyone! "CVJ... We knew you were crazy... But now you are inventing your own Currency Pairs?" Of course!... But I have a "Method to my Madness" in this case! So relax... and do not get the Firing Squad ready for me just yet...
FxBootcamp: Pre London Outlook For December 10th 2008 by David R Pegler
1st on Forex: Currency Consolidation - Continuation - Reversal Patterns by Jerry Furst
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Dec 10, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Dec 10, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Dec 10, 10:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Dec 10, 11:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Dec 10, 13:00 GMT | Trading Range bound and Trending Markets | Adam Rosen | WBN |  |
| Wed, Dec 10, 14:00 GMT | Profiting from Fear and Greed by trading against the crowd | David Rodríguez | WBN |  |
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
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Cons. | Previous | |
| Dec 10 | 15:00 | Wholesale Inventories | 0.1% | -0.1% |
US economic indicators - Wholesale inventories are likely to have dropped by BHF−Bank
Wholesale inventories declined by 0.1% mom in September, and they are likely to have dropped again by 0.3% mom in October. Total business inventories might also have gone down again by 0.3% mom, given that the ISM inventories component was a mere 44.3, indicating contraction.
[ Full Story ]Top Market Movers Review
UK NIESR GDP ESTIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 10 | 00:01 | NIESR GDP Estimate | -1.0% | - | -0.5% |
UK economy shrank by 1 pct in 3 mths to Nov−NIESR (Thomson Financial News)
Britain's economy shrank by a full percentage point in the three months to November and the pace of contraction looks set to accelerate into the end of the year, a leading think−tank said on Wednesday. "The figures make clear that the rate of output decline is accelerating," the National Institute of Economic and Social Research said in its monthly assessment.
[ Full Story ]- Read the GDP data at NIESR
- UK economy shrank 1 pct in 3 months to Nov − NIESR (Thomson Financial News)
Daily Market Briefing - British Pound Retreats As A Flood Of Data Sets The Pace For The Worst Recession In The Western World British Pound Retreats As A Flood Of Data Sets The Pace For The Worst Recession In The Western World British Pound Retreats As A Flood Of Data Sets T by FXCM
Morning Report - US pending home sales down 0.7% in OctUS consumer optimism gave back about half of its Nov jump in DecJapanese growth revised downGerman ZEW improves from –54 to –45 in DecWeak UK data across the boardWeak UK data across the boardWeak UK data across by Westpac Institutional Bank
Australia WESTPAC CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 9 | 23:30 | Westpac Consumer Confidence | 7.5% | - | 4.3% |
Australia consumer confidence up strongly in Dec (Thomson Financial News)
A key measure of Australian consumer confidence enjoyed a surprisingly strong rebound in December as falls in interest rates and petrol prices helped outweigh the tide of negative news on the global economy. The survey of 1,200 people by the Westpac−Melbourne Institute showed its index of consumer sentiment climbed 7.5 percent, or 6.5 points, to 92.0 in December.
[ Full Story ]- Read the Confidence data at Westpac Banking Corporation
- WRAPUP 1−Stimulants help revive Australia's consumers (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 9 | 23:50 | JP | Domestic Corporate Goods Price Index (YoY) (Nov) | 2.8% | 2.8% | 4.8% |
| Dec 10 | 00:01 | UK | NIESR GDP Estimate (Nov) | -1.0% | -0.5% | |
| 00:30 | AU | Home Loans (Oct) | 1.3% | 1.0% | -2.7% | |
| 00:30 | AU | Investment Lending (Oct) | 0.7% | -2.0% | -1.1% | |
| 10:00 | CH | ZEW Survey − Expectations (Dec) | -88.5 | |||
| 12:00 | US | MBA Mortgage Applications (Dec 5) | 11.2% | |||
| 13:30 | CA | Labor Productivity (QoQ) (3Q) | 0.1% | -0.2% | ||
| 15:00 | US | Wholesale Inventories (Oct) | 0.1% | -0.1% | ||
| 15:35 | US | EIA Crude Oil Stocks change (Dec 5) | -0.2 | -0.4M | ||
| 19:00 | US | Monthly Budget Statement (Nov) | -176.0B | -237.2B | ||