Thursday, Dec 11, 08:50 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 Foreign Exchange Hall of Justice vs. CVJ by Tim Salem
Hi All! Well... the Battle for my Aussie PacRim Pair is not going as well as I had planned... I have decided to take the matter to Litigation... but honestly my chances look rather poor. Of course... what did I expect?
FX Market Readings: Today’s sentiments for the majors - 11 Dec. by Dr. S. Sivaraman
FxBootcamp: Pre London Outlook For December 11th 2008 by David R Pegler
Live Sessions Schedule
Tracking the forex market together / Part I − Free Access Day
Expert: Dr.S.Sivaraman
Start: Thu, Dec 11, 10:00 GMT
Type of Session: Webinar
FX Instructor Live Trading Room − Free Access Day
Expert: Mark De La Paz
Start: Thu, Dec 11, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Dec 11, 10:00 GMT | Tracking the forex market together / Part I − Free Access Day | Dr.S.Sivaraman | WBN |  |
| Thu, Dec 11, 12:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN | |
| Thu, Dec 11, 13:00 GMT | Tracking the forex market together / Part II − Free Access Day | Dr.S.Sivaraman | WBN | |
| Thu, Dec 11, 14:00 GMT | Candlesticks and Western Technical Analysis − The Forex SuperCombo − Free Access Day | James Chen | WBN | |
Current Session: Europe
EUR/USD
EUR USD broke 1,3100 resistance
Mataf.net − EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The uptrend should continue on 1,3280 resistance (159 pips).
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EUR/USD
Euro Leads Rebound against Dollar, SNB to Cut Again by ActionForex.com
Dollar's decline continues today even though the $14b automaker rescue bill is passed in House and is set to vote in Senate on Thursday. One important thing to note is that dollar's fall is lead by strengthen in European majors, in particular the Euro which is topping this week's top movers chart
NZD/USD
Trading the New Zealand Retail Sales Release by FXCM
Deteriorating fundamentals paired with the dour outlook for growth has certainly dragged on the New Zealand dollar, and the kiwi could face increased selling pressures over the remainder of the week as economists forecast retail spending to stall in October.
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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Dec 11 | 13:30 | Trade Balance | -$53.50B | -$56.47B |
US economic indicators - Trade deficit (October): significantly narrower mainly due to plunge in oil prices by BHF−Bank
As import prices went down by 4.7% mom, imports could have decreased more than exports in October, and the trade deficit could have shrunk to a mere $52.0bn. The real trade deficit, which had risen slightly in September, might have remained stable at best.
[ Full Story ]Top Market Movers Review
Switzerland SNB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 11 | 08:30 | SNB Interest Rate Decision | 0.5% | 0.5% | 1.0% |
Swiss National Bank cuts its key interest rate buy 50 b.p. to 0.0% – 1.0% (FXstreet.com)
The Swiss National Bank Monetary policy Committee has approved a 50 basis points rate cut for the three−month Libor 0.0% – 1.0% to provide the Swiss money market with a generous and flexible supply of liquidity.
[ Full Story ]- Read the Official Statement at SNB
- Switzerland SNB cuts Libor Rate by 50 bp to 0.5% (FXstreet.com)
- CHRONOLOGY−Swiss National Bank rate changes since 2000 (Thomson Financial News)
Daily Forex Technical Report − Euro Leads Rebound against Dollar, SNB to Cut Again by ActionForex.com
Trading News Report - USD/CHF: Trading the Swiss National Bank Interest Rate Decision by FXCM
Australia UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 11 | 00:30 | Unemployment Rate | 4.4% | 4.4% | 4.3% |
INSTANT VIEW−Australia employment falls as expected in Nov (Thomson Financial News)
Australian employment fell in November while the jobless rate ticked higher in what is expected to be just the start of a protracted period of weakness for the once−robust labour market. Leading indicators such as job advertisements and business surveys have shown stark weakness in the last few months pointing to a sizable rise in unemployment in the months ahead.
[ Full Story ]- Read the Unemployment data at Australian Bureau of Statistics
- TABLE−Recent Australian economic statistics (Thomson Financial News)
- UPDATE 1−Australia employment takes slow turn for the worse (Thomson Financial News)
- INSTANT VIEW 4−Australia employment falls as expected in Nov (Thomson Financial News)
Daily Forex Technical Report − Euro Leads Rebound against Dollar, SNB to Cut Again by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 11 | 00:30 | AU | Unemployment Rate (Nov) | 4.4% | 4.4% | 4.3% |
| 06:00 | KR | BoK Interest Rate Decision | 3% | 4% | ||
| 08:05 | EMU | ECB Trichet's Speech (Nov) | ||||
| 08:30 | CH | SNB Interest Rate Decision | 0.5% | 0.5% | 1.0% | |
| 09:00 | EMU | ECB Monthly Report (Dec) | ||||
| 09:30 | UK | Inflation Expectations | 4.4% | |||
| 11:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Dec) | -44 | -38 | ||
| 13:30 | US | Continuing Jobless Claims (Nov 28) | 4087K | |||
| 13:30 | US | Import Price Index (MoM) (Nov) | -4.6% | -4.7% | ||
| 13:30 | US | Import Price Index (YoY) (Nov) | -1.5% | 6.7% | ||