Monday, Dec 15, 08:42 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
The Trader's Edge: The Battle of The Channel by Tim Salem
As we head closer to Christmas and think of other aspects in our lives, it is appropriate to take things a bit slower and have time for a little reflection. Our Markets, as we have mentioned before, are beginning to "thin" in volume and increase and decrease in volatility with plenty of intraday noise.
FxBootcamp: Pre London Outlook For December 15th 2008 by David R Pegler
Forexology: Is price movement random? by Sunil Mangwani
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Dec 15, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
The Forex Basic Training Program − Chapter X: Graduation!
Expert: Wayne McDonell
Start: Mon, Dec 15, 11:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Dec 15, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Dec 15, 11:00 GMT | The Forex Basic Training Program − Chapter X: Graduation! | Wayne McDonell | WBN |  |
| Mon, Dec 15, 14:00 GMT | Recognizing the Gaps | Carlos Rocha | WBN | |
| Mon, Dec 15, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe
USD/JPY
Dollar Weakens Further as Stocks Rise
ActionForex.com − Dollar weakens again as the week starts on improved risk appetite on hope for renewed hope for automaker bailout from US government as well as various announcements from Japan, China and Korea to stimulate the economy in the global financial crisis. Dollar index dips mildly is pressing 83 level. Canadian dollar is supported by recovery in crude oil price and lead the rise against dollar today. Meanwhile, European majors are generally firm against both the greenback and the yen.
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EUR/USD
Trading the U.S. Empire Manufacturing Release by FXCM
Economic activity in the U.S. is likely to weaken further as economist forecast the Empire−State Manufacturing survey to fall to a fresh record low of −27.0 from −25.4 in November.
Fed Rate Decision And Industry Bankruptcies May Finally Tip The Balance For Risk And Carry by FXCM
Risk sentiment has delved into a period of protracted congestion over the past few months. However, with the global economy heading deeper into recession and investor/lender sentiment fading, it is only a matter of time before the markets find their bearings once again.
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 INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Dec 15 | 14:15 | Industrial Production (MoM) | - | 1.3% |
| Dec 15 | 14:15 | Capacity Utilization | - | 76.4% |
Friday Notes - Slump in the manufacturing sector persists by HVB Group
A sharp slide in the Fed's diffusion index for October had already signaled mounting weakness in the IPI. November's ISM production index drop was also ominous. But mining, which includes natural gas and petroleum extraction, continued to bounce back from earlier storm disruptions.
[ Full Story ]Top Market Movers Review
Switzerland PRODUCER AND IMPORT PRICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 15 | 08:15 | Producer and Import Prices (MoM) | -1.4% | - | -0.6% |
| Dec 15 | 08:15 | Producer and Import Prices (YoY) | 1.1% | - | 2.9% |
Swiss Producer and Import prices fall beyond expectations in November (FXstreet.com)
Producer and import prices have posted a larger than expected decline in Switzerland in November driven by a sharp drop on petrol prices, according to figures released by the Swiss Statistics Office.
[ Full Story ]- Read the PPI data at Swiss Statistics
- Switzerland Producer and Import Prices fall 1.4 in Nov; 1.1% up year on year (FXstreet.com)
Japan TANKAN LARGE ALL INDUSTRY CAPEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 14 | 23:50 | Tankan Large All Industry Capex | -0.2% | - | -1.0% |
DATA SNAP:BOJ Tankan Big Mfrs DI Down At Worst Pace In 34 Yrs (Dow Jones)
Sentiment among Japanese big manufacturers drastically worsened with the global financial crisis taking a severe toll on the real economy, the Bank of Japan's December tankan survey showed Monday. The headline diffusion index in the central bank's quarterly survey of corporate sentiment showed that conditions among large manufacturers plunged to minus 24 in December from minus 3 in the September survey.
[ Full Story ]- Read the Capex data at Bank of Japan
- JGB futures fall on Nikkei, profit−taking after tankan (Thomson Financial News)
- TOPWRAP 3−Crisis gnaws at Japan sentiment, China output (Thomson Financial News)
- UPDATE 2−Japan business sentiment in biggest dive since 70s (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 15 | 00:01 | UK | Rightmove House Price Index (YoY) (Dec) | -6.3% | -7.1% | |
| 04:00 | JP | Tokyo Condominium Sales (YoY) (Nov) | -14.9% | -26.0% | ||
| 08:15 | CH | Producer and Import Prices (MoM) (Nov) | -1.4% | -0.6% | ||
| 08:15 | CH | Producer and Import Prices (YoY) (Nov) | 1.1% | 2.9% | ||
| 13:30 | US | NY Empire State Manufacturing Index (Dec) | -25.43 | |||
| 14:00 | US | Net Long−term TIC Flows (Oct) | $66.2B | |||
| 14:00 | US | Total Net TIC Flows (Oct) | 143.4B | |||
| 14:15 | US | Capacity Utilization (Nov) | 76.4% | |||
| 14:15 | US | Industrial Production (MoM) (Nov) | 1.3% | |||
| 17:30 | EMU | ECB Trichet's Speech (Nov) | ||||