Thursday, Dec 18, 08:36 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Trading Range bound and Trending Markets by Adam Rosen
- FED Meeting preview in our Economic Calendar
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Forex Blogs
Forex Trading Today: Is the Euro due for a Correction? Her Majesty Thinks So! by Tim Salem
"Help!…HELP!…I'm drowning!…Somebody Save Me!…" Did you hear that?" That was Her Majesty doing Her best to ascend from the depths of the English Channel… "The Euro has Her pinned down in the frigid deep Blue!"
FxBootcamp: Pre London Outlook For December 18th 2008 by Wayne McDonell
The Trader's Edge: EUR/USD - Is there a break in sight? by Ross Yamashita
Live Sessions Schedule
MONTHLY WEBINAR − Part 1: The 1−2−3 chart pattern
Expert: Sunil Mangwani
Start: Thu, Dec 18, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Dec 18, 14:00 GMT | MONTHLY WEBINAR − Part 1: The 1−2−3 chart pattern | Sunil Mangwani | WBN | |
| Thu, Dec 18, 16:00 GMT | MONTHLY WEBINAR − Part 2: The trend following 200 Moving Average strategy  | Sunil Mangwani | WBN |  |
| Fri, Dec 19, 08:30 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Fri, Dec 19, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN | |
Current Session: Europe
EUR/USD
Dollar extends weakness across the board after Tuesday's aggressive rate cut
AceTrader − The greenback extended its decline against major currencies on Wednesday after Tuesdays' rate cut by the Federal Reserve. The single currency rallied to 1.4440 versus the dollar, the highest level since September 29 due to the widening of interest rate differential between eurozone and the United States.
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The pound has lost 10% against the Euro in the last month by Mizuho Corporate Bank
Sterling is being trashed yet some cling to the Cable chart for signs of comfort and stability. The pound has lost 10% against the Euro in the last month, three pence yesterday alone, and the authorities remain tight−lipped
USD/JPY is in a consolidation after the last bearish movement by Mataf.net
88,01. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility is high.
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 IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Dec 18 | 09:00 | IFO − Business Climate | 84.0 | 85.8 |
| Dec 18 | 09:00 | IFO − Expectations | - | 77.6 |
EMU economic indicators - German ifo business climate (December): down by BHF−Bank
The ifo business climate for Germany will probably have deteriorated in December, even though the German ZEW economic sentiment has rebounded.
[ Full Story ]Top Market Movers Review
Switzerland ADJUSTED REAL RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 18 | 08:15 | Adjusted Real Retail Sales (YoY) | 2.9% | 1.9% | 6.4% |
DATA SNAP: Swiss Retail Sales Up A Real 2.9% In October (Dow Jones)
Swiss retail sales in October rose 2.9% on the year in real terms and adjusted for working days, confirming views Swiss household spending has yet to take a hit from the financial crisis.
[ Full Story ]Switzerland TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 18 | 07:15 | Trade Balance | 2.15B | 1.70B | 1.95B |
Swiss Trade surplus widens in November against expectations (FXstreet.com)
Swiss Trade surplus has increased in November against expectations of a decline, as imports declined further than exports according to figures released by the Swiss Statistics Office.
[ Full Story ]- Read the Trade Balance data at the Swiss Confederation
- INSTANT VIEW 3−Swiss exports drop real 11.3 pct yr/yr in Nov (Thomson Financial News)
- INSTANT VIEW 2−Swiss exports drop real 11.3 pct yr/yr in Nov (Thomson Financial News)
- INSTANT VIEW 1−Swiss exports drop real 11.3 pct yr/yr in Nov (Thomson Financial News)
New Zealand BUSINESS CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 18 | 02:00 | Business Confidence | -35 | - | -43 |
NZ business confidence mixed in December − NBNZ (Thomson Financial News)
New Zealand business confidence was mixed in December with the overall measure rising from a 20−year low, amid lower interest rates, but businesses were the most pessimistic on record about their own outlook, a survey showed on Thursday.
[ Full Story ]- Read the Confidence data at National Bank of New Zealand
- TABLE−National Bank of NZ December business outlook (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 18 | 02:00 | NZ | Business Confidence (Nov) | -35 | -43 | |
| 06:00 | JP | Machine Tool Orders (YoY) (Nov) | -62.1% | -20.1% | ||
| 07:15 | CH | Trade Balance (Nov) | 2.15B | 1.70B | 1.95B |
|
| 08:15 | CH | Adjusted Real Retail Sales (YoY) (Oct) | 2.9% | 1.9% | 6.4% | |
| 09:00 | DE | IFO − Business Climate (Dec) | 84.0 | 85.8 | ||
| 09:00 | DE | IFO − Expectations (Dec) | 77.6 | |||
| 09:30 | UK | M4 Money Supply (MoM) (Nov)  | 2.1% | 2.8% | ||
| 09:30 | UK | M4 Money Supply (YoY) (Nov) | 17.1% | 15.3% | ||
| 09:30 | UK | M4 Sterling Lending (Nov) | £39.8 | |||
| 09:30 | UK | Public Sector Net Borrowing (Nov) | £13.3B | £1.4B | ||