Monday, Dec 29, 09:05 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
Forex Trading Today: My "Gold−en Girl" Prevails! by Tim Salem
We have all emerged well from Christmas and Boxing Day around the world... hopefully in one piece!... so let's have a look at a a particularly interesting move on Friday, as well as the Sydney Open a few hours ago...
FxBootcamp: Pre London Outlook For December 29th 2008 by Wayne McDonell
Live Sessions Schedule
Doing Dealer Due Diligence
Expert: John Jagerson
Start: Mon, Dec 29, 14:00 GMT
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Dec 29, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Dec 29, 14:00 GMT | Doing Dealer Due Diligence | John Jagerson | WBN |  |
| Mon, Dec 29, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Dec 29, 16:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
| Tue, Dec 30, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
Current Session: Europe
EUR/USD
Bank Recomendations − We retain a bull bias in EUR/USD by Finotec Group Inc.
JPMORGAN: "We retain a bull bias in EUR/USD, viewing this price action under $1.47 as a fourth wave while our trend indicators hold, which provide support at $1.3870 today".
SEB: "No strong directional's ahead of the opening today and an open mind still looks best. Below $1.3900 is thought to pressure support at $1.3800 +/−20 pips, while above $1.4125 would point at $1.4180".
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GBP/USD
Forex Market Outlook on Majors − INTRA−DAY GBP/USD OUTLOOK: 1.4738 by AceTrader
Current breach of 1.4735 res signals nr term rise fm 1.4575 (Friday's low) to retrace recent decline remains in progress n gain twds 1.4800/05 is envisaged, however, break there is needed to retain bullishness, 1.4840/50.
EUR/JPY
EUR/JPY Daily Outlook − EUR/JPY Daily Outlook by ActionForex.com
EUR/JPY's fall from 131.03 was contained at 1223.69, slightly above 4 hours 55 EMA and rebounds to as high as 128.70 so far. With 4 hours MACD crossed back above signal line, an intraday low should be in place and outlook is turned neutral.
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 Review
Japan RETAIL TRADE S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 25 | 23:50 | Retail Trade s.a (MoM) | -0.1% | -1.5% | -0.6% |
Japan November retail sales DOWN 0.9 pct yr/yr (Thomson Financial News)
Japanese retail sales fell 0.9 percent in November from a year earlier, less than a median market forecast of a 1.4 percent decline, data showed on Friday, underscoring the weakness in private consumption. Details were as follows (previous figures may be revised; economists' median forecast in parentheses):
[ Full Story ]- Read the Trade (MoM) data at METI
Japan NATIONAL CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 25 | 23:30 | National Consumer Price Index (YoY) | 1.0% | 1.1% | 1.7% |
TABLE−Japan Nov nationwide core CPI up 1.0 pct (Thomson Financial News)
Japanese core annual inflation slowed to 1.0 percent in November from 1.9 percent in October, below a median market forecast of 1.1 percent, data showed on Friday, due largely to falls in oil prices. The pace of rise in the core consumer price index (CPI), which excludes volatile prices of fresh fruit, vegetables and seafood but not oil products, has been slowing since hitting a decade high of 2.4 percent in July and August.
[ Full Story ]- Read the National CPI data at Ministry of Public Management, Home Affairs, Posts and Telecommunications
- INSTANT VIEW 4−Japan industry output posts record fall (Thomson Financial News)
- INSTANT VIEW 3−Japan price gains slow, industry output slumps (Thomson Financial News)
- INSTANT VIEW 3−Japan price gains slow, industry output slumps (Thomson Financial News)
Japan JOBLESS RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 25 | 23:30 | Jobless Rate | 3.9% | 4.0% | 3.7% |
TABLE−Japan Nov jobless rate rises to 3.9 percent (Thomson Financial News)
Japan's seasonally adjusted unemployment rate rose to 3.9 percent in November from 3.7 percent in October, government data showed on Friday, below a median market forecast of 4.0 percent. Following is a table of Japan's jobs data with economists' median forecasts in parentheses.
[ Full Story ]- Read the Jobless data at Statistics Bureau
- INSTANT VIEW 4−Japan industry output posts record fall (Thomson Financial News)
- INSTANT VIEW 3−Japan price gains slow, industry output slumps (Thomson Financial News)
- INSTANT VIEW 3−Japan price gains slow, industry output slumps (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 29 | 08:55 | DE | Unemployment Change (Dec) | -10K | ||
| 09:00 | CH | UBS Consumption Indicator (Nov) | 1.32 | |||
| 09:30 | UK | Housing Equity Withdrawal (QoQ) (3Q) | -2.8B | |||
| 10:30 | CH | KOF Leading Indicator (Dec) | -0.05 | |||
| 14:45 | US | Chicago Purchasing Managers' Index (Nov) | 33.8 | |||
| Dec 30 | 00:00 | UK | Nationwide Housing Prices s.a (MoM) (Dec) | -0.4% | ||
| 08:00 | DE | Consumer Price Index (MoM) (Dec)  | -0.5% | |||
| 08:00 | DE | Consumer Price Index (YoY) (Dec) | 1.4% | |||
| 09:00 | EMU | M3 (YoY) (Nov) | 8.7% | |||
| 14:00 | US | S&P/Case−Shiller Home Price Indices (Oct) | -17.4% | |||