Tuesday, Dec 30, 08:53 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
Forex Trading Today: We Continue with our Two Cousins…Gold and Euro! by Tim Salem
Yes... our "thin" Volume continues all across the Markets... and with plenty of illiquid Price action thrown in there as well! This becomes an oxymoron, If you will... as high and low liquidity can equal low and high volatility and vice versa!
FxBootcamp: Pre London Outlook For December 30th 2008 by David R Pegler
Live Sessions Schedule
Live analysis of the Forex markets
Expert: Sam Seiden
Start: Tue, Dec 30, 11:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Dec 30, 11:00 GMT | Live analysis of the Forex markets | Sam Seiden | WBN |  |
| Tue, Dec 30, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Jan 5, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN |  |
| Mon, Jan 5, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe
GBPUSD
Pairs to Range Trade − Choppy Markets Cloud A Potentially Strong GBPUSD Range by FXCM
Fundamental forecasts and technical price patterns are rarely clean and clear for any market. For recent GBPUSD congestion, this reality leaves the pair on the edge of a potentially lucrative range setup or major breakdown. Looking at the long−term GBPUSD chart, it is hard to miss the dominant trend that has developed for the past 14 months. However, it is very difficult to extend an already exhausted trend in illiquid markets.
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USD / JPY
Daily Outlook − Despite initial rise to 90.99 at Asian opening by AceTrader
Despite initial rise to 90.99 at Asian opening, subsequent retreat suggests further choppy trading below there wud continue with mild downside bias n weakness to 90.20/25 is seen, however, reckon sup at 90.75 (y'day's low) wud hold.
ENERGIES
Will Oil Repeat The Rally In 2006? We Don't Think So by Oil N' Gold
Oil price remains firm at 40 level as the situation in the Middle East intensified. The Israeli troops said they are ready to broaden its attack on Palestine and investors worried that oil supply disruption would be significant if the tension spreads to neighbor countries.
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
EMU M3
| Date (GMT) | Event | Cons. | Previous | |
| Dec 30 | 09:00 | M3 (YoY) | - | 8.7% |
EMU economic indicators - M3 growth (November): slowed to 8.3% yoy by BHF−Bank
Against this background, economic agents sought to raise cash levels, thereby contributing to strong monetary growth. M3 rose by €122bn (M1 by €111bn) in October, more than twice the average of the previous 12 months.
[ Full Story ]Top Market Movers Review
Switzerland KOF LEADING INDICATOR
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 29 | 10:30 | KOF Leading Indicator | -0.39 | - | -0.05 |
Swiss KOF growth barometer hits new 5−1/2 yr low (Thomson Financial News)
Switzerland's leading KOF growth barometer fell to a new 5−1/2−year low in December as exports declined further and consumption softened, adding to signs that the Alpine country was heading for recession.
[ Full Story ]- Read the Leading Indicator data at KOF Institute
- INSTANT VIEW 2−Swiss KOF hits new 5−1/2−year low in December (Thomson Financial News)
- INSTANT VIEW 1−Swiss KOF hits new 5−1/2−year low in December (Thomson Financial News)
- TABLE−Swiss KOF indicator drops to −0.39 in December (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 29 | 09:30 | UK | Housing Equity Withdrawal (QoQ) (3Q) | -5.7B | -2.8B | |
| 10:30 | CH | KOF Leading Indicator (Dec) | -0.39 | -0.05 | ||
| Dec 30 | 09:00 | EMU | M3 (YoY) (Nov) | 8.7% | ||
| 09:00 | CH | UBS Consumption Indicator (Nov) | 1.32 | |||
| 14:00 | US | S&P/Case−Shiller Home Price Indices (Oct) | -17.4% | |||
| 14:45 | US | Chicago Purchasing Managers' Index (Nov) | 33.8 | |||
| 15:00 | US | Consumer Confidence (Dec) | 44.9 | |||
| 16:00 | DE | Consumer Price Index (MoM) (Dec)  | -0.5% | |||
| 16:00 | DE | Consumer Price Index (YoY) (Dec) | 1.4% | |||
| Dec 31 | 00:30 | AU | Private Sector Credit (MoM) (Nov) | 0.6% | ||