Wednesday, Dec 31, 08:54 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
Forex Trading Today: The Battle of The Channel... Part II ! by Tim Salem
Happy New Year's Eve to All ! I thought we would revisit our big Battle of the English Channel going on with the EuroZone and the U.K. It is certainly timely since we have had such devisive appreciation of the Euro in this case…Her Majesty may need us to rescue Her again from the Deep Blue!
FX Path: EUR/USD - New Year’s Consolidation on Pullback by James Chen
ForexHedge: Year end by Ron Schelling
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Jan 5, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jan 5, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| 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 | |
| Mon, Jan 5, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Jan 5, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe
USD/JPY
Pairs to Range Trade − A Long−Term Trend And Level Fundamentals Build USDJPY Range by FXCM
There is considerable volatility across the market, but those pairs that were the most active in past months now seem to hold the greatest stability. Point−in−case, USDJPY's congestion has fit into a broad technical trend; and fundamental shifts underlying the market may keep the pair in a manageable range through the near future. The most pressing influence on this pair remains the back−and−forth in risk sentiment. Through the financial crunch, this pair has been a target of massive carry unwinding and natural deleveraging through repatriation.
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EUR/USD
EUR/USD Daily Outlook by AceTrader
Despite intra−day breach of 1.4057, lack of follow through selling n subsequent recovery fm 1.4046 suggests consolidation abv there wud be seen ahead of European opening with mild upside bias for gain to 1.4100/10 but 1.4148 (Aust.) shud hold.
NZD/USD
Hedging Range Trades − Kiwi Selling May Rest as Dollar Hits Support by FXCM
Traders looking to protect their existing short NZD/USD position or enter short at a favorable price may consider a hedge long NZD/USD above 0.5611 with a target at 0.5813. Once the profit target is hit, we expect the bearish trend to resume.
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 INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Cons. | Previous | |
| Dec 31 | 13:30 | Initial Jobless Claims | 575K | 586K |
| Dec 31 | 13:30 | Continuing Jobless Claims | - | 4370K |
Forex Trading Strategies - The New Year is soon upon us − what will it bring for currencies? by Saxo Bank
The market action continues to show a market that isn't sure what it wants to do here in the short term − and larger players are undoubtedly waiting for the New Year before putting on any meaningful positions. Still, volatility is easy to come by these days, especially with end of month/year fixing up today.
[ Full Story ]Top Market Movers Review
Australia PRIVATE SECTOR CREDIT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 31 | 00:30 | Private Sector Credit (YoY) | 8.2 | - | 9.7 |
| Dec 31 | 00:30 | Private Sector Credit (MoM) | 0.4% | - | 0.6% |
Australian Private−Sector Credit +0.4% In Nov Vs Oct (Dow Jones)
Credit to the Australian private sector rose a seasonally adjusted 0.4% in November from October and rose 8.2% on year, the Reserve Bank of Australia said Wednesday. The rise was below a market expected rise of 0.5%.
[ Full Story ]- Read the Private Sector data at Reserve Bank of Australia
- Australia private credit rose 0.4 pct in Nov (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 31 | 00:00 | JP | New Year's Day | |||
| 00:00 | AU | New Year's Day | ||||
| 00:00 | DE | New Year's Day | ||||
| 00:30 | AU | Private Sector Credit (YoY) (Nov) | 8.2 | 9.7 | ||
| 12:00 | US | MBA Mortgage Applications (Dec 26) | 2.9% | |||
| 13:30 | US | Continuing Jobless Claims (Dec 20) | 4370K | |||
| 13:30 | US | Initial Jobless Claims (Dec 27) | 575K | 586K | ||
| 15:35 | US | EIA Crude Oil Stocks change | -1.4M | -3.1M | ||
| 19:00 | EMU | ECB Trichet's Speech | ||||
| Jan 2 | 05:30 | AU | RBA Commodity Index SDR (YoY) (Dec) | 35% | ||