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FX Instructor Live Trading Room
Expert: Nader Moustafa
Start: Mon, Dec 3, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Dec 3, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Dec 3, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Dec 3, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Dec 3, 14:00 GMT | FX Instructor Live Trading Room | Nader Moustafa | WBN | |
| Mon, Dec 3, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − The Pound made an effort to regain part of its losses by iFOREX.bg
GBP/USD Open 2.0556 High 2.0695 Low 2.0526 Close 2.0663
The Pound made an effort to regain part of its losses from last Thursday against the US Dollar, but lost momentum at the 21 MA at 2.0700 and closed under its opening price. Today we expect resistance at 2.0665, which is 38.5% Fibonacci of the drop 2.1155 − 2.0355, followed by the 21 day MA at 2.0700, and 2.0760, which is 51% Fibonacci of the above mentioned drop.
- Technical Trigger: GBP/USD at Tony Juste's blog
- Long−term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- New Webinars Video − Access now Educational Sessions Recordings
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Daily Analysis − High Volatility Expected Today on Technical Trading by Finotec Group Inc.
Preview Strategies for − Preview Strategies for US SESSION 03/12/2007 by AKforex
Daily Trading Strategy − Europe starts to feel the pain by MVDForex
Majors at a Glance
- EUR/USD
- Moves up above pivot level 1.4681
12/03/2007 11:54 GMT - GBP/USD
- Trades around pivot level 2.0598
12/03/2007 11:54 GMT - USD/CHF
- Trades around pivot level 1.1268
12/03/2007 11:54 GMT - USD/JPY
- Trades below pivot level 110.69
12/03/2007 11:54 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, Aspen Trading Group, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US ISM MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Dec 3 | 15:00 | ISM Manufacturing | 50.5 | 50.9 |
US economic indicators - Both ISM indices are likely to have weakened in November by BHF−Bank
The ISM manufacturing index has been declining steadily since July. We expect this negative trend to continue and thus forecast that the ISM manufacturing index will have declined from 50.9 to 50.0 in November.
[ Full Story ]Friday Notes - Outlook 2008 – Gloom but no Doom by HVB Group
Top Market Movers Review
EMU UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 3 | 10:00 | Unemployment Rate | 7.2% | 7.3% | 7.3% |
DATA SNAP: Euro−Zone Jobless Rate Fell To 7.2% In Oct (Dow Jones)
The rate of unemployment in the 13 countries that share the euro continued its long decline in October. According to figures released by the European Union statistics agency Eurostat Monday, the euro zone's unemployment rate was 7.2%, down from 7.3% in September.
[ Full Story ]- Read the Unemployment data at Eurostat
- Euro zone Oct unemployment 7.2 pct vs 7.3 in September (Thomson Financial News)
- Euro Zone's unemployment edges down to 7.2% in October (FXstreet.com)
- EU Unemployment Rate down to 7.2% in October from 7.3% in September (FXstreet.com)
Friday Notes - Outlook 2008 – Gloom but no Doom by HVB Group
UK PMI MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 3 | 09:30 | PMI Manufacturing | 54.4 | 52.6 | 52.8 |
UK November Mfg PMI 54.4 Vs 52.8 In Oct − Sources (Dow Jones)
The purchasing managers index for the U.K.'s manufacturing sector rose to 54.4 in November from 52.8 in October, market sources said Monday. The data indicate that activity in the sector continued to expand, and at a stronger pace than a month earlier.
[ Full Story ]- NTC Economics homepage
- CIPS homepage
- Forex − Pound jumps as strong UK PMI data diminish rate cut prospects UPDATE (Thomson Financial News)
- UK manufacturers proving resilient to credit crunch − EEF (Thomson Financial News)
- UK CIPS Nov manufacturing PMI rises to 54.4 from 52.8 in Oct − sources UPDATE (Thomson Financial News)
EMU PMI MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 3 | 09:00 | PMI Manufacturing | 52.8 | 52.6 | 51.5 |
Euro−Zone November Mfg PMI 52.8 Vs 51.5 In Oct − Sources (Dow Jones)
The purchasing managers index for the euro zone's manufacturing sector rose to 52.8 in November from 51.5 in October, market sources said Monday. The November reading was higher than expected and above the preliminary estimate released Nov. 23 which showed a smaller rise to 52.6.
[ Full Story ]- NTC Economics homepage
- UPDATE: Euro−Zone Nov Mfg PMI Rebound Not Expected To Last (Dow Jones)
- Euro−zone final Nov manufacturing PMI revised up to 52.8 from 52.6 UPDATE (Thomson Financial News)
- Euro−zone final Nov manufacturing PMI revised up to 52.8 from 52.6 (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 3 | 05:30 | AU | RBA Commodity Index SDR (YoY) (Nov) | 2.0% | 2.0% | 5.4% |
| 08:30 | CH | SVME − Purchasing Managers' Index (Nov) | 63.4 | 59.5 | 60.7 | |
| 08:55 | DE | PMI Manufacturing (Nov) | 53.7 | 52.9 | 51.7 | |
| 09:00 | EMU | PMI Manufacturing (Nov) | 52.8 | 52.6 | 51.5 | |
| 09:30 | UK | PMI Manufacturing (Nov) | 54.4 | 52.6 | 52.8 |
|
| 10:00 | EMU | Unemployment Rate (Oct) | 7.2% | 7.3% | 7.3% | |
| 15:00 | US | ISM Manufacturing (Nov) | 50.5 | 50.9 | ||
| Dec 4 | 00:00 | UK | BRC Retail Sales Monitor − All (YoY) (Nov) | 1% | ||
| 00:30 | AU | Building Permits (MoM) (Oct) | -2.0% | 6.8% | ||
| 00:30 | AU | Building Permits (YoY) (Oct) | 5.3% | 4.2% | ||