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Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Dec 4, 15:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Dec 4, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Dec 4, 12:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
| Tue, Dec 4, 15:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN |  |
| Tue, Dec 4, 16:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
| Tue, Dec 4, 17:00 GMT | Day Trading Series − Chapter I : Day Trading Basics (Part 1) | Markus Heitkoetter | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − The Pound rose above 2.0670 against the US Dollar by iFOREX.bg
GBP/USD Open 2.0641 High 2.0677 Low 2.0531 Close 2.0638.
The Pound rose above 2.0670 against the US Dollar, but before that tested its key resistance at 2.0590, which is 38% Fibonacci correction of the climb 1.9660 – 2.1155 and now play the role of support. Next support is expected at 2.0530, followed by 2.0470
- What's going on? 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:
USD/JPY Daily Technical Forex − USD/JPY Daily Technical Forex by Stoploss.ch
Daily Analysis − Negative Tune Stays as Uncertainty Grows by Finotec Group Inc.
EUR/USD Daily Technical Forex − EUR/USD Daily Technical Forex by Stoploss.ch
Majors at a Glance
- EUR/USD
- Moves up above first resistant level 1.4710
12/04/2007 12:03 GMT - GBP/USD
- Continues to trade around pivot level 2.0620
12/04/2007 12:03 GMT - USD/CHF
- Back below pivot level 1.1277
12/04/2007 11:47 GMT - USD/JPY
- Continues to move down below first support level 110.04
12/04/2007 11:47 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
Canada BOC INTEREST RATE ANNOUNCEMENT
| Date (GMT) | Event | Cons. | Previous | |
| Dec 4 | 14:00 | BoC Interest Rate Announcement | 4.5% | 4.5% |
Daily Market Briefing - Bank of Canada: Will They Cut Interest Rates? by FXCM
The Bank of Canada is the first central bank to announce their monetary policy decision this week and traders should be prepared for surprises. The market is currently pricing in a 60 percent chance of a quarter point rate cut even though economists do not expect a move.
[ Full Story ]- Canada Afternoon: C$ Ends Flat As Market Awaits BOC Decision (Dow Jones)
- Forex − Canadian dollar at 2−month low vs usd ahead of BoC rate decision Tue (Thomson Financial News)
Top Market Movers Review
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 4 | 10:00 | Producer Price Index (MoM) | 0.6% | 0.4% | 0.4% |
| Dec 4 | 10:00 | Producer Price Index (YoY) | 3.3% | 3.0% | 2.7% |
DATA SNAP: Euro−Zone Oct Producer Prices +0.6% MM, +3.3% YY (Dow Jones)
Prices of goods leaving the euro zone's factory gates surged ahead in October, due largely to a continued increase in energy prices. Producer prices rose 0.6% from September, the highest monthly increase since a 0.7% rise in July 2006, after a 0.4% gain in September, data from the European Union statistics agency Eurostat showed Tuesday.
[ Full Story ]- Read the PPI data at Eurostat
- Euro zone Oct PPI up 0.6 pct vs Sept, up 3.3 pct year−on−year (Thomson Financial News)
- Euro Zone's producer prices increase larger than expected in October (FXstreet.com)
- EU Oct Producer Price Index rises 0.6% on the month; 3.3% up on the year (FXstreet.com)
- Tony Juste, FX Advisor at FXstreet.com: "Producer Prices are still rising, showing a dangerous trend as consumption continues to slow while prices keep on scaling higher. If that is confirmed by the PPI again, the ECB will have a tough task in calling for a rate decision in its next meeting." − FXstreet.com
EMU economic indicators - German industrial new orders and output in the producing sector probably deteriorated in October by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 4 | 00:30 | AU | Building Permits (MoM) (Oct) | -2.8% | -2.0% | 6.8% |
| 00:30 | AU | Building Permits (YoY) (Oct) | -5.9% | 5.3% | 4.2% | |
| 00:30 | AU | Retail Sales (MoM) (Oct) | 0.2% | 0.6% | 0.8% | |
| 09:30 | UK | PMI Construction | 54.3 | 57.1 | 57.4 | |
| 10:00 | EMU | Producer Price Index (MoM) (Oct) | 0.6% | 0.4% | 0.4% | |
| 10:00 | EMU | Producer Price Index (YoY) (Oct) | 3.3% | 3.0% | 2.7% | |
| 14:00 | CA | BoC Interest Rate Announcement | 4.5% | 4.5% | ||
| 22:00 | US | ABC Consumer Confidence (Dec 2) | -21 | |||
| 22:30 | AU | RBA Interest Rate Decision | 6.75% | 6.75% | ||
| Dec 5 | 00:01 | UK | Nationwide Consumer Confidence (Nov) | 94 | 98 | |