Monday, Dec 10, 12:20 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Nader Moustafa
Start: Mon, Dec 10, 14:00 GMT
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Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Dec 10, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Dec 10, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Dec 10, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Dec 10, 14:00 GMT | FX Instructor Live Trading Room | Nader Moustafa | WBN | |
| Mon, Dec 10, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Market Commentary − The non−farm payrolls report was mixed and the dollar was exceptionally well behaved by Global Forex Trading
The euro/dollar closed flat for two days in a row and the direction remains fuzzy. Choppy trading is likely today. Immediate resistance is still seen at 1.4665. Above 1.4720, strong resistance is seen at 1.4770. Initial support remains at 1.4585. A break below 1.4530 would suggest a test of 1.4445.
- Techs working at full speed... 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:
Forex Trading Strategies − USD fails to get boost from Friday's employment report by Saxo Bank
Forex Technical Report − Forex Technical Report GBP/USD by iFOREX.bg
Weekly Analysis − The market awaits Fed rate decision by Finotec Group Inc.
Majors at a Glance
- EUR/USD
- Trades around first resistant level 1.4686
12/10/2007 12:07 GMT - GBP/USD
- Trades around second resistant level 2.0416
12/10/2007 12:08 GMT - USD/CHF
- Trades around opening price level 1.1277 , below pivot level 1.1296
12/10/2007 12:08 GMT - USD/JPY
- Moves up toward first resistant level 111.91
12/10/2007 12:13 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 PENDING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Dec 10 | 15:00 | Pending Home Sales (MoM) | -1.0% | 0.2% |
Ahead of the Bell: Pending Home Sales (Thomson Financial News)
Those watching for how−low−can−it−go signs in the housing market will get a good sense of the current depth with Monday's release of the October index that forecasts near−term home sales.
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "As the housing market takes center stage in this the last part of the year, pending home sales will be important to measure the state of the conditions of the real estate market in the US, and a guide to what to expect in the months ahead. Expect some real volatility on the data." − FXstreet.com
Top Market Movers Review
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 10 | 09:30 | Producer Price Index − Input (YoY) n.s.a | 10.3% | 9.2% | 8.5% |
| Dec 10 | 09:30 | Producer Price Index − Output (YoY) n.s.a | 4.5% | 4.3% | 3.9% |
| Dec 10 | 09:30 | Producer Price Index − Output (MoM) n.s.a | 0.5% | 0.4% | 0.6% |
| Dec 10 | 09:30 | Producer Price Index − Input (MoM) s.a | 1.7% | 1.4% | 1.8% |
DATA SNAP: UK Nov PPI Output Up 0.5% On Mo, Up 4.5% On Yr (Dow Jones)
The U.K. producers output price index rose at its strongest annual rate since August 1991, confirming that the economy is still facing inflation pressures, data from the Office of National Statistics showed Monday.
[ Full Story ]- Read the Producer Prices data at National Statistics
- UK producer prices increase faster in November (FXstreet.com)
- UK Nov pipeline inflationary pressures show no sign of abating (Thomson Financial News)
- United Kingdom Producer Price Index − Input rises 1.7% in November; 10.2% up on the year (FXstreet.com)
- Tony Juste, FX Advisor at FXstreet.com: "With slowing growth concerns over UK, now the question in the region remains whether inflation will continue at high levels (thus adding pressure to the BoE) or not. The PPI data will shed some light to this question." − FXstreet.com
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 10 | 07:00 | Trade Balance | 18.7B | 16.8B | 18.1B |
| Dec 10 | 07:00 | Current Account | 13.7B | 14.2B | 15.4B |
DATA SNAP: German Oct Trade EUR18.7 Bln Vs Sep +EUR18.1 Bln (Dow Jones)
Germany's trade surplus rose more than expected in October, while its current account surplus was slightly lower than forecast by the market, data from the Federal Statistics Office showed Monday.
[ Full Story ]- Read the German exports in October 2007: +6.3% on October 2006 at German Statistics
- German Oct trade surplus 18.7 bln eur vs 18.1 bln in Sept (Thomson Financial News)
- German trade balance surplus widens in October (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 10 | 07:00 | DE | Current Account (Oct) | 13.7B | 14.2B | 15.4B |
| 07:00 | DE | Trade Balance (Oct) | 18.7B | 16.8B | 18.1B | |
| 09:30 | UK | Producer Price Index − Input (MoM) s.a (Oct) | 1.7% | 1.4% | 1.8% | |
| 09:30 | UK | Producer Price Index − Input (YoY) n.s.a (Nov) | 10.3% | 9.2% | 8.5% |
|
| 09:30 | UK | Producer Price Index − Output (MoM) n.s.a (Nov) | 0.5% | 0.4% | 0.6% | |
| 09:30 | UK | Producer Price Index − Output (YoY) n.s.a (Nov) | 4.5% | 4.3% | 3.9% |
|
| 13:15 | CA | Housing Starts (YoY) (Nov) | 220K | 219K | ||
| 15:00 | US | Pending Home Sales (MoM) (Oct) | -1.0% | 0.2% | ||
| 15:30 | UK | Leading Indicator Index (Oct) | -0.1% | |||
| Dec 11 | 00:30 | AU | National Australia Bank's Business Confidence (Nov) | 9 | ||