Tuesday, Dec 11, 12:10 GMT
U.S. Trading Newsletter
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Top Story: Fed Interest Rate Decision
Dec 11, 11:53 GMTCentral Banks: Fed − Dec 11 Meeting Preview by FXstreet.com
The FOMC meeting is about to be one of the most important in the last months. All of the economists are eagerly awaiting the decision of the Fed, forecasting that there will be at least a 25bp rate cut. Some of the more daring analyst even expect a 50bp cut.
- Special webinar: Live Coverage of FOMC US Interest Rate Announcement with Jerry Furst
Live Sessions Schedule
Forex with Ed Ponsi
Expert: Ed Ponsi
Start: Tue, Dec 11, 14:30 GMT
Type of Session: Webinar
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Dec 11, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Dec 11, 12:00 GMT | FX Instructor Live Trading Room | Mihai Marinescu | WBN |  |
| Tue, Dec 11, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Tue, Dec 11, 14:30 GMT | Forex with Ed Ponsi | Ed Ponsi | WBN | |
| Tue, Dec 11, 15:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN | |
Current Session: Europe − U.S.
EUR/USD
Forex Daily Analysis − 11/12/'07 − US Interest Rate Statement On Tap by ForexYard
There is a bullish configuration forming on the 4 Hour chart. The volatility is high and the EUR/USD is in a consolidation stage, especially after the pair broke the 1.4740 resistance level. The price should continue to move upwards in the 1.4700−1.4800 range. As it seems, the bullish pressure will continue to gather momentum at least until the weeks end.
- Intraday reversal 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 Technical Report − Forex Technical Report GBP/USD by iFOREX.bg
EUR/JPY Daily Technical Forex − EUR/JPY Daily Technical Forex by Stoploss.ch
Daily Analysis − Markets Awaits The Fed Rate Decision by Finotec Group Inc.
Majors at a Glance
- EUR/USD
- Moves down toward first support level 1.4656
12/11/2007 12:08 GMT - GBP/USD
- Moves up toward first resistant level 2.0536
12/11/2007 10:05 GMT - USD/CHF
- Back below first resistant level 1.1309
12/11/2007 10:05 GMT - USD/JPY
- Moves up toward second resistant level 112.17
12/11/2007 10:06 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 WHOLESALE INVENTORIES
| Date (GMT) | Event | Cons. | Previous | |
| Dec 11 | 15:00 | Wholesale Inventories | 0.5% | 0.8% |
Economists see slower inventory growth (Thomson Financial News)
Government data due out Tuesday is expected to show that wholesale inventories rose at a slower rate in October than the month before, a sign that distributors may be trying to limit their stockpiles in the face of weak retail sales.
[ Full Story ]Top Market Movers Review
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 11 | 10:00 | ZEW Survey − Economic Sentiment | -35.7 | -35.0 | -30.0 |
| Dec 11 | 10:00 | ZEW Survey − Economic Sentiment | -37.2 | -34.5 | -32.5 |
German ZEW Dec economic expectations index −37.2 pts vs −32.5 in Nov UPDATE (Thomson Financial News)
The ZEW research institute said its economic expectations index for Germany was at −37.2 points in December compared with −32.5 in November, below the consensus estimate. Economists polled by Thomson Financial News had expected the index to fall to −35 points.
[ Full Story ]- Read the ZEW Indicator of Economic Sentiment data at ZEW
- 2nd UPDATE: German ZEW Econ Sentiment Lowest Since Jan 1993 (Dow Jones)
- UPDATE: German ZEW Econ Sentiment Lowest Since Jan 1993 (Dow Jones)
- German ZEW Economic sentiment index, at historical low in December (FXstreet.com)
EMU economic indicators - German ZEW economic sentiment is expected to decline in December by BHF−Bank
UK TOTAL TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 11 | 09:30 | Total Trade Balance | -4.1 | -4.6 | -4.8B |
DATA SNAP: UK Oct Trade Deficit Narrows To GBP7.1 Bln (Dow Jones)
The U.K's trade deficit with the rest of the world narrowed to GBP7.1 billion in October, driven by higher exports of cars and intermediate goods, the Office of National Statistics said Tuesday.
[ Full Story ]- Read the UK trade − Oct 2007 at National Statistics
- UPDATE: UK Oct Trade Deficit Narrows To GBP7.1 Bln (Dow Jones)
- UK Oct trade in goods deficit narrows to 7.1 bln stg from record 8.0 bln in Sept (Thomson Financial News)
- UK trade gap narrows to 4.1 billion in October (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 11 | 00:30 | AU | National Australia Bank's Business Confidence (Nov) | 6 | 9 | |
| 05:00 | JP | Consumer Confidence Households (Nov) | 39.8 | 43.0 | 42.8 | |
| 07:00 | AU | RBA's Governor Glenn Stevens Speaks | ||||
| 09:30 | UK | Total Trade Balance (Oct) | -4.1 | -4.6 | -4.8B |
|
| 10:00 | DE | ZEW Survey − Economic Sentiment (Dec) | -37.2 | -34.5 | -32.5 | |
| 10:00 | EMU | ZEW Survey − Economic Sentiment (Dec) | -35.7 | -35.0 | -30.0 | |
| 15:00 | US | Wholesale Inventories (Oct) | 0.5% | 0.8% | ||
| 19:15 | US | Fed Interest Rate Decision | 4.25% | 4.50% | ||
| 22:00 | US | ABC Consumer Confidence (Dec 9) | -20 | -24 | ||
| 23:30 | AU | Westpac Consumer Confidence (Dec) | -4.2% | |||