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Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − GBP/USD 2.0401 − 12 December by iFOREX.bg
GBP/USD Open 2.0355 High 2.0512 Low 2.0332 Close 2.0409
The Pound/US Dollar is positioned between the key levels 2.0335 and 2.0515, which are 61.6% and 49.8% respectively correction of the climb 1.9880 − 2.1150. The bottom key level 2.0335 is the first support for today, followed by 2.0280 and 2.0215 if broken.
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Other Topics for this Session:
Daily Technical Analysis − EUR: Little to add as we consolidate above trendline support by Mizuho Corporate Bank
Daily Analysis − Uncertainty Remains After The Fed Decision by Finotec Group Inc
Daily technical research − EurUsd slipped lower in yesterday's US session by FX Instructor
Majors at a Glance
- EUR/USD
- Continues to trade around pivot level 1.4681
12/12/2007 12:03 GMT - GBP/USD
- Moves up toward first resistant level 2.0465
12/12/2007 12:03 GMT - USD/CHF
- Trades above pivot level 1.1308
12/12/2007 12:04 GMT - USD/JPY
- Continues to trade around pivot level 111.09
12/12/2007 12:04 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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Dec 12 | 13:30 | Trade Balance | -$57.30 | -$56.45B |
US economic indicators - FOMC is likely to lower the Fed Funds Rate by another 25 basis points to 4.25% by BHF−Bank
Import prices rose by another 1.8% mom mainly due to energy prices in October, but as the volume of oil imports seems to have decreased further, we only expect the trade deficit to have widened slightly from $56.5 to about $57.0bn in October.
[ Full Story ]- Ahead of the Bell: Trade Balance (Thomson Financial News)
Top Market Movers Review
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 12 | 10:00 | Industrial Production w.d.a. (YoY) | 3.8% | 3.7% | 3.3% |
| Dec 12 | 10:00 | Industrial Production s.a. (MoM) | 0.4% | 0.2% | -0.8% |
DATA SNAP: Euro−Zone Oct Indus Output +0.4% MM; +3.8% On Yr (Dow Jones)
Industrial production in the 13 countries that share the single currency recovered in October, as increased output of intermediate goods and capital goods pushed the measure higher.
[ Full Story ]- Read the report: Industrial production up by 0.4% in euro area at Eurostat
- Euro Zone Oct industrial output up 0.4 pct vs Sept, up 3.8 pct year−on−year (Thomson Financial News)
- Euro Zone Industrial Production rose higher than expected in October (FXstreet.com)
- EU Industrial Production s.a. increases 0.4% in Oct; 3.8% up on the month (FXstreet.com)
EMU economic indicators - German ZEW economic sentiment is expected to decline in December by BHF−Bank
UK ILO UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 12 | 09:30 | ILO Unemployment Rate | 5.3% | 5.4% | 5.4% |
| Dec 12 | 09:30 | Claimant Count Rate | 2.5% | 2.6% | 2.6% |
| Dec 12 | 09:30 | Jobless Claims Change | -11.1K | -5.0K | 10.6K |
UPDATE: UK Jobless Rate Hits 32−Yr Low Of 2.5% In Nov (Dow Jones)
The U.K. unemployment rate reached its lowest level in 32 years in November, marking 14 straight months of decline, data from the Office for National Statistics released Wednesday showed.
[ Full Story ]- Read the Employment data at National Statistics
- UK Claimant Count rate decreases by 11,100 in November, larger than expected (FXstreet.com)
- DATA SNAP: UK Jobless Rate Marks 32−Yr Low Of 2.5% In Nov (Dow Jones)
- UK Nov claimant count falls 11,100, taking rate and level to lowest since 1975 (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 12 | 10:00 | EMU | Employment Change (QoQ) (3Q) | 0.3% | 0.6% |
|
| 10:00 | EMU | Employment Change (YoY) (3Q) | 1.9% | 1.8% |
||
| 10:00 | EMU | Industrial Production s.a. (MoM) (Oct) | 0.4% | 0.2% | -0.8% |
|
| 10:00 | EMU | Industrial Production w.d.a. (YoY) (Oct) | 3.8% | 3.7% | 3.3% |
|
| 10:00 | CH | ZEW Survey − Expectations (Dec) | -29.7 | -28.9 | ||
| 12:00 | US | MBA Mortgage Applications (Dec 7) | 14.2% | 22.5% | ||
| 13:30 | US | Import Price Index (MoM) (Nov) | 2.0% | 1.8% | ||
| 13:30 | US | Import Price Index (YoY) (Nov) | 11.0% | 9.6% | ||
| 13:30 | CA | International Merchandise Trade (Oct) | $2.20B | $2.65B | ||
| 13:30 | US | Trade Balance (Oct) | -$57.30 | -$56.45B | ||