Thursday, Dec 13, 12:06 GMT
U.S. Trading Newsletter
To Get Started
- Brand new Futures Quotes & Charts available
- Fed - Dec 11 Meeting: 25bp rate cut by FXstreet.com
- NEW Webinar Video: Main technical theme in the currency market by Jamie Saettele
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
Technical Analysis Q&A
Expert: Tony Juste
Start: Thu, Dec 13, 15:00 GMT
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Dec 13, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Dec 13, 15:00 GMT | Technical Analysis Q&A  | Tony Juste | WBN |  |
| Thu, Dec 13, 16:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
| Thu, Dec 13, 17:00 GMT | Trading with Tom Flora | Tom Flora | WBN | |
| Thu, Dec 13, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe − U.S.
EUR/USD
Daily Technical Strategist − Continues To Hesitate Ahead Of The 1.4751 Level by FXTechstrategy
EUR remains hesitant ahead of the 1.4751 level, its Nov 09'07 high for the third day in a row after failing to push above there at the end of Wednesday trading session. With daily momentum indicators still trending higher and nearer term recovery in force, risks are for a challenge on the said level with a loss of there opening the door for additional upside gains targeting its 1.618 Fib Ret (Monthly Chart) at 1.4918 and then the 1.4967 level, which marks its 2007 peak.
- GBP/USD & USD/CHF thoughts 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 Trading Strategy − Turbulent waters by MVDForex
Daily Analysis − The Dollar Keep Steady ahead of Publication from US by Finotec Group Inc.
Forex Technical Report − Forex Technical Report GBP/USD by iFOREX.bg
Majors at a Glance
- EUR/USD
- Continues to trade above opening price level 1.4704 , above pivot level 1.4702
12/13/2007 10:07 GMT - GBP/USD
- Moves down below pivot level 2.0462
12/13/2007 10:07 GMT - USD/CHF
- Moves down toward first support level 1.1280
12/13/2007 10:07 GMT - USD/JPY
- Moves down below pivot level 111.78
12/13/2007 10:07 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 PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Dec 13 | 13:30 | Producer Price Index (YoY) | 6.1% | 6.1% |
| Dec 13 | 13:30 | Producer Price Index (MoM) | 1.8% | 0.1% |
US economic indicators - FOMC is likely to lower the Fed Funds Rate by another 25 basis points to 4.25% by BHF−Bank
Producer prices (PPI) only rose by 0.1% mom in October although crude oil prices had already increased significantly by then. But the effect on PPI was probably only delayed, and we expect them to have risen by 1.6% mom and 6.2% yoy in November.
[ Full Story ]- Ahead of the Bell: Producer Price Index (Thomson Financial News)
Top Market Movers Review
UK CBI INDUSTRIAL TRENDS SURVEY − ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 13 | 11:00 | CBI Industrial Trends Survey − Orders (MoM) | 2% | - | 8% |
DATA SNAP: UK CBI Dec Output Balance +3 Vs +9 In Nov (Dow Jones)
U.K. industrial output eased in December, figures from the Confederation of British Industry showed Thursday. Industrial output dipped to a balance of +3, the lowest figure since January 2006 when it was +1, and well below the average of +15 seen over 2007, the CBI said.
[ Full Story ]- Read the report: Manufacturing steps down a gear at CBI
- UK manufacturing activity slows down in December according the CBI (FXstreet.com)
- UK manufacturing activity slows in December − CBI (Thomson Financial News)
- United Kingdom CBI Industrial Trends Survey − Orders declines to 2% in Dec from 8% in Nov (FXstreet.com)
EMU ECB PUBLISHES MONTHLY REPORT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 13 | 09:00 | ECB Publishes Monthly Report | - | - | - |
ECB says upside inflation risks fully confirmed, ready to act if necessary (Thomson Financial News)
The European Central Bank once again voiced concerns over euro zone inflation risks and said it is ready to act if necessary to prevent an inflationary price spiral in the euro zone.
[ Full Story ]- Read full Monthly Bulletin at ECB
- ECB says euro zone food price inflation may accelerate further in coming months (Thomson Financial News)
- ECB says US, euro zone banks curbing loan standards less than in past slowdowns (Thomson Financial News)
- ECB's Bini Smaghi: CPI Goal No Obstacle To Market Steering−Report (Dow Jones)
- Tony Juste, FX Advisor at FXstreet.com: "It will be very interesting to see what is the tone that the ECB uses this time in its monthly report with respect to the economy and the interest rate outlook. With the clear dilemma on the table whether to respond to inflation or growth, this report may gives us an idea of what the central ban might do next, I believe it is a good event to monitor." − FXstreet.com
Daily Technical Strategist - EURUSD: Break Of The 1.4751 Level Required To Open Up Risk Towards The 1.4967 by FXTechstrategy
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 13 | 04:30 | JP | Capacity Utilization (Oct) | 110.2 | 108.6 | |
| 04:30 | JP | Industrial Production (YoY) (Oct) | 4.7% | 0.8% | ||
| 08:30 | CH | SNB Interest Rate Decision | 2.75% | 2.75% | 2.75% | |
| 09:00 | EMU | ECB Publishes Monthly Report | ||||
| 10:00 | EMU | Labor Costs (YoY) (3Q) | 2.5% | 2.4% |
||
| 11:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Dec) | 2% | 8% | ||
| 13:30 | US | Continuing Jobless Claims (Dec 1) | 2599K | |||
| 13:30 | US | Initial Jobless Claims (Dec 8) | 338K | |||
| 13:30 | CA | Manufacturing Sales (MoM) (Oct) | -1.5% | -0.9% | ||
| 13:30 | CA | New Housing Price Index (YoY) (Oct) | 0.3% | 6.2% | ||