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U.S. Trading Newsletter
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Live Sessions Schedule
FX Instructor Live Trading Rooms
Expert: Sunil Mangwani
Start: Wed, Dec 19, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
Main Fundamental theme in the Currency market
Expert: Kathy Lien
Start: Wed, Dec 19, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Dec 19, 12:00 GMT | FX Instructor Live Trading Rooms  | Sunil Mangwani | WBN | |
| Wed, Dec 19, 14:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN | |
| Wed, Dec 19, 15:00 GMT | Tracking the forex market together / Part II: Review | Dr.S.Sivaraman | WBN |  |
| Wed, Dec 19, 16:00 GMT | Trading with Relative Strength | S. Wade Hansen | WBN | |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − GBP/USD 2.0168 − 19 December by iFOREX.bg
GBP/USD Open 2.0164 High 2.0228 Low 2.0098 Close 2.0157
The downward pressure for the Cable deepened, but the bottom from Monday was not broken. Yesterday the GBP/USD closed just under the 200 day MA.
- Suspicious USD rally ahead of bullish triggers... 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:
EUR/JPY Daily Technical Forex − EUR/JPY Daily Technical Forex by Stoploss.ch
EUR/USD Daily Technical Forex − EUR/USD Daily Technical Forex by Stoploss.ch
Daily Analysis − Euro Enters Selling Pressure by Finotec Group Inc.
Majors at a Glance
- EUR/USD
- Moves down toward first support level 1.4373
12/19/2007 09:49 GMT - GBP/USD
- Back above first support level 2.0095
12/19/2007 09:51 GMT - USD/CHF
- Moves up toward second resistant level 1.1564
12/19/2007 09:52 GMT - USD/JPY
- Trades around pivot level 113.23
12/19/2007 09:54 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, 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
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Dec 20 | 05:00 | BoJ Interest Rate Decision | 0.5% | 0.5% |
Bank of Japan to forego rate hike amid credit, economic uncertainty − analysts (Thomson Financial News)
The Bank of Japan (BoJ) is expected to forego hiking interest rates at its two−day policy meeting, which kicks off at noon, as it needs more time to assess the impact of the credit crisis and financial market turmoil on the US and Japanese economies, analysts said Wednesday.
[ Full Story ]- Japanese government bond prices end morning flat to higher ahead of BoJ move (Thomson Financial News)
- Japan Outlook:BOJ Mtg;Oct All Industries;Honda CEO,Sharp CEO (Dow Jones)
Top Market Movers Review
UK CBI DISTRIBUTIVE TRADES SURVEY − REALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 19 | 11:00 | CBI Distributive Trades Survey − Realized (MoM) | 8 | - | 13 |
UK Dec retail sales slow, expectations for Jan fall − CBI UPDATE (Thomson Financial News)
Retail sales in the UK slowed ahead of the crucial holiday shopping period, and will likely worsen in the New Year, the country's leading business lobby group said today.
[ Full Story ]- Read the Distributive Trades Survey data at CBI
- UK CBI retail sales post the weakest growth in a year (FXstreet.com)
- DATA SNAP: UK CBI Dec Sales Volume Eases To +8 Vs +13 In Nov (Dow Jones)
- UK Dec retail sales slow, expectations for Jan fall − CBI (Thomson Financial News)
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 19 | 09:30 | Bank of England Minutes | - | - | - |
BoE MPC voted unanimously to cut rates to 5.50 pct as growth fears dominated (Thomson Financial News)
Bank of England rate setters voted unanimously to cut interest rates a quarter point to 5.50 pct at its December 6 meeting saying the downside risks to the economy outweighed near−term concerns about higher inflation.
[ Full Story ]- Read full MPC Minutes − December 2007 at BoE
- UPDATE: Bank Of England Committee Unanimously Backed December Cut (Dow Jones)
- Forex − Pound weakens after BoE minutes show concerns for growth (Thomson Financial News)
- BOE approved unanimously to cut rates at Dec 5th meeting (FXstreet.com)
Daily Forex Technical Report − Cable Still Pressing Channel Support, Looking to MPC Minutes for Trigger by ActionForex.com
Daily Forex Outlook - UK CPI flat, ahead of BoE minutes. ECB inject funds, as RBA sound hawkish by Easy Forex
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 19 | 09:00 | IFO − Expectations | 98.2 | 98.0 | 98.3 |
| Dec 19 | 09:00 | IFO − Business Climate | 103.0 | 103.8 | 104.2 |
German IFO Business Climate Index eases to 103.0 in December from 104.2 in Nov (FXstreet.com)
Business climate has deteriorated further in Germany in November, following declining trend going on since the beginning of the year, according to data provided by the IFO economic research institute.
[ Full Story ]- Read full IFO survey data at CES ifo
- European govt bonds rise as stocks falter; German data eases (Thomson Financial News)
- UPDATE: Ifo Sinn: Downward Trend Is Continuing − Bloomberg TV (Dow Jones)
- December Ifo Business climate is the worst in two years − UPDATE (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 19 | 07:00 | DE | Producer Price Index (MoM) (Nov) | 0.8% | 0.4% | 0.4% |
| 09:00 | DE | IFO − Business Climate (Dec) | 103.0 | 103.8 | 104.2 | |
| 09:00 | DE | IFO − Expectations (Dec) | 98.2 | 98.0 | 98.3 | |
| 09:30 | UK | Bank of England Minutes | ||||
| 10:00 | EMU | ECB's Trichet Speaks | ||||
| 11:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Dec) | 8 | 13 | ||
| 12:00 | US | MBA Mortgage Applications (Dec 14) | 14.2% | |||
| 13:30 | CA | Wholesale Sales (MoM) (Oct) | 0.2% | 1.1% | ||
| 21:45 | NZ | Current Account (3Q) | -4.860B | -2.914 | ||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Nov) | ¥966.7B | ¥1072.6B | ||