Thursday, Dec 20, 12:05 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Thu, Dec 20, 12:30 GMT
Sponsored by: 
Type of Session: Webinar
MONTHLY WEBINAR − Part 1: Using stops effectively
Expert: Sunil Mangwani
Start: Thu, Dec 20, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Dec 20, 12:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Thu, Dec 20, 15:00 GMT | MONTHLY WEBINAR − Part 1: Using stops effectively | Sunil Mangwani | WBN | |
| Thu, Dec 20, 17:00 GMT | MONTHLY WEBINAR − Part 2: Trading the FxInstructor setups  | Sunil Mangwani | WBN |  |
| Fri, Dec 21, 11:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − GBP/USD 1.9936 − 20 December by iFOREX.bg
GBP/USD Open 1.9963 High 2.0186 Low 1.9888 Close 2.0000
Resistance for the Cable is the easily broken 1.9995, which is 75.8% correction of the climb 1.9655−2.1155. Next are the broken level 2.0090, which was limiting the dropping during the first half of this week.
- Carry unwinding is USD supportive once more 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 USD/JPY by iFOREX.bg
USD/JPY Daily Technical Forex − USD/JPY Daily Technical Forex by Stoploss.ch
Daily Analysis − Dollar holds gain versus majors on year−end high demand by Finotec Group Inc
Majors at a Glance
- EUR/USD
- Continues to move down below first support level 1.4330
12/20/2007 11:55 GMT - GBP/USD
- Continues to move down below first support level 1.9873
12/20/2007 11:56 GMT - USD/CHF
- Moves up above first resistant level 1.1588
12/20/2007 11:57 GMT - USD/JPY
- Back around pivot level 113.22 after bounced at first support level 112.93
12/20/2007 11:58 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
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| Dec 20 | 13:30 | Gross Domestic Product Annualized | 4.9% | 4.9% |
US economic indicators - Housing market data will indicate ongoing weakness by BHF−Bank
The final results for GDP in Q3 may not differ much from the preliminary ones, but inventories' contribution could have been revised downwards slightly. We nevertheless expect the final annualised GDP growth rate to be confirmed at 4.9% in Q3.
[ Full Story ]- Special Webinar: Watch Live Coverage of the US GDP with Jerry Furst
- Ahead of the Bell: 3Q economic growth (Thomson Financial News)
- OUTLOOK Highlights of US economic data to be released this week (Thomson Financial News)
Top Market Movers Review
UK GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 20 | 09:30 | Gross Domestic Product (QoQ) | 0.7% | 0.7% | 0.8% |
| Dec 20 | 09:30 | Gross Domestic Product (YoY) | 3.3% | 2.9% | 3.1% |
UPDATE: UK 3Q GDP Lifted To +3.3% On Yr; Saving Ratio Slips (Dow Jones)
U.K. gross domestic product grew a higher−than−estimated 3.3% on the year in the third quarter, but households saved less to make up for lower disposable income growth, data released Thursday showed.
[ Full Story ]- Read the GDP Growth data at National Statistics
- Forex − Pound edges up tentatively as UK Q3 annual GDP revised up (Thomson Financial News)
- UK 3Q Gross Domestic product revised to 3.3% year on year growth (FXstreet.com)
- UK Q3 GDP growth confirmed at quarterly 0.7 pct, annual rate raised to 3.3 pct (Thomson Financial News)
European and US summary - GDP Plummets on Dovish BoE by Forexnews.com
UK M4 MONEY SUPPLY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 20 | 09:30 | M4 Money Supply (MoM) | 0.1% | 0.4% | 0.2% |
| Dec 20 | 09:30 | M4 Money Supply (YoY) | 11.1% | 11.6% | 11.8% |
| Dec 20 | 09:30 | M4 Sterling Lending | £16.7 | £15.7B | £19.5B |
UK Nov money supply up 0.1 pct from Oct; up 11.1 pct on the year − BoE (Thomson Financial News)
UK money supply growth almost slowed to a standstill in November, provisional figures from the Bank of England showed. In its first release of the money supply for November, the central bank said M4, a broad measure of money supply, rose only 0.1 pct from October for an 11.1 pct yearly rise.
[ Full Story ]- Read the M4 Money data at BoE
- UK Money supply increases less than expected in November (FXstreet.com)
- United Kingdom M4 Sterling Lending falls to £16.7 in Nov from £19.2B (FXstreet.com)
- United Kingdom Nov M4 Money Supply (MoM) rises by 0.1%, (YoY) up by 11.1 (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 20 | 09:30 | UK | BSA Mortgage approvals s.a | 4.5B | 4.2B |
|
| 09:30 | UK | Current Account (3Q) | £-20.0B | -£11.4B | -£13.7B |
|
| 09:30 | UK | Gross Domestic Product (YoY) (3Q) | 3.3% | 2.9% | 3.1% | |
| 09:30 | UK | M4 Money Supply (MoM) (Nov)  | 0.1% | 0.4% | 0.2% | |
| 09:30 | UK | M4 Money Supply (YoY) (Nov) | 11.1% | 11.6% | 11.8% | |
| 09:30 | UK | Public Sector Net Borrowing | £11.2B | -£0.4B |
||
| 13:30 | US | Continuing Jobless Claims (Dec 8) | 2639K | |||
| 13:30 | US | Gross Domestic Product Annualized (3Q) | 4.9% | 4.9% | ||
| 13:30 | US | Initial Jobless Claims (Dec 15) | 335M | 333K | ||
| 15:00 | US | Leading Indicators (MoM) (Nov) | -0.3% | -0.5% | ||