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Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Dec 24, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
US Pre−Market Open
Expert: Ed Ponsi
Start: Thu, Dec 27, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Dec 21, 12:00 GMT | The Numbers Method : The easy way to trade with new entries method | Flávio Lemos | WBN |  |
| Mon, Dec 24, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Thu, Dec 27, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
| Thu, Dec 27, 16:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − GBP/USD 1.9848 − 21 December by iFOREX.bg
GBP/USD Open 1.9963 High 1.9982 Low 1.9812 Close 1.9889.
Resistance for the Cable is the easily broken 1.9990, which is 75.7% 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.
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- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
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Other Topics for this Session:
Daily Analysis − Credit worries pull back the dollar after a sharp bounce by Finotec Group Inc.
Technical Summary for Majors − Extended decline from 23 Nov all−time high at 1.4968 to complete head and shoulders top by Windsor Brokers Ltd
The Word of Majors − EUR/USD: downside cools off, rebound to test resistance likely by FXstreet.com
Majors at a Glance
- EUR/USD
- Back below first resistant level 1.4377
12/21/2007 11:53 GMT - GBP/USD
- Continues to trade around pivot level 1.9879
12/21/2007 11:53 GMT - USD/CHF
- Back around first support level 1.1552
12/21/2007 11:53 GMT - USD/JPY
- Moves up toward first resistant level 113.43
12/21/2007 11:54 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
US PERSONAL INCOME
| Date (GMT) | Event | Cons. | Previous | |
| Dec 21 | 13:30 | Personal Income (MoM) | 0.5% | 0.2% |
| Dec 21 | 13:30 | Personal Spending | 0.6 | 0.2 |
Ahead of the Bell: Income and Spending (Thomson Financial News)
Government data due out Friday is expected to show that both personal income and spending on goods and services grew at a faster rate in November than in the prior month.
[ Full Story ]Top Market Movers Review
UK RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 21 | 09:30 | Retail Sales (YoY) | 4.4% | 4.4% | 4.2% |
| Dec 21 | 09:30 | Retail Sales (MoM) | 0.4% | 0.2% | 0.0% |
DATA SNAP: UK Nov Retail Sales Up 0.4% In Nov Vs Oct (Dow Jones)
The volume of U.K. retail sales increased by more than expected in November from October, the Office for National Statistics said Friday. Retail sales volumes grew 0.4% on the month and 4.4% on the year, compared with economists' expectations of 0.2% growth on the month and annual growth of 4.5%.
[ Full Story ]- Read the Retail sales data at National Statistics
- UPDATE: UK Nov Retail Sales +0.4% On Mo Vs Flat In Oct (Dow Jones)
- Forex − Pound little moved by surprisingly strong UK retail sales (Thomson Financial News)
- UK Nov retail sales up 0.4 pct from October, driven by internet sales (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 21 | 09:00 | EMU | Current Account s.a (Oct) | 1.3B | 1.8B | 1.9B |
| 09:30 | UK | Retail Sales (MoM) (Nov) | 0.4% | 0.2% | 0.0% |
|
| 09:30 | UK | Retail Sales (YoY) (Nov) | 4.4% | 4.4% | 4.2% |
|
| 10:00 | UK | Index of Services (Oct) | 0.7% | 0.7% | 0.8% |
|
| 10:00 | EMU | Industrial New Orders (YoY) (Nov) | 10.9% | 6.5% | 2.4% |
|
| 10:00 | EMU | Industrial New Orders s.a. (MoM) (Oct) | 2.5% | 2.0% | -1.0% |
|
| 13:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Nov) | 0.2% | 0.2% | ||
| 13:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (Nov) | 2.0% | 1.9% | ||
| 13:30 | CA | Gross Domestic Product (MoM) (Oct) | 0.1% | 0.1% | ||
| 13:30 | US | Personal Income (MoM) (Nov) | 0.5% | 0.2% | ||