Monday, Dec 01, 12:02 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Trade What Is Real, Not What You Feel: Quantifying Supply (resistance) and Demand (support) In The Forex Markets by Sam Seiden
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Starting the day by Valeria Bednarik
December! another year fly away, and market evolution continues; trading is turning more and more sophisticated day by day, tools and services also, and if you want to stay, better move as quick as it. We are starting quite a week today, with rates decisions in Europe, England, Australia and New Zeland, where all central banks are widely expected to reduce them.
Trade Setups: My Head Hurts! - Part Deux by Phil Newton
FX Market Readings: Last month of the year -expected FX market moves…. by Dr. S. Sivaraman
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Dec 1, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Dec 1, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Dec 1, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Dec 1, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Dec 1, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Dec 1, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
Current Session: Europe − U.S.
GBP/USD
Friday trading was thin in global risk aversion ahead of Central banks meetings
ACM − Advanced Currency Markets − Market dropped as low as 1.4558 on November 13th in current 3−month downtrend dropping from late October 1.6673 high. Strong supports hold 1.4560 trendline and 1.3682 March 2001 low. On the upside, strong resistance holds 1.6673 30th October high ahead of 1.7080 (38.2% retracement of 2.1161 – 1.4558). Further resistance holds 1.7860 (50% retracement). Tuesday volatile market hit 1.5534 high and actual initial resistance.
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EUR/USD
Forex Economic Analysis − EUR/USD is in а downtrend, after finalizing the rebound from 1.3882 by www.deltastock.com
EUR/USD is in а downtrend, after finalizing the rebound from 1.3882 (Sept. 11 2008) at 1.3882. Technical indicators are falling, and trading is situated below the 50− and 200−Day SMA, currently projected at 1.3292 and 1.4866.
USD/JPY
Weekly Technical Commentary − Testing the lower edge of the ‘triangle' though above November's low at 93.53 by Mizuho Corporate Bank
Testing the lower edge of the ‘triangle' though above November's low at 93.53. Hopefully we will get a successful break this week and we continue to feel there is another downside move due by the end of this year
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US ISM MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Dec 1 | 15:00 | ISM Manufacturing | 37.5 | 38.9 |
Daily Market Briefing - US Dollar Gains, But Fails to Recoup Week's Losses − US ISM Reports, NFPs Bound to Shake Things Up by FXCM
The US dollar generally ended the week lower across the majors, but lacked the momentum to yield the breakouts expected amidst the low volume trading typical of US market holidays.
[ Full Story ]Daily Trading Forecast - Increasing Pressure on ECB to Lower Rates Soon by Swiss e Trade AG
US economic indicators - ISM indices (Nov): declining further by BHF−Bank
Top Market Movers Review
UK PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 1 | 09:30 | Purchasing Manager Index Manufacturing | 34.4 | 39.5 | 41.5 |
UK manufacturing PMI, sinks further in November (FXstreet.com)
Manufacturing activity has plunged to 34.4 in November from 41.1 in October, according to the latest Manufacturing Purchasing Managers' Index.
[ Full Story ]- Markit Economics homepage
- UPDATE: Record Low UK Mfg PMI Adds Pressure For Big Rate Cut (Dow Jones)
- INSTANT VIEW 4−UK manufacturing plunges at record pace in Nov (Thomson Financial News)
- INSTANT VIEW 3−UK manufacturing plunges at record pace in Nov (Thomson Financial News)
Daily Forex Technical Report − Dollar and Yen Mildly Firmer, Focus on Manufacturing Data by ActionForex.com
Friday Notes - UK PMI: Manufacturing... by HVB Group
EMU PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 1 | 09:00 | Purchasing Manager Index Manufacturing | 35.6 | 36.2 | 41.1 |
Euro Zone Manufacturing PMI drops lower in November (FXstreet.com)
Manufacturing activity has weakened in November to historically low levels showing that manufacturing activity drops deeper into contraction for already six consecutive months.
[ Full Story ]- Markit Economics homepage
- INSTANT VIEW 5−Eurozone factory PMI tumbles to 35.6 in Nov (Thomson Financial News)
- INSTANT VIEW 4−Eurozone factory PMI tumbles to 35.6 in Nov (Thomson Financial News)
- INSTANT VIEW 3−Eurozone factory PMI tumbles to 35.6 in Nov (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 1 | 09:30 | UK | Consumer Credit (Oct) | £0.8B | £0.6B | £0.3B |
| 09:30 | UK | M4 Money Supply (MoM) (Oct) | 2.8% | 1.7% |
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| 09:30 | UK | M4 Money Supply (YoY) (Oct) | 15.3% | 12.2% |
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| 09:30 | UK | M4 Sterling Lending (Oct) | £39.8 | £33.1B | ||
| 09:30 | UK | Mortgage Approvals (Oct) | 32K | 32 | 33K | |
| 09:30 | UK | Purchasing Manager Index Manufacturing (Nov) | 34.4 | 39.5 | 41.5 | |
| 13:30 | CA | Gross Domestic Product (MoM) (Sep) | 0.2% | -0.3% | ||
| 13:30 | CA | Gross Domestic Product Annualized (QoQ) (Oct) | 0.7% | 0.3% | ||
| 15:00 | US | Construction Spending (MoM) (Oct) | -0.9% | -0.3% | ||
| 15:00 | US | ISM Manufacturing (Nov) | 37.5 | 38.9 | ||