Tuesday, Dec 02, 12:16 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 Weblog: Eur/Usd in the next hours by Valeria Bednarik
The Eur/Usd is moving in a descendant channel, and had just attempted to break to the upside, but quickly come back. Quoting around 1.2630, the pair remains under bearish pressure, and contained by this descendant trend line that will need a strong confirmation to be consider broken.
Forex Trading Today: Hey!…isn’t that Godzilla? by Tim Salem
FX Market Readings: Volatile moves to prevail for a day by Dr. S. Sivaraman
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Dec 2, 15:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Dec 2, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Dec 2, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Dec 2, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Dec 2, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Dec 2, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe − U.S.
USD/JPY
USD About to Meet Resistance Levels Again
Swiss e Trade AG − The dollar lost further ground against the yen in European morning trading and is currently at 92.90, near today's lows so far. With the current renewed financial turmoil, we expect the yen to uphold today its typical strong stance in such phases, and see new lows for the dollar at 91.20.
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GBP/USD
Daily Analysis − The Sterling tumbles as traders bet on a rate cut to 2% by FOREX.com
Sterling is trending lower, and growing doubts about whether radical rate cuts by the central bank will revive the economy didn't help." The GBP/USD is currently trading at $1.4805 as of 8:39am, GMT
TRADE ORDERS
Bank Recomendations − Trade Orders 2.12.2008.. by Finotec Group Inc.
Some [USD/JPY] stops tripped on early Asia break below 93.00. Bids return however ahead of 92.80. Firmer here and around 93.00 after bounce later. Offering interest ahead of 94.00. Stops above and below 92.80, 92.40. (hi)
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
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Dec 3 | 09:00 | Purchasing Manager Index Services | 43.3 | 45.8 |
EMU economic indicators - EMU PMI: No revision expected by BHF−Bank
German retail sales probably remained unchanged in October, as retailers' business assessment improved and consumer confidence deteriorated. We do not expect any significant revisions for the final PMI indices for November, nor for EMU GDP in Q3 2008.
[ Full Story ]Top Market Movers Review
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 2 | 10:00 | Producer Price Index (YoY) | 6.3% | 7.1% | 7.9% |
| Dec 2 | 10:00 | Producer Price Index (MoM) | -0.8% | -0.2% | -0.2% |
DATA SNAP: Euro−Zone Producer Prices Post Record Drop In Oct (Dow Jones)
Euro−zone producer prices fell at their sharpest rate on record in October following another big drop in energy costs, paving the way for the European Central Bank to cut interest rates again this week, official data showed Tuesday.
[ Full Story ]- UPDATE: Euro−Zone Producer Prices Post Record Drop In Oct (Dow Jones)
- UPDATE 1−Euro zone Oct PPI falls, backs case to slash rates (Thomson Financial News)
- INSTANT VIEW 3−Euro zone Oct producer prices drop 0.8 pct m/m (Thomson Financial News)
Why the Euro Is Set to Fall Further ... by Money and Markets
Switzerland CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 2 | 06:45 | Consumer Price Index (YoY) | 1.5% | 2.0% | 2.6% |
| Dec 2 | 06:45 | Consumer Price Index (MoM) | -0.7% | -0.3% | 0.5% |
INSTANT VIEW 2−Swiss CPI rises 1.5 pct yr/yr in Nov (Thomson Financial News)
Swiss November consumer prices rose 1.5 percent from a year ago and were 0.7 percent lower compared with the previous month, the Federal Statistics Office said on Tuesday.
[ Full Story ]- Read the CPI data at the Swiss Confederation
- Swiss inflation falls more than expected,SNB to cut (Thomson Financial News)
- INSTANT VIEW 1−Swiss CPI rises 1.5 pct yr/yr in Nov (Thomson Financial News)
- Swiss CPI declines in November on lower petrol prices (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 2 | 06:30 | JP | BoJ Press Conference | |||
| 06:45 | CH | Consumer Price Index (MoM) (Nov) | -0.7% | -0.3% | 0.5% | |
| 06:45 | CH | Consumer Price Index (YoY) (Nov) | 1.5% | 2.0% | 2.6% | |
| 09:30 | UK | PMI Construction (Nov) | 31.8 | 33.8 | 35.1 | |
| 10:00 | EMU | Producer Price Index (MoM) | -0.8% | -0.2% | -0.2% | |
| 10:00 | EMU | Producer Price Index (YoY) (Oct) | 6.3% | 7.1% | 7.9% | |
| 16:30 | US | Treasury Secretary Paulson speech | ||||
| 22:00 | US | ABC/Washington Post Consumer Confidence (Nov 30) | -52 | |||
| Dec 3 | 00:01 | UK | Nationwide Consumer Confidence (Nov) | 54 | 55 | |
| 00:30 | AU | Gross Domestic Product (QoQ) (3Q) | 0.2% | 0.3% | ||