Wednesday, Dec 10, 12:13 GMT
U.S. Trading Newsletter
To Get Started
- Webinar VIDEOS: Advanced Forex Trading: Momentum Versus Reversals Within Indicators by Mark Whistler
- All the events of the day in our Economic Calendar
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Forex Blogs
The Trader's Edge: EUR/USD Zone by Ross Yamashita
We hope everyone had a great NFP trading day and a restful weekend. We're back and let's take a look at the EUR/USD. Two key prices remain in effect to see where the Euro is heading. Our larger term count shows the low on 10/28 to be the completion of Wave 3 on the Daily chart. To determine this, we need to watch two levels.
The Advisor Blog: Major’s sentiment for today by Valeria Bednarik
Forex Trading Today: The New Currency Pair?... AUD/PACRIM? by Tim Salem
Live Sessions Schedule
Trading Range bound and Trending Markets
Expert: Adam Rosen
Start: Wed, Dec 10, 13:00 GMT
Type of Session: Webinar
Profiting from Fear and Greed by trading against the crowd
Expert: David Rodríguez
Start: Wed, Dec 10, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Dec 10, 13:00 GMT | Trading Range bound and Trending Markets | Adam Rosen | WBN |  |
| Wed, Dec 10, 14:00 GMT | Profiting from Fear and Greed by trading against the crowd | David Rodríguez | WBN | |
| Wed, Dec 10, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN | |
| Wed, Dec 10, 17:00 GMT | Obamanomics 2009: How to Survive and Prosper in Accelerating Credit Bubble Crisis Ahead | John W. O'Donnell | WBN | |
Current Session: Europe − U.S.
USD/CHF
Forex − Market is looking for direction in thin volumes
ACM − Advanced Currency Markets − UsdChf Market hit 1.2298 high on 21st November. Further strength may look for 1.2463 strong resistance ahead of 1.2506 (61.8% retracement of 1.4278 – 0.9639 decline). On the downside, renewed weakness below 1.1831 initial support and 1.1203 30th October low would undermine the current uptrend and reverse through 1.0692 22nd September low and down to 1.0500 and 1.0375. Such a move may look for 1.0013 15th July low in front of 0.9637 17th March low.
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USD/JPY
Daily FX Report − In Japan the wholesale inflation slow down the third month in series by Varengold Wertpapierhandelsbank AG
Since the middle of August the USD/JPY traded continuous in a bearish trend. Already in October the currency pair tested the 0.0 % retracement line and recovered.
GBP/USD
Daily Analysis − Alistair Darling set to consider credit guarantees to spur UK Lending by Finotec Group Inc.
The Euro trades higher against the dollar, near yestrday's high on the 1.3000 mark. Short−term bullish structure is intact and momentum gathers strength while the Euro is advancing higher
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 WHOLESALE INVENTORIES
| Date (GMT) | Event | Cons. | Previous | |
| Dec 10 | 15:00 | Wholesale Inventories | 0.1% | -0.1% |
US economic indicators - Wholesale inventories are likely to have dropped by BHF−Bank
Wholesale inventories declined by 0.1% mom in September, and they are likely to have dropped again by 0.3% mom in October. Total business inventories might also have gone down again by 0.3% mom, given that the ISM inventories component was a mere 44.3, indicating contraction.
[ Full Story ]Top Market Movers Review
Switzerland ZEW SURVEY − EXPECTATIONS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 10 | 10:00 | ZEW Survey − Expectations | -76.2 | - | -88.5 |
INSTANT VIEW 1−Swiss ZEW indicator rises in December (Thomson Financial News)
The Swiss ZEW investor sentiment rose by 12.3 points in December to 76.2 points, Credit Suisse, which issues the indicator in cooperation with the German ZEW economic research institute, said on Wednesday.
[ Full Story ]- Read the Expectations Survey at ZEW
- INSTANT VIEW 2−Swiss ZEW indicator rises in December (Thomson Financial News)
- Swiss ZEW investor sentiment edges higher in Dec (Thomson Financial News)
- TABLE−Swiss ZEW indicator rises to −76.2 in December (Thomson Financial News)
Daily Forex Technical Report − Asian Stocks Firm as Auto Bailout Deal Agreed, Dollar and Yen Soft by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 9 | 23:50 | JP | Domestic Corporate Goods Price Index (YoY) (Nov) | 2.8% | 2.8% | 4.8% |
| Dec 10 | 00:01 | UK | NIESR GDP Estimate (Nov) | -1.0% | -0.5% | |
| 00:30 | AU | Home Loans (Oct) | 1.3% | 1.0% | -2.7% | |
| 00:30 | AU | Investment Lending (Oct) | 0.7% | -2.0% | -1.1% | |
| 10:00 | CH | ZEW Survey − Expectations (Dec) | -76.2 | -88.5 | ||
| 12:00 | US | MBA Mortgage Applications (Dec 5) | -7.1% | 11.2% | ||
| 13:30 | CA | Labor Productivity (QoQ) (3Q) | 0.1% | -0.2% | ||
| 15:00 | US | Wholesale Inventories (Oct) | 0.1% | -0.1% | ||
| 15:35 | US | EIA Crude Oil Stocks change (Dec 5) | -0.2 | -0.4M | ||
| 19:00 | US | Monthly Budget Statement (Nov) | -176.0B | -237.2B | ||