Thursday, Dec 11, 12:00 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 Advisor Blog: Usd/Jpy technical and fundamental perspective by Valeria Bednarik
Japanese Yen continues strengthening and technically remains bearish in daily and 4 hours charts; however the Bank of Japan Governor Shirakawa warns he is watching forex movements due to the impact of yen appreciation on exports; also he declare that the Ministry of Finance has the option of intervention when the forex moves are big.
FX Market Readings: Today's sentiments for the majors - 11 Dec. by Dr. S. Sivaraman
Forex Trading Today: The Foreign Exchange Hall of Justice vs. CVJ by Tim Salem
Live Sessions Schedule
Candlesticks and Western Technical Analysis − The Forex SuperCombo − Free Access Day
Expert: James Chen
Start: Thu, Dec 11, 14:00 GMT
Type of Session: Webinar
How to Get Started Trading Forex − Free Access Day
Expert: Mark Whistler
Start: Thu, Dec 11, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Dec 11, 14:00 GMT | Candlesticks and Western Technical Analysis − The Forex SuperCombo − Free Access Day | James Chen | WBN |  |
| Thu, Dec 11, 15:00 GMT | Tracking the forex market together / Part II − Free Access Day | Dr.S.Sivaraman | WBN | |
| Thu, Dec 11, 16:00 GMT | How to Get Started Trading Forex − Free Access Day | Mark Whistler | WBN | |
| Thu, Dec 11, 18:00 GMT | Live Look at Today's Markets − Free Access Day | Derek Frey | WBN |  |
Current Session: Europe − U.S.
EUR/USD
Danske Bank A/S − Since end of October EURUSD has been trading in a range between 1.2330 and 1.3100. That range was broken this morning when EURUSD took out its November high at around 1.3081. A new bullish trend is established with a year end target of 1.3808 which is a major resistance area. If broken there is room for a move to 1.4140 (minor resistance) and 1.4700 which is next major resistance area. A trough below 1.2550 reverses the trend.
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GBP/USD
Daily Trading Forecast − U.S. Bailout Arguments Weaken USD by Swiss e Trade AG
Cable just tried to attack the 1.5000 resistance level in early European trading but fell back again to the current 1.4940. We see another test of the 1.5000 level in today's trading,
OIL
Crude Oil Daily Technical Outlook by Oil N' Gold
Crude oil continues to be bounded in consolidation above 40.5 today. Intraday outlook remains neutral for the moment and some further recovery could still be seen.
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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Dec 11 | 13:30 | Trade Balance | -$53.50B | -$56.47B |
US economic indicators - Trade deficit (October): significantly narrower mainly due to plunge in oil prices by BHF−Bank
As import prices went down by 4.7% mom, imports could have decreased more than exports in October, and the trade deficit could have shrunk to a mere $52.0bn. The real trade deficit, which had risen slightly in September, might have remained stable at best.
[ Full Story ]Top Market Movers Review
UK CBI INDUSTRIAL TRENDS SURVEY − ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 11 | 11:00 | CBI Industrial Trends Survey − Orders (MoM) | -35 | -44 | -38 |
UK CBI Industrial trends survey confirms the sector's weakness in December (FXstreet.com)
British Industry is going through one of its worst periods since 1980, according to manufacturer's output expectations, which, according to the latest survey by the Confederation of British Industry, remain at the lowest levels in 18 years.
[ Full Story ]- Read the Industrial Trends Survey data at CBI
- UK factory orders down in Dec, outlook bleak (Thomson Financial News)
- TABLE−UK Dec factory orders fall, outlook grim (Thomson Financial News)
- United Kingdom CBI Industrial Trends Survey − Orders improves to −35 balance in Dec from −38 in Nov (FXstreet.com)
Switzerland SNB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 11 | 08:30 | SNB Interest Rate Decision | 0.5% | 0.5% | 1.0% |
Swiss National Bank cuts its key interest rate buy 50 b.p. to 0.0% – 1.0% (FXstreet.com)
The Swiss National Bank Monetary policy Committee has approved a 50 basis points rate cut for the three−month Libor 0.0% – 1.0% to provide the Swiss money market with a generous and flexible supply of liquidity.
[ Full Story ]- Read the Official Statement at SNB
- SNB'S JORDAN SAYS TIME FOR UNCONVENTIONAL MEASURES HAS NOT COME YET (Thomson Financial News)
- UPDATE 3−SNB cuts rates by 50 bps, sees 2009 Swiss recession (Thomson Financial News)
- SNB`S HILDEBRAND SAYS CAPITAL HIKES, GOVT MEASURES HAVE CREATED ABILITY TO ABSORB SHOCKS (Thomson Financial News)
Daily Forex Technical Report − Euro Leads Rebound against Dollar, SNB to Cut Again by ActionForex.com
Swiss: Preview of the SNB meeting on December 11 by Danske Bank A/S
Trading News Report - USD/CHF: Trading the Swiss National Bank Interest Rate Decision by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 11 | 08:05 | EMU | ECB Trichet's Speech (Nov) | |||
| 08:30 | TW | BoT Interest Rate Decision | 2.00% | 2.75% | ||
| 08:30 | CH | SNB Interest Rate Decision | 0.5% | 0.5% | 1.0% | |
| 09:00 | EMU | ECB Monthly Report (Dec) | ||||
| 09:30 | UK | Inflation Expectations | 2.8% | 4.4% | ||
| 11:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Dec) | -35 | -44 | -38 | |
| 13:30 | US | Continuing Jobless Claims (Nov 28) | 4087K | |||
| 13:30 | US | Import Price Index (MoM) (Nov) | -4.6% | -4.7% | ||
| 13:30 | US | Import Price Index (YoY) (Nov) | -1.5% | 6.7% | ||
| 13:30 | US | Initial Jobless Claims (Dec 5) | 530K | 509K | ||