Friday, Dec 12, 12:11 GMT
U.S. Trading Newsletter
To Get Started
- Webinar VIDEOS: Trading Range bound and Trending Markets by Adam Rosen
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
The Trader's Edge: AUD/USD − Friends From Down Under by Ross Yamashita
As you can see, we have pulled up a AUD/USD Daily chart. We can see a nice top back in July/August and a nice, trending movement downward. We have labelled the charts with our count of this momement. You can see wave "B" tested the bottom (labelled "3") but did not break it.
The Advisor Blog: Majors´s sentiment for today by Valeria Bednarik
FX Market Readings: Traders are bullish for players to book profit by Dr. S. Sivaraman
Live Sessions Schedule
Banging around the Bands
Expert: Chris Capre
Start: Fri, Dec 12, 15:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Dec 12, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Dec 12, 14:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Fri, Dec 12, 15:00 GMT | Banging around the Bands | Chris Capre | WBN | |
| Fri, Dec 12, 16:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
| Mon, Dec 15, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN |  |
Current Session: Europe − U.S.
EUR/USD
EUR/USD is in a downtrend, after finalizing the rebound from 1.3882
www.deltastock.com − EUR/USD is in a 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.
Yesterday's retest of the 1.3080 support failed and as expected the pair has accelerated its uptrend, breaking above 1.3280, reaching high at 1.3405. There is still no confirmation if that intraday high is the final of the uptrend from 1.2547, as if we see a break above 1.3405, that will automatically set a target at 1.3502.
.
USD/JPY
Daily Trading Forecast − The Greenback Finally Got the Year End Blues by Swiss e Trade AG
The dollar continued its fall against the yen in late Asian trading, down to a low of 88.66, and is currently recovering in early European hours to 90.30 right now.
NATURAL GAS
Natural Gas Technical Outlook by Oil N' Gold
Natural Gas' recovery was limited at 5.792 and recent decline is possibly resuming now. Below 5.458 will bring decline towards next target of 5.192 long term support (138.2% projection of 7.36 to 6.054 from 6.978 at 5.173).
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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Dec 12 | 13:30 | Retail Sales ex Autos (MoM) | -1.7% | -2.2% |
| Dec 12 | 13:30 | Retail Sales (MoM) | -1.8% | -2.8% |
Trading News Report - EUR/USD: Trading the U.S. Advance Retail Sales Release by FXCM
The U.S. dollar may face increased selling pressures on Friday as economists predict retail sales to contract another 2.0% in November, following the record drop during the previous month. Growth prospects for the world's largest economy has weakened considerably throughout the second half of the year as the country faces its longest recession in over a quarter century.
[ Full Story ]Daily Market Briefing - US Dollar Declines May Continue as US Retail Sales are Expected to Fall for 5th Straight Month by FXCM
Top Market Movers Review
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 12 | 10:00 | Industrial Production w.d.a. (YoY) | -5.3% | -3.6% | -2.7% |
| Dec 12 | 10:00 | Industrial Production s.a. (MoM) | -1.2% | -1.0% | -1.8% |
DATA SNAP: Euro−Zone Oct Indus Output −5.3%YY,15Yr Record Fall (Dow Jones)
Euro−zone industrial production fell significantly more than expected in October, dropping at its fastest pace in fifteen years, data from the European Union's Eurostat statistics agency showed Friday.
[ Full Story ]- Read the Industrial Production data at Eurostat
- UPDATE 1−Euro zone Oct output plunges, Q3 labour costs jump (Thomson Financial News)
- INSTANT VIEW 6−Euro zone output sinks in Oct, labour costs up (Thomson Financial News)
- INSTANT VIEW 5−Euro zone output sinks in Oct, labour costs up (Thomson Financial News)
EMU economic indicators - EMU industrial production (October): down by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 12 | 04:30 | JP | Industrial Production (MoM) (Oct) | -3.1% | -3.1% | 1.1% |
| 05:00 | JP | Consumer Confidence (Nov) | 28.7 | 29.8 | ||
| 05:00 | JP | Consumer Confidence Households (Nov) | 28.4 | 28.0 | 29.4 | |
| 10:00 | EMU | Industrial Production s.a. (MoM) (Oct) | -1.2% | -1.0% | -1.8% |
|
| 10:00 | EMU | Industrial Production w.d.a. (YoY) (Oct) | -5.3% | -3.6% | -2.7% |
|
| 10:00 | EMU | Labor Costs (YoY) (3Q) | 4.0% | 2.7% | ||
| 13:30 | CA | Capacity Utilization (3Q) | 78.3% | 78.9% | ||
| 13:30 | CA | New Motor Vehicle Sales (MoM) (Oct) | -0.5% | 2.5% | ||
| 13:30 | US | Producer Price Index (MoM) (Nov) | -1.8% | -2.8% | ||
| 13:30 | US | Producer Price Index (YoY) (Nov) | 0.2% | 5.2% | ||