Monday, Dec 15, 12:12 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
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Forex Blogs
The Advisor Blog: Gbp/Usd technical perspective by Valeria Bednarik
Gbp remains weak and contained in these last days range, unable to move upward. We have an ascendant trend line in 4 hours charts that could be a good target to the downside if the pair moves to that direction (indicators are suggesting so) but the pair will first need to break under 1.4940, first support for today, followed by 1.4880/1.4900 zone.
FX Market Readings: Today's sentiments for the majors by Dr. S. Sivaraman
Forex Trading Today: The Battle of The Channel by Tim Salem
Live Sessions Schedule
Recognizing the Gaps
Expert: Carlos Rocha
Start: Mon, Dec 15, 14:00 GMT
Type of Session: Webinar
Topics
− Other Gap Patterns
− Breakaway Gaps
− Runaway Gaps
− Exhaustion Gaps
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Dec 15, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Dec 15, 11:00 GMT | The Forex Basic Training Program − Chapter X: Graduation! | Wayne McDonell | WBN |  |
| Mon, Dec 15, 14:00 GMT | Recognizing the Gaps | Carlos Rocha | WBN | |
| Mon, Dec 15, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Dec 15, 16:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
Current Session: Europe − U.S.
EUR/USD
EUR continues to charge stronger on ECB hawkishness, global equity rally
Saxo Bank − We revisit the EURUSD chart to point out that a large trendline has been broken. The next major resistance if this rally is able to keep up a head of steam comes in the 1.3800−1.3900 area. The 100−day moving average comes in just below 1.3800 at present. Higher up, a big flatline and 0.618 Fibo resistance level comes in closer to 1.3900. First support is the 1.3400 area.
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USD/JPY
Daily Trading Forecast − Land of the Rising Yen by Swiss e Trade AG
Economic activity in the U.S. is likely to weaken further as economist forecast the Empire−State Manufacturing survey to fall to a fresh record low of −27.0 from −25.4 in November.
DOLLAR CROSSES
Daily Analysis − Greenback may have seen its best as it plunges by Finotec Group Inc.
The biggest foreign−exchange strategists and investors say the best may be over for the dollar. U.S. policy makers are flooding the world with an extra $8.5 trillion through 23 different plans
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 INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Dec 15 | 14:15 | Industrial Production (MoM) | -0.8% | 1.3% |
| Dec 15 | 14:15 | Capacity Utilization | 75.7% | 76.4% |
Friday Notes - Slump in the manufacturing sector persists by HVB Group
A sharp slide in the Fed's diffusion index for October had already signaled mounting weakness in the IPI. November's ISM production index drop was also ominous. But mining, which includes natural gas and petroleum extraction, continued to bounce back from earlier storm disruptions.
[ Full Story ]Top Market Movers Review
Switzerland PRODUCER AND IMPORT PRICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 15 | 08:15 | Producer and Import Prices (MoM) | -1.4% | -0.5% | -0.6% |
| Dec 15 | 08:15 | Producer and Import Prices (YoY) | 1.1% | 2.0% | 2.9% |
Swiss Producer and Import prices fall beyond expectations in November (FXstreet.com)
Producer and import prices have posted a larger than expected decline in Switzerland in November driven by a sharp drop on petrol prices, according to figures released by the Swiss Statistics Office.
[ Full Story ]- Read the PPI data at Swiss Statistics
- Swiss input prices post sharpest m/m drop in 33 yrs (Thomson Financial News)
- INSTANT VIEW 3−Swiss input price inflation lower than expected (Thomson Financial News)
- INSTANT VIEW 2−Swiss input price inflation lower than expected (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 14 | 23:50 | JP | Tankan Large Manufacturing Index (4Q) | -24 | -23 | -3 |
| Dec 15 | 00:01 | UK | Rightmove House Price Index (MoM) (Dec) | -2.3% | -2.9% | |
| 00:01 | UK | Rightmove House Price Index (YoY) (Dec) | -6.3% | -7.1% | ||
| 04:00 | JP | Tokyo Condominium Sales (YoY) (Nov) | -14.9% | -26.0% | ||
| 08:15 | CH | Producer and Import Prices (MoM) (Nov) | -1.4% | -0.5% | -0.6% | |
| 08:15 | CH | Producer and Import Prices (YoY) (Nov) | 1.1% | 2.0% | 2.9% | |
| 13:30 | US | NY Empire State Manufacturing Index (Dec) | -27.00 | -25.43 | ||
| 14:00 | US | Net Long−term TIC Flows (Oct) | $66.2B | |||
| 14:00 | US | Total Net TIC Flows (Oct) | 143.4B | |||
| 14:15 | US | Capacity Utilization (Nov) | 75.7% | 76.4% | ||