Wednesday, Dec 17, 12:32 GMT
U.S. Trading Newsletter
To Get Started
- Webinar VIDEOS: Selling FX Options by John Jagerson
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Usd/Cad long term perspective by Valeria Bednarik
Maybe not the first one to notice this, but here we are, with a triple roof in daily charts: the pair has been trying to push above 1.3000, also a tough support zone back in 2004, without passing trough.
FX Market Readings: Mid week big rise by Dr. S. Sivaraman
Forex Trading Today: Did the Fed Shock?... Not in My View and Here is Why by Tim Salem
Live Sessions Schedule
Main Fundamental theme in the Currency market
Expert: Terri Belkas
Start: Wed, Dec 17, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Book Showroom: Day Trading and Swing Trading the Currency Market, Second Edition
Expert: Kathy Lien
Start: Wed, Dec 17, 17:00 GMT
Type of Session: Showroom
| Sponsored by | ||||
| Wed, Dec 17, 12:00 GMT | Tracking the forex market together / Part I  | Dr.S.Sivaraman | WBN |  |
| Wed, Dec 17, 14:00 GMT | Main Fundamental theme in the Currency market | Terri Belkas | WBN | |
| Wed, Dec 17, 15:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
| Wed, Dec 17, 16:00 GMT | Institutional Trading Strategies | Andrei Pehar | WBN | |
Current Session: Europe − U.S.
EUR/USD
The USD fell 2.86 % toward a two−month low against the EUR
Varengold Wertpapierhandelsbank AG − Since the EUR/USD reached an all−time high at 1.6040, the pair has been trading in a downward trend channel. But the EUR resisted at 1.2330 and moved inside a rectangle the last two months. At the beginning of December the currency pair left the formation and crossed even the bearish trend channel. At the moment the recent price jumps stopped at the Fibonacci level at 1.4160.
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GBP/USD
Daily Trading Forecast − Welcome to Club Zero by Swiss e Trade AG
Cable lost almost 200 pips already in early European trading and is currently priced at 1.5450. We see this downtrend being halted at this support level and expect upmoves from that level to 1.5650 again.
USD/JPY
Forex Economic Analysis − The pair has finalized its consolidation above 90.95 by www.deltastock.com
The pair has finalized its consolidation above 90.95 at 97.48 and the general downtrend has been renewed, targeting 79.86. Trading is situated below the 50− and 200−day SMA, currently projected at 107.61 and 105.76.
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
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Dec 18 | 09:00 | IFO − Business Climate | 84.0 | 85.8 |
| Dec 18 | 09:00 | IFO − Expectations | - | 77.6 |
EMU economic indicators - German ifo business climate (December): down by BHF−Bank
The ifo business climate for Germany will probably have deteriorated in December, even though the German ZEW economic sentiment has rebounded.
[ Full Story ]Top Market Movers Review
UK CBI DISTRIBUTIVE TRADES SURVEY − REALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 17 | 11:00 | CBI Distributive Trades Survey − Realized (MoM) | -55 | -41 | -46 |
DATA SNAP: UK CBI Dec Retail Sales Volume −55 Vs Nov −46 (Dow Jones)
Sales volumes at U.K. retailers plunged to a record low in the crucial trading month of December, as the credit crunch and weak consumer confidence continued to depress activity, a survey by the Confederation of British Industry showed Wednesday.
[ Full Story ]- Read the Distributive Trades Survey at CBI
- UPDATE: UK CBI Dec Retail Sales Lowest Since Series Began (Dow Jones)
- UK CBI retail sales decline again in December (FXstreet.com)
- TABLE−UK retail sales slump to series low in Dec−CBI (Thomson Financial News)
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 17 | 10:00 | Consumer Price Index − Core (YoY) | 1.9% | 1.9% | 1.9% |
| Dec 17 | 10:00 | Consumer Price Index (MoM) | -0.5% | -0.5% | 0.0% |
| Dec 17 | 10:00 | Consumer Price Index (YoY) | 2.1% | 2.1% | 3.2% |
INSTANT VIEW 1−Euro zone Nov inflation confirmed at 2.1 pct y/y (Thomson Financial News)
Inflation in the 15−country euro zone plunged to 2.1 percent year−on−year in November from 3.2 percent the previous month, data from the European Union statistics office confirmed on Wednesday.
[ Full Story ]- Read the CPI data at Eurostat
- UPDATE 1−Euro zone Nov inflation fall confirmed, ECB cuts seen (Thomson Financial News)
- Cheaper energy pulls down euro zone Nov inflation (Thomson Financial News)
- INSTANT VIEW 5−Euro zone Nov inflation confirmed at 2.1 pct y/y (Thomson Financial News)
Daily Market Briefing - Euro: How Will Euro−zone CPI Influence the European Central Bank in January? by FXCM
Friday Notes - Let's talk about European deflation by HVB Group
UK JOBLESS CLAIMS CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 17 | 09:30 | Claimant Count Rate | 3.3% | 3.1% | 3.0% |
| Dec 17 | 09:30 | ILO Unemployment Rate (3M) | 6.0% | 6.0% | 5.8% |
| Dec 17 | 09:30 | Jobless Claims Change | 75K | 45K | 36K |
UK claimant count jobless surges past 1 mln (Thomson Financial News)
The number of Britons out of work and claiming benefit rose for a tenth consecutive month in November and by the largest amount since March 1991, official data showed on Wednesday.
[ Full Story ]- Read the Labour Market data at UK Statistics
- UPDATE 1−UK jobless figures surge past 1 million (Thomson Financial News)
- INSTANT VIEW 7−UK claimant count surges past 1 mln (Thomson Financial News)
- INSTANT VIEW 6−UK claimant count surges past 1 mln (Thomson Financial News)
Trading News Report - A Weakening U.K. Labor Market Could Sink The Pound by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 17 | 10:00 | EMU | Consumer Price Index − Core (YoY) (Nov) | 1.9% | 1.9% | 1.9% |
| 10:00 | EMU | Consumer Price Index (MoM) (Nov) | -0.5% | -0.5% | 0.0% | |
| 10:00 | EMU | Consumer Price Index (YoY) (Nov) | 2.1% | 2.1% | 3.2% | |
| 11:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Nov) | -55 | -41 | -46 | |
| 11:00 | CZ | Interest Rate Decision | 2.25% | 2.75% | ||
| 12:00 | US | MBA Mortgage Applications (Dec 12) | 2.9% | -7.1% | ||
| 13:30 | US | Current Account (3Q) | -$179.0B | -$183.1B | ||
| 13:30 | CA | Wholesale Sales (MoM) (Oct) | 1.5% | |||
| 15:35 | US | EIA Crude Oil Stocks change (Dec 12) | 0.4M | |||
| Dec 18 | 00:30 | AU | RBA Foreign Exchange Transaction (Nov) | -3.25B | ||