Thursday, Dec 18, 12:11 GMT
U.S. Trading Newsletter
To Get Started
- Webinar VIDEOS: Obamanomics 2009: How to Survive and Prosper in Accelerating Credit Bubble Crisis Ahead by John O'Donnell
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Eur/Usd fighting key level by Valeria Bednarik
Still showing wild movements and despite reaching 1.4719, I believe we are close to a confirmation here about to where continue. For the past two hours, the pair has fight the 1.4620 level, where we have the monthly 61.8% level mentioned yesterday.
FX Market Readings: Today's sentiments for majors by Dr.S. Sivaraman
The Trader's Edge: EUR/USD - Is there a break in sight? by Ross Yamashita
Live Sessions Schedule
MONTHLY WEBINAR − Part 1: The 1−2−3 chart pattern
Expert: Sunil Mangwani
Start: Thu, Dec 18, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Dec 18, 14:00 GMT | MONTHLY WEBINAR − Part 1: The 1−2−3 chart pattern | Sunil Mangwani | WBN | |
| Thu, Dec 18, 16:00 GMT | MONTHLY WEBINAR − Part 2: The trend following 200 Moving Average strategy  | Sunil Mangwani | WBN |  |
| Fri, Dec 19, 08:30 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Fri, Dec 19, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN | |
Current Session: Europe − U.S.
USD/JPY
The JPY fell from its 13−year high against the USD
Varengold Wertpapierhandelsbank AG − The USD/JPY trades in a downward trend channel. The recent price movement has led that the USD trades on the lower line of the trend duct. A closer look on the Relative Strength Index (RSI) suggests that the last downturn trend slow down because the index is listed among 30. This could be an indicator for a rebound and an ongoing of the zigzag movements inside the formation.
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EUR/USD
Technical Summary for Majors − EURUSD Continues soaring by Windsor Brokers Ltd
Continues soar, en−route to psychological 1.5 level. Today's rally has dented key 1.4715, 200 day moving average, break of which will open way for test of 1.4864/1.4908, 22 Sep/22 Aug peaks, ahead of final push to/through 1.5000.
SWISS FRANC
Daily Forex Technical Report− Swiss Franc to Take Over Euro's Leading Strength? by ActionForex.com
One important development that some traders might miss is the strength in Swiss Franc. Indeed, the Swissy is so far the top winner this month, even gaining more than Euro.
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 LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Dec 18 | 15:00 | Leading Indicators (MoM) | -0.5% | -0.8% |
US economic indicators - Industrial production and leading indicators (November): downward trend accelerating by BHF−Bank
Leading indicators declined by 0.8% mom in October, and are likely to have fallen again significantly in November by at least 0.6% mom. Real M2 and the yield curve will have contributed positively, but all other subcomponents developed negatively, particularly stock prices, jobless claims, orders and manufacturing working hours.
[ Full Story ]Top Market Movers Review
EMU TRADE BALANCE N.S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 18 | 10:00 | Trade Balance s.a. | -€1.3B | - | -€4.4B |
| Dec 18 | 10:00 | Trade Balance n.s.a. | €0.9B | - | -€4.5B |
DATA SNAP: Euro−Zone Trade Deficit Eased In September (Dow Jones)
The euro zone had a surplus on its trade in goods with the rest of the world in October, the first positive balance since June as exports rose more strongly than imports.
[ Full Story ]- Read the Trade Balance data at Eurostat
- CORRECT: Euro−Zone Records Surprise Trade Surplus In Oct (Dow Jones)
- INSTANT VIEW 3−Euro zone trade surplus 0.9 bln euros in Oct (Thomson Financial News)
- INSTANT VIEW 2−Euro zone trade surplus 0.9 bln euros in Oct (Thomson Financial News)
EMU economic indicators - EMU trade balance is likely to have improved by BHF−Bank
UK RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 18 | 09:30 | Retail Sales (MoM) | 0.3% | -0.4% | -0.3% |
| Dec 18 | 09:30 | Retail Sales (YoY) | 1.5% | 1.2% | 1.7% |
DATA SNAP: UK Nov Retail Sales Weakest On Yr Since Feb 2006 (Dow Jones)
U.K. retail sales rose unexpectedly in November, but the annual rate of growth slowed to its weakest level for more than two and a half years as the economic slowdown intensified, data from the Office for National Statistics showed Thursday.
[ Full Story ]- Read the Retail Sales data at UK Statistics
- UPDATE 1−UK retail sales rise in Nov, public finances dire (Thomson Financial News)
- INSTANT VIEW 5−UK retail sales firm, public finances deteriorate (Thomson Financial News)
- INSTANT VIEW 3−UK retail sales firm, public finances deteriorate (Thomson Financial News)
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 18 | 09:00 | IFO − Business Climate | 82.6 | 84.0 | 85.8 |
| Dec 18 | 09:00 | IFO − Expectations | 76.8 | - | 77.6 |
DATA SNAP: German Ifo Business Climate Plunges To Record Low (Dow Jones)
German business confidence plunged to its lowest level ever in December amid concerns of a prolonged recession, a survey from the German Ifo Institute showed Thursday.
[ Full Story ]- Read the Confidence data at Ifo Institute
- CORRECTED−UPDATE 1−German business morale falls for 7th month in a row (Thomson Financial News)
- CORRECTED−German business sentiment deteriorates in Dec (Thomson Financial News)
- INSTANT VIEW 4−German business morale falls sharply in Dec (Thomson Financial News)
Euroland: Worst Ifo since 1993 by Danske Bank A/S
EMU economic indicators - German ifo business climate (December): down by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 18 | 09:30 | UK | M4 Money Supply (YoY) (Nov)  | 16.3% | 17.1% | 15.3% |
| 09:30 | UK | Public Sector Net Borrowing (Nov) | £16.0B | £13.3B | £3.3B |
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| 09:30 | UK | Retail Sales (MoM) (Nov) | 0.3% | -0.4% | -0.3% |
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| 09:30 | UK | Retail Sales (YoY) (Nov) | 1.5% | 1.2% | 1.7% |
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| 10:00 | EMU | Trade Balance n.s.a. (Oct) | €0.9B | -€4.5B |
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| 10:00 | EMU | Trade Balance s.a. (Oct) | €-1.3B | -€4.4B |
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| 13:30 | CA | Canadian Investment in Foreign Securities (Oct) | $0.665B | |||
| 13:30 | US | Continuing Jobless Claims (Dec 6) | 4429K | |||
| 13:30 | CA | Foreign investment in Canadian securities (Oct) | -$0.267M | |||
| 13:30 | US | Initial Jobless Claims (Dec) | 573K | |||