Monday, Dec 22, 12:13 GMT
U.S. Trading Newsletter
To Get Started
- Webinar VIDEOS: MONTHLY WEBINAR - The 1-2-3 chart pattern by Sunil Mangwani
- All the events of the day in our Economic Calendar
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Forex Blogs
Forexology: Euro and Gold by Sunil Mangwani
We are looking at some long term harmonic patterns on the Eur/Usd Monthly time frame. We do know that Euro & Gold have a very strong correlation. Since we have been following Gold for some time now, it would be worth looking at the Euro for some similar movements.
1st on Forex - The Week Ahead - Holiday Time? by Jerry Furst
FXbootcamp: Weekly Pivot Points by Wayne McDonell
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Dec 22, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Dec 22, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Dec 22, 14:00 GMT | The Power of Oscillators in Forex Trading  | James Chen | WBN |  |
| Mon, Dec 22, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Dec 22, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
| Mon, Dec 22, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
Current Session: Europe − U.S.
EUR/USD
Yuletide's Traditional Confusion
Swiss e Trade AG − The EUR / USD started the week with an upmove, currently trading at 1.4090 and soon running into resistance at 1.4150. We see that level not being broken in today's trading, rather giving way later to a downward movement back to prices around 1.4000.
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GBP/USD
Forex Economic Analysis − The pair has finalized the downtrend from 2.0153 by www.deltastock.com
The pair has finalized the downtrend from 2.0153 at 1.4477 and is currently in a broad consolidation towards 1.6676. Trading is situated below the 50− and 200−day SMA, currently projected at 1.5505 and 1.8341.
YEN CROSSES
Daily Analysis − Dollar bank to bank lending easies as the FED cuts rates by Finotec Group Inc.
The yen weakened against the euro and the dollar as Japanese exports tumbled and U.S. government aid to General Motors Corp. and Chrysler LLC increased demand for so−called carry trades.
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
France CONSUMER SPENDING
| Date (GMT) | Event | Cons. | Previous | |
| Dec 23 | 08:45 | Consumer Spending (MoM) | - | -0.5% |
Friday Notes - Consumer spending to further decline by "only" 0.5% in November by UniCredit Group
In spite of increasing strains on consumers to cut discretionary expenditure, we expect consumer spending to further decline by "only" 0.5% m−o−m in November.
[ Full Story ]Top Market Movers Review
EMU INDUSTRIAL NEW ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 22 | 10:00 | Industrial New Orders s.a. (MoM) | -4.7% | -4.0% | -3.9% |
| Dec 22 | 10:00 | Industrial New Orders (YoY) | -15.1% | -9.8% | -1.1% |
DATA SNAP:Euro−Zone Indus New Orders Post Record Drop In Oct (Dow Jones)
Euro−zone industrial new orders posted their biggest drop on the year on record in October as a recession weighed on the 15−nation currency bloc's economy, data released by the European Union's Eurostat statistics agency showed Monday.
[ Full Story ]- Industrial new orders down by 4.7% in euro area at Eurostat
- UPDATE 1−Euro zone Oct ind orders plunge, underline recession (Thomson Financial News)
- INSTANT VIEW 2−Euro zone orders post biggest ever drop in Oct (Thomson Financial News)
- INSTANT VIEW 1−Euro zone Oct industrial order plunge 4.7 pct m/m (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 22 | 05:00 | JP | BoJ's Governor Shirakawa Speech | |||
| 07:00 | DE | Gfk Consumer Confidence Survey (Dec) | 2.1 | 2.1 | 2.1 |
|
| 07:00 | DE | Import Price Index (MoM) (Nov) | -3.4% | -2.5% | -3.6% | |
| 07:00 | DE | Import Price Index (YoY) (Nov) | -1.3% | -0.2% | 2.9% | |
| 10:00 | EMU | Industrial New Orders (YoY) (Oct) | -15.1% | -9.8% | -1.1% | |
| 10:00 | EMU | Industrial New Orders s.a. (MoM) (Oct) | -4.7% | -4.0% | -3.9% | |
| 21:45 | NZ | Gross Domestic Product (QoQ) (3Q) | -0.5% | -0.2% | ||
| 23:00 | AU | Conference Board Australia Leading Index (Oct) | -0.3% | |||
| Dec 23 | 08:45 | FR | Consumer Spending (MoM) (Nov) | -0.5% | ||
| 09:00 | EMU | Current Account n.s.a (Oct) | -6B | |||