Wednesday, Dec 24, 12:04 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
Doing Dealer Due Diligence
Expert: John Jagerson
Start: Mon, Dec 29, 14:00 GMT
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Dec 29, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Dec 29, 14:00 GMT | Doing Dealer Due Diligence | John Jagerson | WBN |  |
| Mon, Dec 29, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Dec 29, 16:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
| Tue, Dec 30, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
Current Session: Europe − U.S.
USD/CAD
Trading News Report − Trading the Canadian GDP Release
FXCM − The Canadian dollar could face increase selling pressures over the next 24 hours of trading as market participants forecast GDP to contract 0.3% in October. Growth prospects for the world's eighth largest economy have weakened considerably throughout the fourth quarter as firms cutback on employment and reduced spending.
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EUR/USD
Daily Trading Forecast − Remarkably Quiet in Here... by Swiss e Trade Strategy Team
This could be a new appraisal phase for the Greenback, pointing to a further upmove perhaps − or we are just about to see a new currency stability − more or less 1:1 for the euro and for the pound in dollars, and the dollar 1:100 against the yen.
USD/CAD
Daily Market Commentary − US Dollar: Unfazed By Economic Data by GFT (Global Forex Trading)
The currency in play for the next 24 hours will be the USD/CAD. Canada is set to release its GDP at 8:30AM EST or 13:30GMT.
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 Review
US NEW HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 23 | 15:00 | New Home Sales (MoM) | -2.9% | -3.0% | -5.3% |
| Dec 23 | 15:00 | New Home Sales | 407K | 418K | 419K |
US ECON: November New Home Sales Down to 407,000 Annual Unit Rate (Thomson Financial News)
The number of new home sales sold in the US fell deeper than expected to a 407,000 seasonally adjusted annual unit rate, the lowest seen since 1991, the Commerce Department reported today.
[ Full Story ]- Read the new home sales data at US Census Bureau
- CORRECT: US Nov Single−Family Home Sales −8.0%, Not Dn To 8.0% (Dow Jones)
- ECONOMIC REPORT: U.S. Data Show Sales Of New Homes At Lowest Level In 17 Years (Dow Jones)
- UPDATE 1−U.S. new home sales fall 2.9 pct in November (Thomson Financial News)
US Dollar Unfazed By Economic Data by GFT (Global Forex Trading)
Daily Analysis - U.S House sales probably fell in November as the slump continues by Finotec Group Inc.
Daily Forex Technical Report − Markets in Consolidation, Focus on US Home Sales by ActionForex.com
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 23 | 13:30 | Gross Domestic Purchases Price Index | 4.5% | 4.7% | 4.2% |
| Dec 23 | 13:30 | Gross Domestic Product Annualized | -0.5% | -0.5% | 2.8% |
US ECON: Final Q3 GDP Down 0.5% as Expected, Core Inflation at 2.4% (Thomson Financial News)
The Commerce Department reported no revision to the 0.5% drop in GDP for the third quarter, but unexpectedly revised both core and headline inflation down by 0.2 percentage points.
[ Full Story ]- Read the GDP data at US Bureau of Economic Analysis
- WRAPUP 1−US Q3 GDP shrank 0.5 pct as economy chilled (Thomson Financial News)
- TOPWRAP 5−US downturn confirmed, Britain contracts sharply (Thomson Financial News)
- INSTANT VIEW 6−U.S. final Q3 GDP unrevised −0.5 pct (Thomson Financial News)
The final reading for Q3 GDP is expected to be −0.5% by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 23 | 15:00 | US | Existing Home Sales (Nov) | 4.49M | 4.93M | 4.91M |
| 15:00 | US | Housing Price Index (MoM) (Nov) | -1.1 | -1.3 | -1.3 | |
| 15:00 | US | Housing Price Index (YoY) (Nov) | -7.5% | -4.8% | -4.8% | |
| 15:00 | US | New Home Sales (Nov) | 407K | 418K | 419K |
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| 15:00 | US | New Home Sales (MoM) (Nov) | -2.9% | -3.0% | -5.3% | |
| 15:00 | US | Richmond Fed Manufacturing Index (Dec) | -55 | -38 | ||
| Dec 24 | 13:30 | US | Continuing Jobless Claims (Dec 13) | 4384K | ||
| 13:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Nov) | 0% | 0% | ||
| 13:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (Nov) | 2.0% | 2.1% | ||
| 13:30 | US | Durable Goods Orders (Nov) | -3.0% | -6.2% | ||