Monday, Dec 29, 12:22 GMT
U.S. Trading Newsletter
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Forex Blogs
The Advisor Blog: Last week of the month by Valeria Bednarik
Hello everybody, hope you are fine. Extremely trading conditions ruled the market last week, yet greenback is sharply lower this Monday, with euro and Swiss Franc leading the way.
Forex Trading Today: My "Gold−en Girl" Prevails! by Tim Salem
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, 11:00 GMT | Live analysis of the Forex markets | Sam Seiden | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily FX Report − It's the fourth day the USD is losing against the EUR by Varengold Wertpapierhandelsbank AG
It's the fourth day the USD is losing against the EUR. This week the market expect reports that may show the U.S. economy is slipping into recession.
The EUR/USD is 0.9% up to 1.4151, which is the highest level since December 17th.
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GBP/EUR
Daily Analysis − The Sterling tumbles against the Euro as parity is in sight by Finotec Group Inc.
The Pound tumbled to an all time low of 96.98 against the Euro as dealers eyed parity that would be a first since the single European currency's launch in 1999.
ENERGIES
Crude Oil Daily Technical Outlook − Crude oil's recovery from 34.98 and break of 40.71 by Oil N' Gold
Crude oil's recovery from 34.98 and break of 40.71 minor resistance indicates that an intraday low is in place. Recent decline is showing loss of downside momentum with bullish convergence condition in 4 hours MACD.
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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Dec 29 | 16:00 | Consumer Price Index (MoM) | - | -0.5% |
| Dec 29 | 16:00 | Consumer Price Index (YoY) | - | 1.4% |
German state data point to easing inflation (Thomson Financial News)
German annual inflation probably slowed for a fifth month running in December as fuel costs tumbled further, suggesting price pressures in the broader euro zone may have eased, data from the state of Saxony showed on Monday.
[ Full Story ]- TABLE−German Saxony Dec CPI 0.3 pct m/m, 1.3 pct y/y (Thomson Financial News)
- German data due − Saxony Dec CPI due at 0900 GMT (Thomson Financial News)
Top Market Movers Review
Switzerland KOF LEADING INDICATOR
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 29 | 10:30 | KOF Leading Indicator | -0.39 | - | -0.05 |
Swiss KOF growth barometer hits new 5−1/2 yr low (Thomson Financial News)
Switzerland's leading KOF growth barometer fell to a new 5−1/2−year low in December as exports declined further and consumption softened, adding to signs that the Alpine country was heading for recession.
[ Full Story ]- Read the Leading Indicator data at KOF Institute
- INSTANT VIEW 2−Swiss KOF hits new 5−1/2−year low in December (Thomson Financial News)
- INSTANT VIEW 1−Swiss KOF hits new 5−1/2−year low in December (Thomson Financial News)
- TABLE−Swiss KOF indicator drops to −0.39 in December (Thomson Financial News)
UK HOUSING EQUITY WITHDRAWAL
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 29 | 09:30 | Housing Equity Withdrawal (QoQ) | -5.7B | - | -2.8B |
UK 3Q Housing Equity Withdrawal −GBP5.7 Billion Vs −GBP1.9 Billion 2Q (Dow Jones)
U.K. households injected a net GBP5.7 billion in equity back into their homes in the third quarter of 2008, the second straight quarter of net injection, the Bank of England said Thursday. That was much higher than the GBP1.9 billion repayment in the second quarter of this year, a figure that was revised lower from GBP2.8 billion.
[ Full Story ]- Read the Housing Equity Withdrawal data at BoE
- UPDATE 1−Britons inject record equity into housing market (Thomson Financial News)
- CORRECT: UK 3Q Housing Equity Data Monday, Not Thursday (Dow Jones)
- UPDATE: UK 3Q Housing Equity Withdrawal −GBP5.7 Billion Vs −GBP1.9 Billion (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 29 | 09:30 | UK | Housing Equity Withdrawal (QoQ) (3Q) | -5.7B | -2.8B | |
| 10:30 | CH | KOF Leading Indicator (Dec) | -0.39 | -0.05 | ||
| 14:45 | US | Chicago Purchasing Managers' Index (Nov) | 33.8 | |||
| 16:00 | DE | Consumer Price Index (MoM) (Dec)  | -0.5% | |||
| 16:00 | DE | Consumer Price Index (YoY) (Dec) | 1.4% | |||
| Dec 30 | 09:00 | EMU | M3 (YoY) (Nov) | 8.7% | ||
| 09:00 | CH | UBS Consumption Indicator (Nov) | 1.32 | |||
| 14:00 | US | S&P/Case−Shiller Home Price Indices (Oct) | -17.4% | |||
| 15:00 | US | Consumer Confidence (Dec) | 44.9 | |||
| Dec 31 | 00:30 | AU | Private Sector Credit (MoM) (Nov) | 0.6% | ||