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Forex Blogs
Forex Trading Today: We Continue with our Two Cousins…Gold and Euro! by Tim Salem
Yes... our "thin" Volume continues all across the Markets... and with plenty of illiquid Price action thrown in there as well! This becomes an oxymoron, If you will... as high and low liquidity can equal low and high volatility and vice versa!
The Advisor Blog: Majors's sentiment for today by Valeria Bednarik
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Jan 5, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jan 5, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Dec 30, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Jan 5, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Jan 5, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Jan 5, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN |  |
Current Session: Europe − U.S.
EUR/USD
Daily Analysis − The Euro may gain up to $1.50 against the Dollar next year by Finotec Group Inc.
The dollar fell the most in almost two weeks against the euro after Israel's assault on the Hamas− controlled Gaza Strip raised concern that oil exporters will reduce crude supplies to U.S. consumers. The euro may strengthen to $1.5166 in the first quarter, technical indicators show, according to Royal Bank of Scotland Group Plc. "With some strong base formed near $1.2300, the bias drifts up to $1.5166" in the first quarter, Tom Pelc, head of technical strategy at Royal Bank of Scotland in London, wrote in a note today. The EUR/USD is currently trading at $1.4125 as of 8:30am, GMT.
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GBP/USD
Daily Forex News − Market reversed most of Cable gains from mid−December and traded below 1.5000 by ACM − Advanced Currency Markets
Market reversed most of Cable gains from mid−December and traded below 1.5000. Sentiment remains mixed but renewed strength may open the way to 1.6075 (38.2% retracement of 1.8669 – 1.4471 decline) and even 1.6570 (50% retracement).
JPY
JPY crosses also on roller coaster ride as end of year draws near by Saxo Bank
Looking at the market action, it appears the USD and the JPY are trying to push a bit stronger, but let's keep an eye on the levels mentioned above in the EUR crosses before we get our hopes up on a bigger directional move.
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 CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Dec 30 | 15:00 | Consumer Confidence | - | 44.9 |
US economic indicators - Consumer confidence indicators (Dec): declining due to marked falls in employment by BHF−Bank
The Conference Board's consumer confidence rebounded from 38.8 to 44.9 in November, supported by significant declines in gasoline prices and the victory of Barrack Obama in the Presidential Election.
[ Full Story ]Top Market Movers Review
Switzerland UBS CONSUMPTION INDICATOR
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 30 | 09:00 | UBS Consumption Indicator | 0.96 | - | 1.32 |
Swiss consumption index hits 3−1/2−year low − UBS (Thomson Financial News)
The UBS consumption index forSwitzerland hit a 3−1/2−year low in November as prospects for consumer spending are becoming ever bleaker, Swiss bank UBS said on Tuesday.
[ Full Story ]EMU M3
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 30 | 09:00 | M3 (YoY) | 7.8% | - | 8.7% |
DATA SNAP: Euro−Zone Nov M3 Broad Money Supply Slows Sharply (Dow Jones)
Broad money supply growth in the euro zone slowed sharply in November, coming in below economists' forecasts, while lending to the private sector also eased, data from the European Central Bank showed Tuesday.
[ Full Story ]- Read the M3 Money data at ECB
- EU Nov M3 falls to 7.8% vs 8.7% (FXstreet.com)
EMU economic indicators - M3 growth (November): slowed to 8.3% yoy by BHF−Bank
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 | ||
| Dec 30 | 09:00 | EMU | M3 (YoY) (Nov) | 7.8% | 8.7% | |
| 09:00 | CH | UBS Consumption Indicator (Nov) | 0.96 | 1.32 | ||
| 14:00 | US | S&P/Case−Shiller Home Price Indices (Oct) | -17.4% | |||
| 14:45 | US | Chicago Purchasing Managers' Index (Nov) | 33.8 | |||
| 15:00 | US | Consumer Confidence (Dec) | 44.9 | |||
| 16:00 | DE | Consumer Price Index (MoM) (Dec)  | -0.5% | |||
| 16:00 | DE | Consumer Price Index (YoY) (Dec) | 1.4% | |||
| Dec 31 | 00:30 | AU | Private Sector Credit (MoM) (Nov) | 0.6% | ||