Wednesday, Dec 31, 12:43 GMT
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Forex Blogs
Forex Trading Today: The Battle of The Channel... Part II ! by Tim Salem
Happy New Year's Eve to All ! I thought we would revisit our big Battle of the English Channel going on with the EuroZone and the U.K. It is certainly timely since we have had such devisive appreciation of the Euro in this case…Her Majesty may need us to rescue Her again from the Deep Blue!
FX Path: EUR/USD - New Year’s Consolidation on Pullback by James Chen
ForexHedge: Year end by Ron Schelling
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 | ||||
| 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 |  |
| Mon, Jan 5, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe − U.S.
EUR
Forex Trading Strategies − The New Year is soon upon us − what will it bring for currencies? by Saxo Bank
EUR weaker: We've covered this one extensively in recent days. The Euro has rallied for good reasons: it has refused to join the competitive devaluation impulse launched so aggressively by the Fed and the Bank of England and it is one of the most liquid currencies outside the USD in a world that is very concerned about illiquidity. Its economic weakness has also been less vicious so far on the whole as well, even if there are very troubled spots.
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GBP
Daily Analysis − The ECB under pressure after weak sales and job losses by Finotec Group Inc.
The pound hovered close to record troughs against the euro, keeping parity with the common currency in sight on the view that the UK economy will deteriorate further, keeping intact the prospect of more aggressive interest rate cuts in Britain than in the euro zone.
AUD/USD
Forex Market Outlook on Minors/Crosses − Despite aussie's rebound fm Asian low at 0.6882 by AceTrader
Despite aussie's rebound fm Asian low at 0.6882, a break abv 0.6943 (y'day's high) is needed to signal nr term upmove fm 0.6755 has resumed, bring retest of prev. res at 0.6969 n then 0.7000/10.
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 INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Cons. | Previous | |
| Dec 31 | 13:30 | Initial Jobless Claims | 575K | 586K |
| Dec 31 | 13:30 | Continuing Jobless Claims | - | 4370K |
Forex Trading Strategies - The New Year is soon upon us − what will it bring for currencies? by Saxo Bank
The market action continues to show a market that isn't sure what it wants to do here in the short term − and larger players are undoubtedly waiting for the New Year before putting on any meaningful positions. Still, volatility is easy to come by these days, especially with end of month/year fixing up today.
[ Full Story ]Top Market Movers Review
US MBA MORTGAGE APPLICATIONS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 31 | 12:00 | MBA Mortgage Applications | 10.3% | - | 48.0% |
US mortgage applications unchanged at 5−year peak (Thomson Financial News)
Demand for U.S. mortgage applications was unchanged during the Christmas holiday week, holding the highest levels in more than five years with loan rates near record lows, an industry group said on Wednesday.
[ Full Story ]- Read the Mortgage Applications data at MBA
- US Dec 26 MBA Mortgage Applications down to 10.3% vs 48% (FXstreet.com)
- US mortgage applications unchanged at 5−year peak (Thomson Financial News)
- TABLE−US mortgage applications steady in Dec 26 week −MBA (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 30 | 15:00 | US | Consumer Confidence (Dec) | 38.0 | 44.9 | |
| Dec 31 | 00:00 | DE | New Year's Eve | |||
| 00:30 | AU | Private Sector Credit (MoM) (Nov) | 0.4% | 0.6% | ||
| 00:30 | AU | Private Sector Credit (YoY) (Nov) | 8.2 | 9.7 | ||
| 12:00 | US | MBA Mortgage Applications (Dec 26) | 10.3% | 48.0% | ||
| 13:30 | US | Continuing Jobless Claims (Dec 20) | 4370K | |||
| 13:30 | US | Initial Jobless Claims (Dec 27) | 575K | 586K | ||
| 15:35 | US | EIA Crude Oil Stocks change | -1.4M | -3.1M | ||
| 19:00 | EMU | ECB Trichet's Speech | ||||
| Jan 1 | 00:00 | JP | New Year's Day | |||