The Fusion Media Network: |
- BROKERS

Main 
Directory 
Promotions 
Interviews 
Compare 
Demo Accounts 
Live Accounts - SOFTWARE
Main 
Charts 
Signals 
Trading Platforms - FUND MANAGERS
Main - EDUCATION
Main - MEMBERSHIP
Market Analysis
Fundamental
Technical
Central Banks
Forex Brokers

Market Analysis
19-12-2007 - Forex Webtrader | General Overview

Previous Analysis | Next Analysis ECB Liquidity Infusion Opening Up For Jolly Holidays
The record liquidity infusion yesterday created a positive sentiment that it should help alleviating the financial crisisOvernight News Bullets
- SZ Adjusted Real Retail Sales (Oct), out at 2.2% vs. 5.2% exp. 7.1% prior.
- UK CPI MoM/YoY (Nov), out at 0.3%/2.1% vs. 0.3%/2.2% exp. 0.5%/2.1% prior.
- UK Core CPI YoY (Nov), out at 1.4% vs. 1.6% exp. 1.5% prior.
- UK Retail Price Index (Nov), out at 209.7 vs. 209.6 exp. 208.9 prior.
- UK RPI MoM/YoY (Nov), out at 0.4%/4.3% vs. 0.3%/4.2% exp. 0.4%/4.2% prior.
- UK RPI Ex Mort Int. Payments (Nov), out at 3.2% vs. 3.1% exp. 3.1% prior.
- E-Z Euro-Zone Trade Balance nsa (Oct), out at 6.1B vs. 3.5B exp. 3.1B prior.
- E-Z Euro-Zone Trade Balance sa (Oct), out at 4.0B vs. 3.0B exp. 3.9B prior.
- CA Consumer Price Index MoM/YoY (Nov), out at 0.3%/2.5% vs. 0.2%/2.4% exp. -0.3%/2.4% prior.
- CA Bank Canada CPI Core MoM/YoY (Nov), out at 0.0%/1.6% vs. 0.2%/1.8% exp. -0.2%/1.8% prior.
- UK Total Business Investment QoQ/YoY (3Q F), out at 2.0%/6.6% vs. 0.0%/4.6% exp. 0.0%/4.6% prior.
- CA Leading Indicators MoM (Nov), out at 0.0% vs. 0.1% exp. 0.1% prior.
- US Housing Starts (Nov), out at 1187K vs. 1176K exp. 1229K prior.
- US Building Permits (Nov), out at 1152K vs. 1150K exp. 1178K prior.
- NZ Visitor Arrivals (Nov), out at 2.8% vs. -2.6% prior.
- NZ Food Prices (Nov), out at 0.4% vs. 0.6% prior.
- US ABC Consumer Confidence (Dec 16), out at -17 vs. -23 prior.
- AU Westpac Leading Index (Oct), out at 0.5% vs. 0.8% prior.
- JN All Industry Activity Index (Oct), out at 1.2% vs. 1.1% exp. -1.6% prior.
- AU DEWR Skilled Vacancies MoM (Dec), out at 1.9% vs. 0.6% prior.
- Markets
FX: EURUSD consolidating around 1.4400, Yen weakness with risk appetite picking up. - Stocks: Slight positive sessions in Europe and US helped by ECB liquidity injection. Asia up on average, though Nikkei down
- Fixed Income: Treasuries supported by the liquidity infusion.
- Commodities: Oil still supported above 90$ a barrel. Precious metals lacking direction
O/N Data Heat map:
EU US JP UK SZ AU CA NZ NO SE FR + (+) + - - Calendar
Today's Highlights:Time (GMT) Region Release Consensus 08:30 SW Riksbank interest rate announcement (DEC) 4.00% 09:00 GE IFO – Business Climate (DEC) 103.8 09:00 GE IFO – Current Assessment (DEC) 109.9 09:00 GE IFO – Expectations (DEC) 98.0 09:30 UK Bank of England – minutes 10:00 EC Construction Output MoM/YoY (OCT) Prior 0.0% / 1.5% 12:00 US MBA Mortgage Applications (DEC) Prior 2.5% 13:30 CA Wholesale Sales MoM (OCT) 0.2% 15:30 US DOE U.S. Crude Oil Inventories (DEC) -1500K 15:30 US President Bush speaks on Energy Bill 21:45 NZ Current Account Balance (3Q) -4.910B 21:45 NZ Current Account %GDP (3Q) -8.2% 23:50 JN Merchands Trade Balance Total (NOV) JPY917.5B 23:50 JN Adjusted Merchands Trade Balance Total (NOV) JPY973.4B This and Next Week’s Highlights:
Date Region Release 20 Dec AU RBA Foreign Exchange Transactions 20 Dec JN BoJ Target Rate, Convenience Store Sales 20 Dec GE GfK Consumer Confidence Survey 20 Dec SZ Trade Balance, Producer & Import Prices 20 Dec NO Unemployment Rate 20 Dec UK GDP, Current Account, Public Finances, Public Sector Net Borrowing, M4 Money Supply, M4 Sterling Lending, BSA Mortgage Approvals 20 Dec US Personal Consumption, GDP Price Index, Core PCE, Initial Jobless Claims, Continuing Claims, Leading Indicators, EIA Natural Gas Storage Change, Philadelphia FED 20 Dec NZ GDP 21 Dec AU New Motor Vehicle Sales, 21 Dec NZ Credit Card Spending 21 Dec GE Import Price Index 21 Dec SW Manufacturing Confidence, Consumer Confidence, Economic Tendency Survey, PPI, 21 Dec EC E-Z Currenct Account SA, Industrial New Orders, 21 Dec UK Retail Sales, Index of Services, GfK Consumer Confidence Survey 21 Dec US Personal Income, Personal Spending, PCE Deflator, PCE Core, University of Michigan Confidence, Baker Hughes U.S. Rig Count 21 Dec CA GDP, Retail Sales What's going on?
- The ECB has added 350 billion EUR to the money market. Interbank rates have declined 50 bps. in the aftermath of the liquidity injections.
- The Japanese government is revising growth forecasts to 1.3% annualized from 2.1% prior due to stricter rules for building permits and collapsing housing starts. JPY edging lower.
- USD crosses completely lost momentum in the past 50-60 hours. A break-out might be imminent. Most likely to the upside.
- US stocks closing higher after having made new 3-week lows. Nasdaq looks weakest.
FX
EUR USD JPY GBP CHF AUD CAD NZD NOK SEK PLN - - + - + + FX Trading Strategies
Pair Supp. Resis. Comments EURUSD 1.4390 1.4437 Break-out play in EURUSD. Trading Range too compressed. Place order to buy at 1.4438 bid, target 1.4524. Use 25 pips trailing stop. Place order to sell at 1.4390 offered. Target 1.4553. 20 pips trailing stop Equities
Liquidity Infusion - The Last Push For a “White Christmas”?
The Liquidity Infusion by the ECB y’day was and is viewed as rather positive news, in addition Goldman Sachs showed some positives in that they managed to gain in the worst quarter of Wall Street since ’01 however they remained somewhat bleak on the future. Today’s important events is Minutes from Bank of England and Morgan Stanley reporting Q4 earnings.DAX UKX CAC OMX KFX OBX SMI NDX DJI SPX NKY + + + + + + - Equity Trading Strategies
Trading Strategy: With a bullish sentiment entering the day, we are looking to buy Deutsche Post (DPWGn:xetr) we like the risk/reward setup and see the uptrend intact. We are looking to buy between 23.00-23.25. Setting a stop at 22.80. Pushing for a target of 25.
Equity Index Levels
Content Provided by:
Forex Webtrader ForexWebtrader.com is a Company that markets online Forex Trading, Forex Options, CFDs on stocks and indices, Stocks and Futures. Offering real-time trading services to everyone from Institutional, Corporations, Professional Traders, and private individuals with little or no experience.
F...DISCLAIMER:
Finexo A/S shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information herein contained. The contents of this publication should not be construed as an express or implied promise, guarantee or implication by Finexo that clients will profit from the strategies herein or that losses in connection therewith can or will be limited. Trades in accordance with the recommendations in an analysis, especially leveraged investments such as foreign exchange trading and investment in derivatives, can be very speculative and may result in losses as well as profits, in particular if the conditions mentioned in the analysis do not occur as anticipated.
Add Your Comment
- Charts
- Promotions
- NEW DailyFX Signals - 1 Month Free
FXCM Forex Capital Markets - CLIENT BONUS PROGRAM
Wizztrade - No Performance Fee for 2 months
Wizztrade - Dashboard FX Signals FREE For Life
FX Universal - Super Trading Competition
FXCast
- Webmaster Tools
- Survey
What is your favorite type of promotion?

Sign Up for the latest in:
- Sponsored Links
Browse The Entire ForexPros.com Site:
News
Charts
Quotes
Forex To Go
Forex Analysis
Languages
Forex Brokers
Fund Managers
Forex Trading Software
Education
Trading Tools
2007 Fusion Media Limited. All Rights Reserved About Us | Advertise | Affiliate Program | Link To Us | Webmaster Tools | Contact Us
Risk Warning | Terms And Conditions | Privacy PolicyRisk Disclosure: Trading on margin involves high risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you before deciding to trade you should carefully consideryour investment objectives, level of experience, and risk apetite. There is always a relationship between high reward and high risk. Any type of market or trade speculation that can yield an unusually high return on investment is subjected to unusually high risk.

