Forex fundamental overview
Time EST
3:30am CHF Interest Rate Statement
6:00am GBP CBI Industrial Trends Orders
8:30am USD Core Retail Sales m/m
8:30am USD PPI m/m
8:30am CAD Manufacturing Shipments m/m
6:50pm JPY Tankan Large Manufacturers Index

Forex technical overview

EUR-USD => From 1.4701 / 1.4727 level we should see a pullback down to at least 1.4655 and possibly lower. Breaking above 1.4799 sets a buyers signal.

GBP-USD => Support at 2.0404 / 2.0346 should hold all declines. Tests of 2.0523 and up to 2.0584 are expected. S/L slightly below 2.0224.

USD-CHF => Support at 1.1311 / 1.1280 levels should hold all declines. Tests of 1.1374 / 1.1407 are going to be seen. S/L slightly below 1.1214.

USD-JPY => The pair is most likely going to stay in a range bouncing between 111.78 - 113.62 levels.

EUR-JPY => While 164.17 / 163.60 provides support we should see higher attempts towards 166.18 level. S/L slightly below 163.03 level.

EUR-GBP => Again expecting 0.7185 - 0.7230 boundaries to hold the pair is a trading range for a while.

EUR-CHF => Buyers will dominate further pushing price higher to 1.6726 / 1.6834 presuming that support at 1.6655 holds. Later a correction towards 1.6655 - 1.6618 is expected.

AUD-USD => Currently targeting 0.8915 or even 0.9002. Support at 0.8820 - 0.8777 area should hold all pullbacks.

USD-CAD => 1.0060 and 1.0136 levels will hold a consolidation for a while.

Good luck in trading Forex today!

This entry was posted on Thursday, December 13th, 2007 at 2:40 am and is filed under Daily market comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.