Festival of Lights - Happy Happy - Joy Joy

Holiday Greetings to All - The Calendar is light this week - as it should be - and to give the volatile markets a much needed rest and break - but will the volatility calm down as the banks and corporations around the world turn off the office lights? A Happy Hanukkah to all celebrating the festival of lights.

Light News Calendar

There are several GDP Reports scheduled to be released for the US, UK, Canada, and New Zealand. Will the numbers really be a surprise to anyone if they come out a bit worse than expected?

Tuesday will have the UK GDP released at 4:30 EST and can serve as a heads up as to the volatility for the US GDP at 8:30 EST.  Other news on Tuesday for the US include Consumer Sentiment, New and Existing Home Sales Data, and Investor Confidence all coming out at 10 EST.

Wednesday has Jobless claims- Durable Goods - and Personal Income and Spending Data also clustered at 8:30 EST. The EIA will release both Petroleum and Natural Gas data on Wednesday to accommodate the Christmas Holiday on Thursday.  Canada releases GDP data at 8:30 on Wednesday.

For more scheduled news events … Check out my consolidated event calendar and

You are invited to attend my weekly webinar “The Week Ahead” to register click the link below.

The Week Ahead Calendar and Webinar - Click Here

Jerry Furst  is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients  Click Here for a Free Self Evaluation Survey.

Euro Dollar Give and Take

EUR-USD 4 Hour Chart (click to Enlarge)

In one months time the Euro ran up approx 2300 pips and on Friday gave back over 800! This after the Euro fell from the 1.4800 range from September 22 to make lows around 1.2300 back on October 27 - These are amazing one month moves!

Monthly Charts Show the Picture

Pound Gets Pounded - Falling Hard  

Above: EUR-GBP Monthly (Click to Enlarge) : Euro - Pound Screaming Towards Parity!

Canadian Loonie Analysis Trend Continues 

USD-CAD 30 Min Charts (click to enlarge) The Down Trend Channel continues - Charts from Dec 15, 16, and 19th show the progression

Bens Last Hurrah?

After Tuesday’s meeting - The next scheduled FOMC meeting is January 28, will there be a new Fed Chairman at the helm, or will Bernanke be held over? Will there be any more rate cuts available at that time? There are expectations that rates could be lowered to 0.25% - making the US rates even lower than Japan.

The Dollar Continues to Give Up Ground

AUD-USD 30 Minute Chart (Click to Enlarge)

Continuing Up Trend Channel

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The “1st on Forex”  Week Ahead Condensed Economic Calendar-  Click Here

Jerry Furst  is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients  Click Here for a Free Self Evaluation Survey.

What Now!

Last week I went fundamental - and with good reason. There was more news than I could keep up with - scheduled or otherwise. This week I will stick to the charts - unless if we get some major fundamental issue - like Charlie Gasparino deciding to drive some poor equity into the ground. Bottom line - be ready for anything in this enviornment!

Euro in The Box - Nice Consolidation Zone

Dollar Swiss Continues in Uptrending Channel

Usually the USD-CHF is a Mirror Image of the USD-CHF, however the status quo seems to be in question as the continued Dollar strength against the Swiss is not dargging the Euro down - for now…

The Week Ahead Calendar and Webinar - Click Here

Jerry Furst  is an active trader, educator, and Founder of Investors Education Network (IEN), He is a Mentor and Trading Coach to Select Clients  Click Here for a Free Self Evaluation Survey.