Here is the key factor to keep in mind today for Euro trades:

• German Industrial Production: German Industrial Production for October decreased by 1.4% monthly and increased by 2.7% annualized. Economists predicted an increase of 1.0% monthly and of 4.3% annualized. Forex traders can compare this to German Industrial Production for September which decreased by 1.6% monthly and which increased by 4.1% annualized.
• Eurozone GDP: Eurozone Final GDP for the third-quarter increased by 0.6% quarterly and by 2.6% annualized. Economists predicted an increase of 0.6% quarterly and of 2.5% annualized. Forex traders can compare this to the previous Eurozone GDO for the third-quarter which increased by 0.6% quarterly and by 2.5% annualized. Eurozone Household Consumption for the third-quarter increased by 0.3% quarterly, Eurozone Government Expenditure increased by 0.2% quarterly and Eurozone Gross Fixed Capital increased by 1.1% quarterly. Economists predicted an increase of 0.4%, of 0.3% and of 0.7%. Forex traders can compare this to Eurozone Household Consumption for the second-quarter which increased by 0.5% quarterly, to Eurozone Government Expenditure which increased by 0.5% quarterly and to Eurozone Gross Fixed Capital which increased by 2.0% quarterly.

Here are the key factors to keep in mind today for Japanese Yen trades:

• Japanese Official Reserve Assets: Japanese Official Reserve Assets for November were reported at $1,261.2B. Forex traders can compare this to Japanese Official Reserve Assets for October which were reported at $1,260.9B.
• Japanese Buying Foreign Bonds and Japanese Buying Foreign Stocks/Foreign Buying Japanese Bonds and Foreigners Buying Japanese Stocks: Japanese Buying Foreign Bonds for December 1st was reported at -¥208.1B and Japanese Buying Foreign Stocks was reported at ¥603.9B. Forex traders can compare this to Japanese Buying Foreign Bonds for November 24th which was reported at ¥138.0B and to Japanese Buying Foreign Stocks which was reported at ¥136.3B. Foreign Buying Japanese Bonds for December 1st was reported at ¥221.8B and Foreigners Buying Japanese Stocks was reported at -¥167.1B. Forex traders can compare this to Foreign Buying Japanese Bonds for November 24th which was reported at ¥543.5B and to Foreigners Buying Japanese Stocks which was reported at -¥155.3B.
• Japanese Leading Index and Japanese Coincident Index: The Preliminary Japanese Leading Index for October was reported at 106.1 and the Preliminary Japanese Coincident Index was reported at 116.5. Economists predicted a figure of 106.1 and of 116.2. Forex traders can compare this to the Japanese Leading Index for September which was reported at 106.4 and to the Japanese Coincident Index which was reported at 116.2.

Should price action for the EURJPY remain inside the or breakout above the 132.600 to 132.900 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 132.750
• Take Profit Zone: 134.150 – 134.500
• Stop Loss Level: 132.000

Should price action for the EURJPY breakdown below 132.750 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 132.200
• Take Profit Zone: 131.150 – 131.750
• Stop Loss Level: 132.750

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