The News Review:

- Research and Markets: Sentiment in the Forex Market: Indicators …
- Iran’s forex reserves above $80 bln – state tv
- FOREX-Shaky stocks support yen interest rates in focus
- Forex and Dow Jones recommended levels
- FOREX VIDEO REVIEW: London Session December 2 2008

Research and Markets: Sentiment in the Forex Market: Indicators …
MarketWatch 
When crowd sentiment is overwhelmingly positive or overwhelmingly negative it’s a signal that the trend is exhausted and the market is ready to move powerfully in the opposite direction. Sentiment has long been a tool used by equity futures and options traders. In Sentiment in the Forex Market FXCM analyst Jaime Saettele applies sentiment analysis to the currency market using both traditional and new sentiment indicators including: Commitment of Traders reports; time cycles; pivot points; oscillators; and Fibonacci time and price ratios. He also explains how to interpret news coverage of the markets to get a sense of when participants have become overly bullish or bearish. Saettele points out that several famous traders such as George Soros and Robert Prechter made huge profits by identifying shifts in crowd sentiment at major market turning points. Many individual traders lose money in the currency market Saettele asserts because they are too short-term oriented and trade impulsively. He believes retail traders would be much more successful if they adopted a longer-term contrarian approach utilizing sentiment indicators to position themselves at the beginning points of major trends.
Related from Marketingmonster: Research and Markets: Marketing Research and Analysis of the …

Iran’s forex reserves above $80 bln – state tv
Reuters 
The figure was in line with one given in April. But worldoil prices have fallen by around $100 a barrel since July andIran and other major crude producers face declining exportrevenue from their hydrocarbon wealth. “Central bank: Iran’s forex reserves over $80 billion” theEnglish-language satellite station said in a scrolling headline. Central bank officials in the past said Iran was switchingreserves into currencies other than the U. dollar because ofU.

FOREX-Shaky stocks support yen interest rates in focus
Reuters 
A steep slide in the yuan to the bottom of its trading bandagainst the dollar supported the U. currency as it raisedspeculation that China may be shifting its forex policy to allowthe yuan to depreciate to stimulate the economy. The dollar has found support in recent months fromdeleveraging as investors cut exposure to riskier assets andrepatriated returns into the U. Analysts said expected rate cuts this week would furtherbenefit the dollar as they would shrink the yield advantage ofcurrencies such as the euro and sterling.

Forex and Dow Jones recommended levels
International Business Times NY 
2572(main) where correction is possible. Break would give 1. 2544 where correction also may be.

FOREX VIDEO REVIEW: London Session December 2 2008
Forex Factory 
Today’s London session had proven to be ranging a good bit with very little overall follow through of any moves. Then simply applying a Fibonacci retracement study from support at the 1. 26 support area to the high of the break at 126.