Thursday, Feb 09, 19:50 GMT
ASIA-PACIFIC Trading Newsletter
Follow us on Twitter • Subscribe to our RSS feeds • Visit our Facebook page
To Get Started
- WEBINAR RECORDING:Price Action Trading: Analysis and setups on any time frame by Chris Capre
- FOREX VISIONARIES: 'It is still premature for China to become the first power' - Lan Yee Chan
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
Forex Best Awards 2012 − Best Fundamental Analysis and Best Technical Analysis Nominees Released by Yohay Elam
I'm happy to announce you that we will very soon launch the Forex Best Awards 2012. Let me remind you how it works...
GY To be, or not to be, that is the question by Sir Gissachance
What Are the Potential Outcomes for Silver in 2012? by Lior Cohen
Webinars Schedule
Pairs Correlations & Stop Hunting − Free Access Day
Expert: Dale Pinkert
Start: Thu, Feb 9, 21:00 GMT
Type of Session: Webinar
Trading Week Outlook
Expert: Ilian Yotov
Start: Fri, Feb 10, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Feb 9, 21:00 GMT | Pairs Correlations & Stop Hunting − Free Access Day | Dale Pinkert | WBN |  |
| Fri, Feb 10, 08:00 GMT | London FX Open Breakfast | Kathleen Brooks | WBN | |
| Fri, Feb 10, 13:00 GMT | Trade Live The New York Session | Mike Baghdady | WBN | |
| Fri, Feb 10, 15:00 GMT | Trading Week Outlook | Ilian Yotov | WBN | |
| Mon, Feb 13, 00:00 GMT | Weekly Markets Opening | Ivan Delgado Egea | LCV | |
Current Session: U.S.
News that Greece's political leaders reached an agreement on key austerity measures needed to secure funds from the Troika to avoid a default, boosted the Euro that touched a fresh 2−month high of 1.3320 on Thursday.
The pair finished the session higher following the release of better than expected UK related macro economic data, as well as reports that Greek politicians have reached an austerity deal.
After yesterday's inventory numbers, oil traders' attention will today shift back to the political situation in Athens and the much anticipated ECB press conference...
Charting the Market Movers
EUR USD, Hourly
Event of the Day
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 9 | 12:45 | ECB Interest Rate Decision | 1% | 1% | 1% |
EMU: ECB keeps interest rate at 1% (FXstreet.com)
[ Full Story ]- Read the official release at ECB
- Forex Flash: Euro up on Greece and ECB news – Wells Fargo (FXstreet.com)
- Drgahi: Fiscal Compact a meajor event (Forex Live)
- Draghi: ECB not a party to PSI but hear agreement near (Forex Live)
Event of the Week
Australia RBA INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 7 | 03:30 | RBA Interest Rate Decision | 4.25% | 4.00% | 4.25% |
Daily Forex News - Forex − RBA Holds Rates at 4.25% by Swissquote Bank SA
[ Full Story ]- Read the Rate data at RBA
- Forex Flash: AUD/USD rallies on RBA decision − UBS (FXstreet.com)
- Asian markets drop, Australia leaves rate at 4.25% (FXstreet.com)
- Forex Flash: AUD/USD short term bias remains to head higher − Westpac (FXstreet.com)
European Market Update - Australia's RBA unexpectedly left its Key Rate unchanged by TradeTheNews.com
FX Market Wrap Up - AUDUSD Readies for RBA, EURUSD Realigns with Risk Trends by DailyFX
Market Session Snap−Shot - RBA Opts To Keep Rates On Hold, Sending AUDUSD Higher by Swissquote Bank SA
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 9 | 15:00 | US | Wholesale Inventories (Dec) | 1.0% | 0.4% | 0.0% |
| 18:00 | EMU | EcoFin Meeting | ||||
| 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (Jan) | 0.1% | 0.1% | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (YoY) (Jan) | 0.8% | 1.3% | ||
| Feb 10 | n/a | CN | Trade Balance (Jan) | 10.40 | 16.52B | |
| 00:30 | AU | RBA Monetary Policy Statement | ||||
| 07:00 | DE | Consumer Price Index (MoM) (Jan) | -0.4% | 0.7% | ||
Educational Resources
'It is still premature for China to become the first power' − Lan Yee Chan
FXstreet.com − Read the fourth interview of 'Forex Visionaries', the FXstreet.com's new exclusive series. Discover original visions of the future of the markets from Forex experts. This interview is with Lan Yee Chan.
More interviews in the series:
'It is the inefficiency within markets which creates opportunity daily' - Mark Whistler
'Traders who leverage social networks are much more efficient' - Asaf Yigal
'The Internet itself will turn into one large exchange' - Richard Olsen
METATRADER
The Murrey Math Lines X indicator automatically draws support, resistance and pivot levels using Murrey Math theory, which states that prices move in 1/8′s.
The Triangular moving average (TMA) technical indicator is a weighted average of the last n prices, whose result is equivalent to a double smoothed simple moving average.