Tuesday, Jan 02, 18:25 GMT
ASIA-PACIFIC Trading Newsletter
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- Forex Forum: Post your comments and share your opinions with fellow traders
- Featured Book: High Probability Trading Setups for the Currency Market
- Follow Europe and US action live with Tony Juste's Daily Show
Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - Euro Strength, Dollar Weakness by ActionForex.com
EUR/USD's strength continues today reaches as high as 1.3288 so far. Sustained break of 1.3244 cluster resistance (61.8% retracement of 1.3362 to 1.3051 at 1.3243) indicates corrective fall from 1.3362 has completed at 1.3051. At this point, further rally is expected to follow to 1.3364 resistance.
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Insight on the fundamentals in the Fundamentals section at FXstreet.com
- What´s next on the agenda? Take a look at our Economic Events Calendar
- What's going on in the markets? Read our latest Forex news
Other Topics for this Session:
USD/JPY Daily Outlook - USD/JPY Daily Outlook by AceTrader
Currency Crosses: Trading Beyond Majors - NZDJPY: A channel is also the best way to look at NZDJPY by FXCM
European Forex Recap - European Forex Recap by FX Solutions
Currencies at a Glance
- EUR/USD
- Moves up above 1.3150
12/19/2006 3:40:18 PM - GBP/USD
- Moves up slightly above 1.9600
12/19/2006 3:40:30 PM - USD/CHF
- Moves down below 1.2200
12/19/2006 3:40:44 PM - USD/JPY
- Trades slightly above 118.00
12/19/2006 3:41:00 PM
Charting the Market Movers
EUR USD, Hourly
EUR JPY, Hourly
Top Market Movers Preview
No data expected - Japan Markets Closed.Top Market Movers Review
The December ISM manufacturing report and Fed minutes from the Dec 12 meeting will now be released on Wednesday rather than today.UK PMI Manufacturing
| Period | Previous | Consensus | Actual |
| December | 52.5 | 53.0 | 51.9 |
UK Dec manufacturing PMI 51.9, lowest since March by AFX News
The UK's manufacturing sector, which accounts for around 15 pct of the country's GDP, saw growth ease unexpectedly in December to its slowest rate in nine months, sources said of a key survey. They said that the Chartered Institute of Purchasing and Supply's purchasing managers index slipped to 51.9 in December from a downwardly revised 52.5 in November. The October reading was initially 52.6.
- Tony Juste, FX Advisor at FXstreet.com:
"UK PMI comes out disappointing investors, but the reality behind the number is that a so strong Pound against the asian currencies could have a more-than-moderate impact on the economy mid-term and I do not think that is the monetary policy that should be favoured. The european regions are starting to show some fatigue and their respective currencies are digging that hole further." - FXstreet.com
EMU PMI
| Period | Previous | Consensus | Actual |
| December | 56.6 | 56.8 | 56.5 |
Euro zone Dec manufacturing PMI slips to 9-month low of 56.5 - sources by AFX News
The euro zone's manufacturing sector saw output grow at its slowest rate in nine months during December, sources said of a key survey. The purchasing managers index for the euro zone manufacturing sector slipped to 56.5 in December from an unrevised 56.6 in November, they said.
Analysts polled by AFX News had predicted a modest rise to 56.9.