Monday, Jan 29, 17:54 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- FOREX FORUM: Post your comments and share your opinions with fellow traders
- Check out the rest of our Newsletters and subscribe now!
- The Education Section: For all kind of traders
- Follow the FXEducator Chronicles by Ed Ponsi
Send us your feed back. Post your comments about the new newsletters' format in the Forum.
NEXT SPECIAL WEBINARS
Live Trading with Ed Ponsi
Expert: Ed Ponsi
Start: Tue, Jan 30, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Live Coverage of FOMC US Interest Rate Announcement
Expert: Jerry Furst
Start: Wed, Jan 31, 18:30 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- 1:30 pm EST (18:30 GMT) - Before: What makes this scheduled event so important
- 2:15 pm EST (19:15 GMT) - During: Watch the markets react with volatility spiking charts in all markets!
- 2:30 pm EST (19:30 GMT) - After: What Happened and What to Expect Next!
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 9th Edition
Expert: Wayne McDonell
Start: Fri, Feb 2, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: U.S.
GBP/USD
Mid-Day Forex Technical Report - Weakness in Yen and Sterling Persists by ActionForex.com
Cable edges further lower to 1.9546 today. At this point, intraday bias remains on the downside as long as cable stays below 1.9614 minor resistance. Further decline is expected to follow towards rising trend line (1.8517 to 1.8834, now at 1.9469).
- 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:
Daily Forex Forecast - Daily Forex Forecast by FXDream
Forex Trading Strategies - More Downside Seen in JPY by Saxo Bank
Daily Trading Strategy - The USD/JPY heading to 125 by MVDForex
Currencies at a Glance
- EUR/USD
- Trades above 1.2900
1/29/2007 2:34:01 PM - GBP/USD
- Moves down below 1.9575
1/29/2007 2:34:45 PM - USD/CHF
- Trades around 1.2550
1/29/2007 2:35:27 PM - USD/JPY
- Trades around 122.00
1/29/2007 2:36:20 PM
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
Japan Industrial Production
| Period | Previous | Consensus | Time |
| December (MoM) | 0.8% | 0.4% | Jan 29, 00:30 GMT |
| December (YoY) | 4.9% | 4.3 | Jan 29, 00:30 GMT |
Economic Release Alert - Japanese Industrial Production (DEC P) by FXCM
Japanese industrial production figures are set to impress, as a clearly weak currency continues to bolster demand from abroad. Though the year-over-year rate is likely to decline off of recent highs, it remains clear that domestic industry remains one of the strongest pillars of the world's second largest economy.
[ Full Story ]Top Market Movers Review
UK CBI Retail Sales
| Period | Previous | Consensus | Actual |
| January | +25p | +9p | +30p |
UK CBI Retail Sales rise to two year high by FXstreet.com
Retail sales have jumped in January at an unexpected extent to the highest level in two years, according to the latest survey by the Confederation of British Industry. A balance of +30 retailers have reported higher sales in January, in the monthly distributive sales survey, comparing with the +25 reading from December, January's level is the highest since December 2004.
[ Full Story ]- Strong New Year sales High boosts Street - CBI
- UK Jan retail sales balance +30 pct, highest since Dec 2004 - CBI (AFX News)
- UK inflation expectations rise further in January - Citigroup/YouGov survey (AFX News)
- Tony juste, FX Advisor at FXstreet.com:
"The BoE may be pleased with the 2-year high posted by the CBI data on retail sales. Analysts were anticipating a drop, which should've caused a rise in GBP, but the opposite has happened and that leads me to think that previous rise in UK currency was expectations-lead, and that when the actual news come out they will not have that much of a positive impact to the currency." - FXstreet.com
- John Longworth, executive director at ASDA and chairman at CBI's retailing panel:
"The pre-Christmas growth in year-on-year sales volume has carried convincingly through into January sales." - AFX News