Thursday, Apr 12, 16:53 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: New wave of USD selling
- Special Coverage: ECB Meeting Review
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NEXT SPECIAL WEBINARS
Weekly Webinar: 1st on Forex - The Week Ahead
Expert: Jerry Furst
Start: Mon, Apr 16, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Apr 16, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - EUR/USD Remains Firm after ECB on Hold, but EUR/JPY Retreats by ActionForex.com
EUR/USD turns sideway after reaching as high as 1.3477 earlier today. But short term bias remains on the upside as long as EUR/USD stays above 1.3406 support. Further rally is still expected towards 1.3668 resistance (04 high).
- Trade Alert: EUR/USD by Tony Juste
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
- Read the comments to the latest market moves at our Forex Forum
Other Topics for this Session:
Global FX Daily - U.S. Edition - EUR-USD consolidating lower after testing $1.3477 in early trading by Mellon Foreign Exchange
Daily Technical Briefing - US Dollar Gets a Breather as Market Consolidates by FXCM
Daily Forex Forecast - Daily Forex Forecast by FXDream
Currencies at a Glance
- EUR/USD
- Trades around third resistant level at 1.3479 after bounced at 1.3500
04/12/2007 16:32 GMT - GBP/USD
- Back around today's pivot at 1.9757 after bounced at first resistant level 1.9806
04/12/2007 16:32 GMT - USD/CHF
- Trades around first support level at 1.2171 after bounced at second support level 1.2135
04/12/2007 16:33 GMT - USD/JPY
- Trades around first support level at 118.99 after bounced at 118.80
04/12/2007 16:32 GMT
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
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Apr 13 | 09:00 | Industrial Production s.a. (MoM) | 0.4% | -0.2% |
Friday Notes - Rising risks for us consumption by HVB Group
After the slight decline in January, industrial production should remain flat in February. The underlying trend is gradually cooling off, in line with the recent figures of major factory surveys, which depict a moderate cyclical slowdown in the manufacturing sector. However, the broader GDP outlook remains one of solid growth.
[ Full Story ]Top Market Movers Review
US IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 12 | 12:30 | Import Price Index (MoM) | 1.7% | 0.8% | 0.1% |
US March import prices up 1.7 pct, largest rise since May as oil imports jump (AFX News)
Prices for imported goods rose in March by the largest amount in almost a year, the Labor Department said today. Import prices rose 1.7 pct in the month, after rising a revised 0.1 pct in the prior month. That's the largest rise in import prices since May, when they rose 1.8 pct.
[ Full Story ]- Read the Import Prices data at Department of Labor
- Energy pushes Import Prices up in March (FXstreet.com)
- US Import Prices: Table Of Data For March (Dow Jones)
- Tony Juste, FX Advisor at FXstreet.com: "The release of a higher than expected rise in import prices highlights the possibility of a sustained threat of inflation as the Fed pointed out in the minutes of the last meeting." - FXstreet.com
The Week Ahead - FOMC Minutes, Import price Index, Trade Balance, PPI and core, Consumer sentiment Prel. by BBVA Bancomer
EMU ECB RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 12 | 11:45 | ECB Rate Decision | 3.75% | 3.75% | 3.75% |
ECB Meeting Review by FXstreet.com
As it was widely expected the European Central Bank has kept its interest rate on hold at its actual 3.75%. The markets have reacted after JC Trichet press conference, where Mr. Trichet has left out the word "vigilance" signaling the bank's stance on inflation observances, his stance on inflation remains hawkish as he said the bank will "very closely monitor" prices developments and will act in a "firm and timely manner."
- Read the Monetary policy decisions at ECB
- Forex- Euro edges back up after short-lived dip on Trichet comments (AFX News)
- ECB leaves rates unchanged (AFX News)
- ECB Leaves All Key Interest Rates Unchanged (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 12 | 08:30 | UK | Trade Balance | -6.8B | -6.4B | -6.4B |
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) | 0.9% | 0.9% | 0.6% | |
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) | 3.3% | 3.3% | 3.3% | |
| 11:45 | EMU | ECB Rate Decision | 3.75% | 3.75% | 3.75% | |
| 12:30 | US | Import Price Index (YoY) | 2.8% | 2.3% | 1.0% | |
| 12:30 | US | Initial Jobless Claims (Apr 7) | 342K | 321K | ||
| 12:30 | CA | New Housing Price Index (YoY) | 10.0% | 0.3% | 10.1% | |
| 12:30 | US | Import Price Index (MoM) | 1.7% | 0.8% | 0.1% | |
| 22:45 | NZ | Retail Sales | 1% | |||
| Apr 13 | 09:00 | EMU | Industrial Production s.a. (MoM) | 0.4% | -0.2% | |