Friday, Apr 13, 17:01 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: 'Good?' Friday
- Special Coverage: ECB Meeting Review
- Who call the shots in the Forex Market? Reply to Sonic in the Forum
- Breaking News: FXstreet.com International Traders Conference - Barcelona 2007
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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 - Dollar Struggles to Rebound on Unexpectedly Narrowed Trade Deficit by ActionForex.com
EUR/USD's rally extends further to as high as 1.3536 and is now pressing short term channel resistance (now at 1.3547). At this point, intraday bias will still remain on the upside as long as EUR/USD stays above 1.3501 minor support and further rally is in favor. However, below 1.3501 will suggest an intraday top in formed and bring pull back.
- Oracle Call - EUR/USD (re-print) 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:
Weekly Market Commentary - Relentless US Dollar weakness has been missed by Mizuho Corporate Bank
Daily Technical Briefing - US Dollar Plunges to 25 Month Low by FXCM
Daily Trading Strategy - 1.4000 Now? by MVDForex
Currencies at a Glance
- EUR/USD
- Moves down , trades around first resistant level at 1.3512
04/13/2007 16:52 GMT - GBP/USD
- Moves down , trades around first resistant level at 1.1.9825
04/13/2007 16:52 GMT - USD/CHF
- Trades around 1.2155 , above first support level at 1.2120
04/13/2007 16:52 GMT - USD/JPY
- Continues to move up above today's pivot level at 119.14
04/13/2007 16:52 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Apr 16 | 09:00 | Consumer Price Index (MoM) | 0.6% | 0.3% |
| Apr 16 | 09:00 | Consumer Price Index (YoY) | 1.9% | 1.9% |
Friday Notes - US employment heyday to fizzle in Spring by HVB Group
We expect EMU CPI to be revised upward from the flash estimate of 1.9% to 2.0%. The core rate is expected to stay at 1.9%, with chances of a slightly lower figure. Overall, we expect inflation to show a temporary moderation in Q2 and Q3 2007, to be followed by a renewed rise toward 2% in Q4.
[ Full Story ]Top Market Movers Review
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 13 | 12:30 | Trade Balance | -$58.44B | $60.50B | -$58.88B |
DATA SNAP: US Feb Trade Gap $58.44 Billion, Less Than Expected (Dow Jones)
The U.S. foreign trade deficit unexpectedly declined in February, as a lower bill for imported crude oil helped offset a decline in capital goods exports. The U.S. deficit in international trade of goods and services fell 0.7% to $58.44 billion from January's revised $58.88 billion, the Commerce Department said Friday.
[ Full Story ]- Read the U.S. International Trade in Goods and Services at Census Bureau
- ECONOMIC REPORT: U.S. Trade Gap Narrows For Third Straight Month In February (Dow Jones)
- Forex - Dollar stays near 2-yr lows against euro, barely affected by trade data (AFX News)
- Dollar Shows Little Reaction To PPI And Trade (Dow Jones)
US PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 13 | 12:30 | Producer Price Index (MoM) | 1.0% | 0.6% | 1.3% |
| Apr 13 | 12:30 | Producer Price Index ex Food & Energy (MoM) | 0% | 0.2% | 0.4% |
US March PPI up 1.0 pct, core PPI unchanged (AFX News)
US inflation at the wholesale level rose in March at a sharper pace than expected while core inflation, which strips out volatile food and energy prices, was tamer than expected, the Labor Department said today. The department's Producer Price Index, which measures inflation pressures before they reach the consumer, rose 1.0 pct in March, while core inflation was unchanged in the month.
[ Full Story ]- Read the Producer Price Index data at Labor Department
- PPI up 1 pct in March, core prices flat (AFX News)
- Table Of US PPI Data From Labor Department (Dow Jones)
- DATA SNAP: PPI Jumps, But Underlying Costs Well Contained (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 13 | 09:00 | EMU | Industrial Production s.a. (MoM) | 0.6% | 0.4% | -0.5% |
| 12:30 | US | Producer Price Index (MoM) (Mar) | 1.0% | 0.6% | 1.3% | |
| 12:30 | US | Producer Price Index ex Food & Energy (MoM) (Mar) | 0% | 0.2% | 0.4% | |
| 12:30 | US | Trade Balance (Feb) | $-58.44B | $60.50B | -$58.88B |
|
| 12:30 | CA | International Merchandise Trade | $4.83B | $6.00B | $6.35B | |
| Apr 16 | 09:00 | EMU | Consumer Price Index (MoM) (Mar) | 0.6% | 0.3% | |
| 09:00 | EMU | Consumer Price Index (YoY) (Mar) | 1.9% | 1.9% | ||
| 12:30 | US | Retail Sales (MoM) (Mar) | 0.4% | 0.1% | ||
| 12:30 | US | Retail Sales ex Autos (MoM) (Mar) | 0.7% | -0.1% | ||
| 14:00 | US | Business Inventories (Feb) | 0.2% | 0.2% | ||