Tuesday, Apr 17, 16:57 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: JPY and GBP do it all
- Special Coverage: G7 Meeting Review by FXstreet.com
- Who call the shots in the Forex Market? Reply to Sonic in the Forum
- New Book: The Complete Idiot's Guide to Foreign Currency Trading
- Check out all our Delivery Options
- Have a look at our renewed Education Section. Selected Topic: Forex Basics
Send us your feed back. Post your comments about the new newsletters' format in the Forum.
NEXT SPECIAL WEBINARS
Forex Trading Live-on-the-News
Expert: Dustin Pass
Start: Wed, Apr 18, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Analysis on the recent US releases
Expert: Ashraf Laidi
Start: Wed, Apr 18, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: U.S.
GBP/USD
Mid-Day Forex Technical Report - CPI Dominates as Sterling Soars, Dollar Tumbles by ActionForex.com
Cable rises sharply to as high as 2.0073 today, meeting mentioned 61.8% projection of 1.8517 to 1.9913 from 1.9183 at 2.0046 as well as 100% projection of 1.7047 to 1.9024 from 1.8090 at 2.0067. At this point, further rise is still expected to follow as long as cable stays above 1.9940. Next upside target will be 92 high of 2.0106.
- GBP/USD watch 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:
Daily Forex Forecast - Daily Forex Forecast by FXDream
Daily Technical Briefing - British Pound Breaks Through 2.0000 - Where Is Resistance Now? by FXCM
Daily Trading Strategy - The British Pound makes history by MVDForex
Currencies at a Glance
- EUR/USD
- Moves down below first resistant level at 1.3562 , toward today's pivot at 1.3547
04/17/2007 16:46 GMT - GBP/USD
- Continues to trade around 2.0050 , above third resistant level at 2.0029
04/17/2007 16:46 GMT - USD/CHF
- Trades around third support level at 1.2092
04/17/2007 16:46 GMT - USD/JPY
- Moves down below 119.10 , below first support level at 119.18
04/17/2007 16:47 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
New Zealand CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Apr 17 | 22:45 | Consumer Price Index (QoQ) | 0.5% | 0.8% |
Weekly Commentary - Core focus by Westpac Institutional Bank
We expect Q1 CPI to rise 0.7%, nudging annual inflation up to 2.7%. The balance of risk to our forecast is downwards, courtesy of the fact that our quarterly forecast is very close to rounding to 0.6%. Higher food, housing and petrol prices will drive the overall increase with lower airfares providing a significant offset.
[ Full Story ]Top Market Movers Review
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 17 | 13:15 | Capacity Utilization | 81.4% | 82.0% | 81.6% |
| Apr 17 | 13:15 | Industrial Production (MoM) | -0.2% | 0.2% | 1.0% |
US March industrial output down 0.2 pct, capacity utilization 81.4 pct (AFX News)
Output from US factories, mines and utilities unexpectedly fell in March as utility output reversed a surge in February and capacity utilization fell slightly, the Federal Reserve said today. Output in February fell 0.2 pct after rising a revised 0.8 pct in March, while factories were using 81.4 pct of their capacity, two ticks below February's 81.6 pct.
[ Full Story ]- US March industrial output down 0.2 pct, capacity utilization 81.4 pct UPDATE (AFX News)
- U.S. Industrial production decreases in March with capacity down to 81.4% (FXstreet.com)
- DATA SNAP: US Mar Indus Production -0.2%, Cap Use 81.4% -2- (Dow Jones)
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 17 | 12:30 | Consumer Price Index (MoM) | 0.6% | 0.6% | 0.4% |
| Apr 17 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.5% | 2.6% | 2.7% |
| Apr 17 | 12:30 | Consumer Price Index (YoY) | 2.8% | 2.8% | 2.4% |
| Apr 17 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.1% | 0.2% | 0.2% |
DATA SNAP: Lower Clothing Prices Keep Core CPI In Check (Dow Jones)
A sharp drop in apparel prices and soft gains in housing and medical costs kept underlying inflation in check last month, a government report showed, though overall inflation accelerated on the back of higher energy prices.
[ Full Story ]- Read the Consumer Price Index data at Labor Department
- ECONOMIC REPORT: CPI Rises 0.6% In March, But Core Rate's Up A Tame 0.1% (Dow Jones)
- U.S. inflation remains stable on cheaper clothing (FXstreet.com)
- Summary Of U.S. Consumer Price Data From Labor Dept. (Dow Jones)
Wakeup Call on Forex Markets - US CPI figures in focus today by Saxo Bank
The Week Ahead - Retail Sales, CPI, Housing Starts and Industrial Production by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 17 | 12:30 | US | Building Permits (MoM) (Mar) | 1.544M | 1.515M | 1.532M |
| 12:30 | US | Consumer Price Index (MoM) (Mar) | 0.6% | 0.6% | 0.4% | |
| 12:30 | US | Consumer Price Index (YoY) (Mar) | 2.8% | 2.8% | 2.4% | |
| 12:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Mar) | 0.1% | 0.2% | 0.2% | |
| 12:30 | US | Consumer Price Index Ex Food & Energy (YoY) (Mar) | 2.5% | 2.6% | 2.7% | |
| 12:30 | US | Housing Starts (YoY) (Mar) | 1.518M | 1.500M | 1.525M | |
| 13:15 | US | Capacity Utilization (Mar) | 81.4% | 82.0% | 81.6% |
|
| 13:15 | US | Industrial Production (MoM) (Mar) | -0.2% | 0.2% | 1.0% | |
| 22:45 | NZ | Consumer Price Index (QoQ) (1Q) | 0.5% | 0.8% |
||
| Apr 18 | 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Feb) | 3.6% | 3.6% | |