Tuesday, Jun 12, 16:56 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: The opportunities are in the crosses
- Forex Trader of the Year 2007 Contest Offering $500,000 prizes
- The Signals Tracker: track down the performance of a particular signal provider
- Check out all our Delivery Options
- ECB Meeting Review by FXstreet.com
Send us your feed back. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
What moves currencies? - EUR watch
Expert: Tony Juste
Start: Wed, Jun 13, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Limitations of Forex Trading platforms and how to win such constrain
Expert: Dr.S.Sivaraman
Start: Wed, Jun 13, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Why platforms differ from bank deal room trading?
- Constrains of trading platforms
- How we can handle trades unhurt
| Sponsored By: | ||||
| Tue, Jun 12, 21:00 GMT | FX Daily Wrap Up  | Derek Frey | WBN |  |
| Wed, Jun 13, 10:00 GMT | What moves currencies? - EUR watch | Tony Juste | WBN | |
| Wed, Jun 13, 16:00 GMT | Limitations of Forex Trading platforms and how to win such constrain | Dr.S.Sivaraman | WBN | |
| Wed, Jun 13, 21:00 GMT | FX Daily Wrap Up | Derek Frey | WBN | |
| Thu, Jun 14, 10:00 GMT | What moves currencies? - JPY crosses watch - Free-Access Day | Tony Juste | WBN | |
Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - Dollar Extends Rally against Euro, Sterling Shrugs Off Tamer CPI by ActionForex.com
EUR/USD dips to marginally below 1.3320 low in early US session, suggesting that the fall from 1.3553 has resumed. At this point, as long as 1.3370 resistance holds further decline is expected to be seen towards next downside target of 61.8% retracement of 1.2865 to 1.3681 at 1.3177 first However, above 1.3370 will indicate that lengthier consolidation would be seen before another fall.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Price Flash: EUR/USD close to extreme oversold territory @ 1.3310 by Tony Juste
- The Signals Tracker: track down the performance of a particular signals provider
- 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
Other Topics for this Session:
Daily Forex Forecast - Daily Forex Forecast by FXDream
Forex Trading Strategies - UK Inflation As Expected by Saxo Bank
Currency Open positions - Currency Open positions by Odom & Frey Futures & Options
Currencies at a Glance
- EUR/USD
- Trades around second support level 1.3314
06/12/2007 16:38 GMT - GBP/USD
- Moves up above second resistant level 1.9733
06/12/2007 16:38 GMT - USD/CHF
- Moves up toward second resistant level 1.2430
06/12/2007 16:38 GMT - USD/JPY
- Trades around pivot level 121.69 on narrow daily range
06/12/2007 16:38 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US FED'S BEIGE BOOK
| Date (GMT) | Event | Cons. | Previous | |
| Jun 13 | 18:00 | Fed's Beige Book | - | - |
Friday Notes - Italy: Draghi's wake up call by HVB Group
The summary of observations about the business situation compiled by regional Fed banks will stress the rebound in growth in Q2, after the low Q1 GDP reading. We expect more comments about tightness in the labor market. What will be interesting are any comments on whether higher energy costs are being passed through more quickly than last year.
[ Full Story ]Top Market Movers Review
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 12 | 09:00 | Industrial Production w.d.a. (YoY) | 2.8% | 4.3% | 4.0% |
| Jun 12 | 09:00 | Industrial Production s.a. (MoM) | -0.8% | 0.2% | 0.5% |
UPDATE: Euro-Zone Apr Factory Output -0.8% MM, +2.8% YY (Dow Jones)
Euro-zone industrial production declined in April, led by output slumps in Germany and Ireland. According to figures released Tuesday by the European Union statistics agency Eurostat, industrial production fell 0.8% from March, and was up 2.8% from April 2006.
[ Full Story ]- Read the report: Industrial production down by 0.8% in euro area at Eurostat
- Euro zone April industrial output down 0.8 pct from March, up 2.8 pct yr-on-yr (AFX News)
- Euro Zone’s Industrial Production decreases unexpectedly in April (FXstreet.com)
- DATA SNAP: Euro-Zone Apr Factory Output -0.8% MM, +2.8% YY (Dow Jones)
Friday Notes - Italy: Draghi's wake up call by HVB Group
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 12 | 08:30 | Consumer Price Index (MoM) | 0.3% | 2.6% | 0.3% |
European Market Update - UK CPI Declines; Core CPI Unexpectedly Rises by Trade The News
Over in the UK May consumer prices remained unchanged at 0.3% m/m, and declined my more than expected to 2.5% y/y, while core CPI unexpectedly rose to 1.9%. The retail price index declined to 0.4% m/m, and 4.3% y/y as expected.
[ Full Story ]- Read the report: CPI down to 2.5%, RPI at 4.3% at National Statistics
- Forex - Pound eases after UK CPI falls as expected UPDATE (AFX News)
- DATAWATCH UK inflation dips as expected but rate hike still looming UPDATE (AFX News)
- DATAWATCH UK inflation dips as expected but rate hike still looming (AFX News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 12 | 08:30 | UK | Consumer Price Index (MoM) (May) | 0.3% | 2.6% | 0.3% |
| 08:30 | UK | Retail Price Index (MoM) (May) | 0.4% | 0.4% | 0.5% | |
| 08:30 | UK | Retail Price Index (YoY) (May) | 4.3% | 4.3% | 4.5% | |
| 08:30 | UK | Total Trade Balance (Apr) | -3.600 | -4.375B | -4.529B | |
| 08:30 | UK | Visible Trade Balance (Apr) | -6.3B | -7.0B | -7.2B |
|
| 09:00 | EMU | Industrial Production s.a. (MoM) (Apr) | -0.8% | 0.2% | 0.5% |
|
| 09:00 | EMU | Industrial Production w.d.a. (YoY) (Apr) | 2.8% | 4.3% | 4.0% |
|
| 16:30 | US | Former Fed Chairman Greenspan Speaks at Mortgage Conference NY | ||||
| Jun 13 | 00:30 | AU | Westpac Consumer Confidence (Jun) | 7.5% | ||
| 04:30 | JP | Industrial Production (MoM) (Apr) | -0.1% | -0.1% | ||