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ASIA-PACIFIC Trading Newsletter
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- Have a look at Postcards from the Right Edge! The new blog by Rob Booker
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Live Sessions Schedule
Asia−Pacific trading Webinar
Expert: Abdul Khan
Start: Fri, Aug 17, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
Specific technical indicators and tools for tracking accurancy in FX trading
Expert: Don Wilcox
Start: Fri, Aug 17, 15:00 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 16, 16:00 GMT | Trading with Tim Billups − Free Access Day | Tim Billups | WBN | |
| Thu, Aug 16, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Fri, Aug 17, 11:00 GMT | The Contest Webinar | Raghee Horner | WBN | |
| Fri, Aug 17, 12:00 GMT | Asia−Pacific trading Webinar | Abdul Khan | WBN | |
| Fri, Aug 17, 15:00 GMT | Specific technical indicators and tools for tracking accurancy in FX trading | Don Wilcox | WBN | |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Free Fall in Yen Crosses Continues by ActionForex.com
USD/JPY dives further to as low as 113.58 today, taking out mentioned support zone of 114.41 and 115.13 (61.8% retracement of 108.99 to 124.13 at 114.77). At this point, further decline is still expected as long as 115.70 resistance holds. Touching of 115.70 will indicate a short term low is possibly formed and bring consolidation.
- Raghee Horner explains how to set up the Wave on your charts
- The Signals Tracker: performance of signals providers
- Check out how pairs moved: Live Currency Rates & Charts
- 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 by FXDream
Forex Trading Strategies − Massive Unwinding of Carry Trades by Saxo Bank
Daily Trading Strategy − Insanity by MVDForex
Currencies at a Glance
- EUR/USD
- Trades around first support level 1.3407
08/16/2007 15:29 GMT - GBP/USD
- Trades below first support level 1.9836
08/16/2007 15:29 GMT - USD/CHF
- Stays above pivot level 1.2158
08/16/2007 15:30 GMT - USD/JPY
- Trades below 114.65 , below third support level 115.17
08/16/2007 15:31 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
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 17 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 88.2 | 90.4 |
Friday Notes - Fear of a credit crunch intensifies by HVB Group
It will surprise no one if the first round of polling for the U of Michigan survey exposes a big drop in consumer sentiment. That is already the message of the daily Rasmussen consumer index, a relatively new but useful barometer of confidence. The reason is obvious: the turbulent stock market. Steadier gasoline prices probably kept the U of Michigan index from plunging all the way to June's depressed level, however.
[ Full Story ]Top Market Movers Review
US HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 16 | 12:30 | Building Permits (MoM) | 1.373 | 1.410M | 1.413M |
| Aug 16 | 12:30 | Housing Starts (YoY) | 1.381M | 1.400M | 1.467M |
U.S. housing starts continue decreasing in June (FXstreet.com)
Construction activity has decreased in July to its lowest level in 10 years as sales of new houses continue decreasing, according to the latest report released by the Commerce Department.
[ Full Story ]- Read the NEW RESIDENTIAL CONSTRUCTION IN JULY 2007 at U.S. Census Bureau
- US Housing Starts/Building Permits−STATS−Historical (Dow Jones)
- US ECONOMIC INDICATORS: Housing Data, Latest 6 Months (Dow Jones)
- US July housing starts down 6.1 pct to 1.381 mln, permits at 1.373 mln (Thomson Financial News)
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 16 | 09:00 | Consumer Price Index (YoY) | 1.8% | 1.8% | 1.9% |
| Aug 16 | 09:00 | Consumer Price Index (MoM) | -0.2% | -0.2% | 0.1% |
Euro Zone July CPI +1.8% On Year (Dow Jones)
Euro zone consumer price inflation fell 0.2% on the month and rose 1.8% on the year in July. This was in line with the figure forecast in a Dow Jones Newswire survey of economists and unrevised from an estimate announced July 31.
[ Full Story ]- Read the Inflation report at Eurostat
- Euro−Zone July CPI Table Of Data (Dow Jones)
- DATA SNAP: Euro−Zone July Inflation Slows To 1.8% On Year −2 (Dow Jones)
- EU Jul Consumer Price Index decreases 0.2% on the month; 1.8% up on the year (FXstreet.com)
UK RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 16 | 08:30 | Retail Sales (MoM) | 0.7% | 0.1% | 0.4% |
| Aug 16 | 08:30 | Retail Sales (YoY) | 4.4% | 3.4% | 3.7% |
UK retail sales boost in July (FXstreet.com)
Retail sales have soared in the United Kingdom in July with a 0.7% increase, instead of the 0.1% increase expected by the analysts, according to the latest report by National Statistics.
[ Full Story ]- Read the Retail Sales report at National Statistics
- UK July retail sales jump by 0.7 pct from June, helped by heavy discounting (Thomson Financial News)
- DATA SNAP: UK July Retail Sales Surge On Discounting −2− (Dow Jones)
- DATA SNAP: UK July Retail Sales Surge On Discounting (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 16 | 14:55 | ZA | Interest Rate Decision | 10.0% | 9.5% | |
| 16:00 | US | Philadelphia Fed Manufacturing Survey (Aug) | 8.5 | 9.2 | ||
| Aug 17 | 05:00 | JP | Leading Economic Index (Jun) | 40.9 | ||
| 06:00 | DE | Producer Price Index (MoM) (Jul) | 0.3% | 0.2% | ||
| 06:00 | DE | Producer Price Index (YoY) (Jul) | 1.4% | 1.7% | ||
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Aug)  | 88.2 | 90.4 | ||
| Aug 20 | 08:30 | UK | M4 Money Supply (MoM) | 0.7% | ||