Friday, Aug 17, 16:07 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- MG Financial Response to Francesc Riverola's "Open letter to FXstreet's clients affected by NFA capital requirement changes"
- Have a look at Postcards from the Right Edge! The new blog by Rob Booker
- FXstreet.com 1st International Traders Conference - Come and meet our renowned Speakers
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Live Sessions Schedule
Asia−Pacific trading Webinar
Expert: Abdul Khan
Start: Mon, Aug 20, 08:30 GMT
Sponsored by: 
Type of Session: Webinar
What moves currencies?
Expert: Tony Juste
Start: Mon, Aug 20, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 20, 08:30 GMT | Asia−Pacific trading Webinar  | Abdul Khan | WBN | |
| Mon, Aug 20, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
| Mon, Aug 20, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Aug 20, 13:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
| Mon, Aug 20, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: U.S.
EUR/JPY
Mid−Day Forex Technical Report − Yen Retreats Sharply after Fed Steps in with 50bps Discount Rate Cut by ActionForex.com
EUR/JPY's strong rebound from 149.27 and break of 153.94 resistance indicates a short term low is already in place there. At this point, further consolidation should be seen with risk of stronger recovery. But still, But upside should be limited below 159.97 support turned resistance.
- 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:
Forex Trading Strategies − Fed Cuts Discount Rate 50 bp to 5.75 pct by Saxo Bank
Daily Forex Forecast − Daily Forex Forecast by FXDream
Forex Technical Report − Forex Technical Report USD/CHF by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Continues to move up above second resistant level 1.3497
08/17/2007 15:22 GMT - GBP/USD
- Moves up toward second resistant level 1.9947
08/17/2007 15:22 GMT - USD/CHF
- Trades around second support level 1.2087 after bounced at 1.2030
08/17/2007 15:22 GMT - USD/JPY
- Moves up above pivot level 114.20
08/17/2007 15:22 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
USD JPY, Hourly
Top Market Movers Preview
US LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Aug 20 | 14:00 | Leading Indicators (MoM) | - | -0.3% |
Friday Notes - Rising risk aversion triggers growth fears by HVB Group
The Index of Leading Indicators should have rebounded strongly in July after the drop in June. Biggest positive contributions are expected to come from consumer confidence (hit a 6−year high in July), vendor delivery performance and lower initial jobless claims. Negative factors were weak housing permits and the slight reduction in yield spreads. As usual, data on new orders and M2 are not available in advance.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 17 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 83.3 | 88.2 | 90.4 |
Reuters/U. Michigan Consumer Sentiment Index tumbles in August (FXstreet.com)
The Reuters/University of Michigan Consumer sentiment Index has decreased to 83.3 in August from the 90.4 level posted in July, according to the survey.
[ Full Story ]- Reuters/Univ Michigan Mid−Aug Sentiment 83.3; Jul 90.4 (Dow Jones)
- US Michigan prelim August consumer sentiment index 83.3 vs 87.5 expected UPDATE (Thomson Financial News)
- US Michigan preliminary August consumer sentiment index 83.3 vs 87.5 expected (Thomson Financial News)
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 17 | 06:00 | Producer Price Index (MoM) | -0.1% | 0.3% | 0.2% |
| Aug 17 | 06:00 | Producer Price Index (YoY) | 1.1% | 1.4% | 1.7% |
German PPI, lower than expected in July (FXstreet.com)
Prices at producer level have risen lower than expected in July, due to a decrease in energy prices, according to the monthly report released by the German Statistics Office.
[ Full Story ]- Read the German PPI report at Destatis
- German July PPI down 0.1 pct from June, up 1.1 pct year−on year (Thomson Financial News)
- DATA SNAP: German July PPI −0.1% On Month, +1.1% On Year (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 17 | 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Aug)  | 83.3 | 88.2 | 90.4 |
| Aug 20 | 08:30 | UK | M4 Money Supply (MoM) | 0.7% | ||
| 08:30 | UK | Public Sector Net Borrowing | 7.4 | |||
| 09:00 | EMU | Trade Balance s.a. | €1.7B | |||
| 14:00 | US | Leading Indicators (MoM) (Jul) | -0.3% | |||
| Aug 21 | 09:00 | DE | ZEW Survey − Economic Sentiment | 10.4 | ||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) | 0% | |||