Friday, Sep 14, 15:57 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Sep 17, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Sep 17, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Sep 14, 16:00 GMT | Trading with Tim Billups  | Tim Billups | WBN | |
| Mon, Sep 17, 10:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Sep 17, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Sep 17, 13:00 GMT | FX Instructor Live Trading Room | Nader Moustafa | WBN |  |
| Mon, Sep 17, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − Dollar Steady after Retail Sales Report by ActionForex.com
Cable's fall from 2.0365 continues today. With bearish divergence condition in 4 hours MACD and RSI, a short term top is likely in place at 2.0365. Short term outlook is turned neutral. Intraday bias will stay on the downside for 1.9959 support. support. However, as long as this support holds, rise from 1.9652 could still be in progress.
- Technical Trigger: GBP/USD by Tony Juste
- TRENDEX: Real−time market comments and trading tips. Get your Trial Account now!
- 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 Trading Strategy − CAD is way overextended by MVDForex
FX Thoughts for the Day − FX Thoughts for the day − Evening − 14−Sep−2007....1149 GMT by Kshitij Consultancy Service
Daily Forex Forecast by FXDream
Currencies at a Glance
- EUR/USD
- Moves down below first support level 1.3856
09/14/2007 15:07 GMT - GBP/USD
- Trades above third support level 2.0097
09/14/2007 15:07 GMT - USD/CHF
- Moves up toward second resistant level 1.1938
09/14/2007 15:07 GMT - USD/JPY
- Back above pivot level 114.89 after bounced at 114.35
09/14/2007 15:07 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Sep 18 | 08:30 | Core Consumer Price Index (YoY) | - | 1.7% |
| Sep 18 | 08:30 | Consumer Price Index (YoY) | - | 1.9% |
| Sep 18 | 08:30 | Consumer Price Index (MoM) | - | -0.6% |
Friday Notes - The US growth motor is not stalling by HVB Group
After the marked slowdown seen in July, we expect the CPI to rise 0.4% m−o−m, keeping inflation stable at 1.9% in August. Core inflation is also likely to remain tame, unchanged at 1.7%.
[ Full Story ]Top Market Movers Review
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 14 | 13:15 | Industrial Production (MoM) | 0.2% | 0.3% | 0.5% |
| Sep 14 | 13:15 | Capacity Utilization | 82.2% | 82.0% | 82.2% |
DATA SNAP: US Aug Indus Production +0.2%; Consensus +0.3% (Dow Jones)
U.S. industrial production rose a bit less than expected in August as a decline in manufacturing limited the impact of a jump in utilities output. Industrial production increased 0.2% last month, following an upwardly revised 0.5% gain in July.
[ Full Story ]- Read Industrial production and Capacity Utilitzacion at Federal Reserve
- US August industrial output up 0.2 pct, capacity utilization 82.2 pct (Thomson Financial News)
- U.S. industrial production rises less than expected in August (FXstreet.com)
- Table Of Data On US Capacity Utilization (Dow Jones)
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 14 | 12:30 | Retail Sales (MoM) | 0.3% | 0.6% | 0.5% |
| Sep 14 | 12:30 | Retail Sales ex Autos (MoM) | -0.4% | 0.2% | 0.7% |
DATA SNAP: US Aug Retail Sales Up Less Than Expected (Dow Jones)
U.S. retail sales climbed in August, but the mild increase was smaller than expected and driven by auto demand, a troubling sign for consumer spending as the economy weathers adverse credit conditions.
[ Full Story ]- Read the Advanced Retail Sales at Commerce Department
- Forex − Dollar falls after weaker−than−expected US retail sales data UPDATE (Thomson Financial News)
- US August retail sales up 0.3 pct, showing signs of consumer pullback UPDATE (Thomson Financial News)
- CORRECT: US Aug Retail Sales Increase Was Lower Than Forecast (Dow Jones)
Wakeup Call on Forex Markets - Retail Sales bound to disappoint today by Saxo Bank
Trading News Report - How To Trade The US Retail Sales Report by FXCM
Daily Forex Technical Report − Dollar Recovers Mildly ahead of Retail Sales, Sterling Pressured by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 14 | 14:00 | US | Business Inventories (Aug) | 0.5% | 0.3% | 0.4% |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Sep) | 83.8 | 83.9 | 83.4 |
|
| Sep 17 | 09:00 | EMU | Trade Balance s.a. (Jul) | €5.2B | ||
| 12:30 | US | NY Empire State Manufacturing Index (Sep) | 25.6 | |||
| 23:50 | JP | Tertiary Industry Index (MoM) (Jul) | 0.1% | |||
| Sep 18 | 03:00 | JP | BoJ Interest Rate Decision | 0.5% | ||
| 08:30 | UK | Consumer Price Index (MoM) (Aug) | -0.6% | |||