Thursday, Oct 11, 15:51 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
Live Look at Today's Markets − Free−Access Day
Expert: Derek Frey
Start: Thu, Oct 11, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Weekly Wrap−Up
Expert: Tony Juste
Start: Fri, Oct 12, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 11, 16:00 GMT | Trading with Tom Flora − Free Access Day | Tom Flora | WBN |  |
| Thu, Oct 11, 17:00 GMT | Live Look at Today's Markets − Free−Access Day | Derek Frey | WBN | |
| Fri, Oct 12, 09:00 GMT | How to Intraday Trade Volatile Markets Using the ADX  | Matt Kirk | WBN | |
| Fri, Oct 12, 10:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN | |
| Fri, Oct 12, 11:00 GMT | Common FX−Hedging Techniques | Adam Rosen | WBN | |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Dollar Extends Rally against Yen after Positive Data by ActionForex.com
USD/JPY remains strong and extends rally to as high as 117.76 in early US session. Further upside is still expected as long as 117.03 support holds. As discussed before, current rise is treated as resumption of corrective rebound from 111.59 and is expected to extend to 100% projection of 111.59 to 117.11 from 112.58 at 118.10 before completion.
- Know what's going on in the markets at Tony Juste's blog
- Long−term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- New Webinars Video − Access now Educational Sessions Recordings
- 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 − Daily Forex Forecast by FXDream
FX Thoughts for the Day − FX Thoughts for the day − Evening − 11−Oct−2007....1249 GMT by Kshitij Consultancy Service
KBC Alert − EURPLN= (3.7370) New year LOW, testing key Support area by KBC Bank
Currencies at a Glance
- EUR/USD
- Trades above second resistant level 1.4214 . Fast and slow MA are still rising
10/11/2007 15:46 GMT - GBP/USD
- Back above first support level 2.0369 after bounced at 2.0321
10/11/2007 15:43 GMT - USD/CHF
- Moves down back toward second support level 1.1760
10/11/2007 15:43 GMT - USD/JPY
- Back around first resistant level 117.53
10/11/2007 15:43 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
GBP USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Oct 12 | 09:00 | Industrial Production s.a. (MoM) | 0.3% | 0.6% |
| Oct 12 | 09:00 | Industrial Production w.d.a. (YoY) | 2.1% | 3.7% |
EMU economic indicators - German industrial new orders probably rebounded in August by BHF−Bank
EMU industrial production probably remained more or less stable in August, given our forecasts for the corresponding figures from major eurozone countries.
[ Full Story ]Top Market Movers Review
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 11 | 12:30 | Trade Balance | -$57.59B | -$58.70B | -$59.00B |
DATA SNAP:US August Trade Gap Shrinks More than Expected (Dow Jones)
The U.S. trade gap narrowed more than expected in August, despite record prices for imported crude, amid strong exports and weaker U.S. demand for foreign−made goods.
[ Full Story ]- Read the U.S. International Trade in Goods and Services at Commerce Department
- US Trade deficit narrows to $−57.59B in Aug from $−59.25B inn Jul (FXstreet.com)
- Table of U.S. Trade Data −4: Petroleum, Products Imports (Dow Jones)
- Table of U.S. Goods, Services Trade Balance Data (Dow Jones)
US economic indicators - Trade balance could have narrowed slightly again in August by BHF−Bank
US IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 11 | 12:30 | Import Price Index (YoY) | 5.2% | - | 1.9% |
| Oct 11 | 12:30 | Import Price Index (MoM) | 1.0% | 1.0% | -0.3% |
US Import Prices Rise On Oil, But Stay Under Wraps Ex−Energy (Dow Jones)
U.S. import prices increased sharply last month on higher oil and food prices but were broadly contained in other sectors, suggesting the weak dollar hasn't put too much pressure on the prices of overseas products.
[ Full Story ]- Read the U.S. Import and Export Price Indexes report at BLS
- U.S. Import Price Index rose by 1.0% in September (FXstreet.com)
- US Sept import prices rise 1.0 pct vs 0.8 pct expected, ex−petro down 0.2 pct (Thomson Financial News)
- US Sept import prices rise 1.0 pct vs 0.8 pct expected, ex−petro down 0.2 pct (Thomson Financial News)
US economic indicators - Trade balance could have narrowed slightly again in August by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 11 | 12:30 | CA | International Merchandise Trade (Sep) | $4.07B | $3.90 | $3.41 |
| 12:30 | CA | New Housing Price Index (YoY) (Aug) | 6.5% | 7.7% | ||
| 21:45 | NZ | Retail Sales (MoM) (Aug) | 0% | |||
| 21:45 | NZ | Retail Sales ex Autos (MoM) (Aug) | -0.2% | |||
| 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (Sep) | 0.1% | 0% | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (YoY) (Sep) | 1.9% | 1.9% | ||
| Oct 12 | 05:00 | JP | Consumer Confidence (Sep) | 44.1 | ||