Friday, Nov 09, 17:15 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the Close. Market is getting very nervous
- Get FXstreet's Economic Calendar for your own site
- NFA New Regulation − US FDM's under major threat?
- For beginners: An Introduction to Foreign Currencies in the Education section
- Missed the ITC? Check out the image coverage we made!
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Live Sessions Schedule
Asia−Pacific trading Webinar
Expert: Abdul Khan
Start: Mon, Nov 12, 10:00 GMT
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Mihai Marinescu
Start: Tue, Nov 13, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Nov 12, 10:00 GMT | Asia−Pacific trading Webinar  | Abdul Khan | WBN |  |
| Mon, Nov 12, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN |  |
| Mon, Nov 12, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Nov 12, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Mon, Nov 12, 14:00 GMT | FX Instructor Live Trading Room | Nader Moustafa | WBN | |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Yen Surges on Risk Aversion and Yuan, Dollar Benefited by ActionForex.com
USD/JPY power through 111.59 low today, confirming that short term down trend from 124.13 has resumed. At this point, further decline is expected to follow as long as 112.22 support turned resistance holds. Next downside target will be cluster support zone of 61.8% retracement of 101.65 to 124.13 at 110.23 and 61.8% projection of 124.13 to 111.59 from 117.94 at 110.19.
- 'Carry cows' eager to long again 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:
Weekly Market Commentary − The value of the US dollar continues to shrink dramatically by Mizuho Corporate Bank
Daily Forex Forecast − Daily Forex Forecast by FXDream
Currency Majors Technical Analysis by Finotec Group Inc.
Currencies at a Glance
- EUR/USD
- Continues to move down below pivot level 1.4663
11/09/2007 16:32 GMT - GBP/USD
- Continues to move down below second support level 2.0911
11/09/2007 16:33 GMT - USD/CHF
- Trades below first support level 1.1239
11/09/2007 16:33 GMT - USD/JPY
- Continues to move down below third support level 110.64
11/09/2007 16:33 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
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Cons. | Previous | |
| Nov 12 | 09:30 | Producer Price Index − Input (MoM) | - | 3.2% |
| Nov 12 | 09:30 | Producer Price Index − Input (YoY) | - | 6.4% |
| Nov 12 | 09:30 | Producer Price Index − Output (YoY) | - | 2.7% |
| Nov 12 | 09:30 | Producer Price Index − Output (MoM) | - | 0.1% |
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "Once more, inflation data should tell us whether the BoE is right or wrong with their 'determination' to fight rising prices, or sot hey say. The outcome of the PPI will be important to determine whether that is an accurate vision or not." − FXstreet.com
Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 9 | 15:00 | Reuters/Michigan Consumer Sentiment Index | 75.0 | 80.0 | 80.9 |
Reuters/Univ Michigan Mid−Nov Sentiment 75.0; Oct 80.9 (Dow Jones)
Consumer sentiment levels tumbled in the middle of November. The Reuters/University of Michigan preliminary November consumer sentiment index Friday fell to 75.0 from 80.9 in October's final estimate, making for its weakest performance since October 2005.
[ Full Story ]- Reuters/University of Michigan Surveys of Consumers homepage
- US early Nov Reuters/Michigan consumer sentiment falls to 75.0 vs 80.0 expected (Thomson Financial News)
- Reuters/U. Michigan Consumer sentiment index down to 75.0 in Nov; 80.9 in Oct (FXstreet.com)
- Ahead of the Bell: Consumer Sentiment (Thomson Financial News)
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 9 | 13:30 | Trade Balance | -$56.45B | -$58.50 | -$56.80B |
DATA SNAP:Strong Exports Narrow September US Trade Gap (Dow Jones)
The U.S. trade gap unexpectedly narrowed in September, despite record prices for imported crude, as heavy foreign demand for American−made food products and industrial supplies helped export growth outpace imports.
[ Full Story ]- Read the U.S. International Trade in Goods and Services at Commerce Department
- ECONOMIC REPORT: U.S. Trade Gap Shrinks To Two−Year Low (Dow Jones)
- US Sept trade deficit narrows to 56.5 bln usd, lowest in more than 2 years (Thomson Financial News)
- US Trade Gap narrows in September on rising exports (FXstreet.com)
US economic indicators - ISM non−manufacturing index could have declined again markedly in October by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 9 | 13:30 | US | Import Price Index (YoY) (Oct) | 9.6% | 5.2% | |
| 15:00 | US | Reuters/Michigan Consumer Sentiment Index (Nov)  | 75.0 | 80.0 | 80.9 | |
| Nov 12 | 05:00 | JP | Consumer Confidence Households | 44.1 | ||
| 09:30 | UK | Producer Price Index − Input (MoM) | 3.2% | |||
| 09:30 | UK | Producer Price Index − Input (YoY) | 6.4% | |||
| 09:30 | UK | Producer Price Index − Output (MoM) | 0.1% | |||
| 09:30 | UK | Producer Price Index − Output (YoY) | 2.7% | |||