Tuesday, Dec 04, 16:56 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the Close. Something got me started
- NEW Webinar Video: How to Get Started Trading Forex by Steve Primo
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Live Sessions Schedule
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Wed, Dec 5, 10:00 GMT
Type of Session: Webinar
What Moves Currencies? − Major Movers of the Day
Expert: Tony Juste
Start: Wed, Dec 5, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Dec 4, 17:00 GMT | Day Trading Series − Chapter I : Day Trading Basics (Part 1) | Markus Heitkoetter | WBN |  |
| Tue, Dec 4, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Dec 5, 10:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN |  |
| Wed, Dec 5, 11:00 GMT | What Moves Currencies? − Major Movers of the Day | Tony Juste | WBN | |
| Wed, Dec 5, 12:00 GMT | FX Instructor Live Trading Room | Mihai Marinescu | WBN |  |
Current Session: U.S.
EUR/USD
Daily Technical Strategist − Holds Below Its Daily Rising Channel by FXTechstrategy
EURUSD− Although the pair's medium and longer term trends remain to the upside, its break below its rising daily channel the past week suggests a continuation of that decline could be seen heading towards its Mar'1995 high/Nov 12'07 high at 1.4535/20 zone .It is currently digesting the said decline and the fact that its daily studies are pointing lower remains supportive of the above view.
- Extreme OB/OS levels at this hour 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 Technical Strategist − EURUSD: Extends Weakness Below Its Channel Base, Keeps Focus On The 1.4535/20 by FXTechstrategy
Mid−Day Forex Technical Report − Canadian Dollar Tumbles after BoC Rate Cut by ActionForex.com
Daily Forex Forecast − EUR/USD has broken above 1.4710 first Resistance by FXDream
Currencies at a Glance
- EUR/USD
- Continues to move up above second resistant level 1.4753
12/04/2007 16:26 GMT - GBP/USD
- Moves down back below pivot level 2.0620
12/04/2007 16:26 GMT - USD/CHF
- Trades below third support level 1.1185
12/04/2007 16:26 GMT - USD/JPY
- Trades around second support level 109.63
12/04/2007 16:26 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, Aspen Trading Group, 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
US ABC CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Dec 4 | 22:00 | ABC Consumer Confidence | - | -21 |
US economic indicators - Both ISM indices are likely to have weakened in November by BHF−Bank
In addition, the weekly ABC consumer comfort poll has continued to decline, falling to a two−year low of –21 recently. Thus, although the final October level was revised upwards slightly, we expect UMI's preliminary December consumer sentiment to have fallen slightly to about 75.0.
[ Full Story ]Top Market Movers Review
Canada BOC INTEREST RATE ANNOUNCEMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 4 | 14:00 | BoC Interest Rate Announcement | 4.25% | 4.50% | 4.50% |
The Bank of Canada lowers its overnight rate target by 0.25 points to 4.25% (FXstreet.com)
The Bank of Canada has announced today its decision to cut its overnight rate target by 25 basis points to 4.25%, according to the Bank's rate statement.
[ Full Story ]- Read the report: Bank of Canada lowers overnight rate target by 1/4 percentage point to 4 1/4 per cent at BoC
- Canada Morning: C$ Dn Sharply, But Stabilizing After BOC Cut (Dow Jones)
- Forex − Canadian dollar slumps following interest rate cut UPDATE (Thomson Financial News)
- UPDATE: Cda Dollar Tumbles After BOC Cuts Rate: USD At C$1.0100 (Dow Jones)
Daily Market Briefing - Bank of Canada: Will They Cut Interest Rates? by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 4 | 14:00 | CA | BoC Interest Rate Announcement | 4.25% | 4.50% | 4.50% |
| 22:00 | US | ABC Consumer Confidence (Dec 2) | -21 | |||
| 22:30 | AU | RBA Interest Rate Decision | 6.75% | 6.75% | ||
| Dec 5 | 00:01 | UK | Nationwide Consumer Confidence (Nov) | 94 | 98 | |
| 00:30 | AU | Gross Domestic Product (QoQ) (3Q) | 1.0% | 0.9% | ||
| 00:30 | AU | Gross Domestic Product (YoY) (3Q) | 4.8% | 4.3% | ||
| 02:00 | NZ | ANZ Commodity Price (Nov) | 1.8% | |||