Thursday, Dec 06, 16:44 GMT
ASIA-PACIFIC Trading Newsletter
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- The Advisor Weblog: At the Close. Call me... naive?
- NEW Webinar Video: Building a Trading System in the Forex by John Jagerson
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Dec 6, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 19th Edition
Expert: Wayne McDonell
Start: Fri, Dec 7, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Dec 6, 17:00 GMT | Trading with Tom Flora  | Tom Flora | WBN |  |
| Thu, Dec 6, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Dec 7, 13:00 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 19th Edition | Wayne McDonell | WBN | |
| Mon, Dec 10, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN |  |
| Mon, Dec 10, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − BoE Cut Rates, ECB on Hold by ActionForex.com
GBP−USD had a sharp fall yesterday as there has been a sharp increase in probability of a BOE rate cut later today. If that cut is actually seen (of 25 basis points), then a small bounce could be seen. However, a 50 basis points cut is likely to lead to fresh fall in GBP. On the other hand, a no cut would be longer−term bearish implication for GBP, as the economy could be greatly vulnerable then.
- Technical Trigger: GBP/USD 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:
Forex Technical Report − Forex Technical Report USD/JPY by iFOREX.bg
Currency Performance Report − Europe Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Continues to trade around opening price level 1.4613 , below pivot level 1.4658
12/06/2007 16:12 GMT - GBP/USD
- Continues to trade around opening price level 2.0263 , below pivot level 2.0375
12/06/2007 16:13 GMT - USD/CHF
- Back around opening price level 1.1275 , above pivot level 1.1238
12/06/2007 16:13 GMT - USD/JPY
- Moves up above first resistant level 111.34
12/06/2007 16:13 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
EUR USD, Hourly
Top Market Movers Preview
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Dec 7 | 11:00 | Industrial Production s.a. (MoM) | -0.5% | 0.3% |
| Dec 7 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | 5.9% | 6.0% |
EMU economic indicators - German industrial new orders and output in the producing sector probably deteriorated in October by BHF−Bank
German industrial new orders and output in the German producing sector probably suffered setbacks in October, as most of the correlated indicators in the Ifo business climate index and the RBS PMI manufacturing index for Germany deteriorated.
[ Full Story ]Top Market Movers Review
EMU ECB'S TRICHET SPEAKS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 6 | 13:30 | ECB's Trichet Speaks | - | - | - |
| Dec 6 | 12:45 | ECB Interest Rate Decision | 4% | 4% | 4% |
Trichet says ECB ready to act to counter euro zone inflation risks UPDATE (Thomson Financial News)
European Central Bank president Jean−Claude Trichet said the ECB is ready to act to counter mounting euro zone inflation risks. In his introductory statement to the ECB's monthly news conference, Trichet pointed to the existence of strong short−term upward pressure on inflation.
[ Full Story ]- Read full Trichet's statement at ECB
- Forex − Euro gains on hawkish Trichet, pound recovers after BoE cut (Thomson Financial News)
- Forex − Euro gains vs dollar after Trichet comments (Thomson Financial News)
- UPDATE: ECB Trichet: Some Council Members Favored Hike (Dow Jones)
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 6 | 12:00 | BoE Interest Rate Decision | 5.50% | 5.75% | 5.75% |
Daily Fx Strategy - The Bank of England cuts interest rates by 25 bps to 5.50% by CMC Markets
The Bank of England cuts interest rates by 25 bps to 5.50%, in line with our forecasts. By choosing to act despite CPI standing at 2.1%, the central bank has emphasized deteriorating market conditions and the resulting credit tightening as well as slowing business and household spending.
[ Full Story ]- Read full report: Bank of England Reduces Bank Rate by 0.25 Percentage Points to 5.5% at BoE
- Dollar Up Vs Euro After BOE Cuts Rates (Dow Jones)
- UK short sterling futures drop on profit−taking after BoE rate cut (Thomson Financial News)
- BOE: Bids For Special 5−Week Repo Total GBP62.2 Billion (Dow Jones)
- Ian McCafferty, chief economic advisor at CBI: "Hopefully, the decision will help stabilise the money markets and minimise any future impact on other sectors." − Thomson Financial News
Mid−Day Forex Technical Report − BoE Cut Rates, ECB on Hold by ActionForex.com
Forex Commentaries and Forecasts - BoE cut the benchmark interest rates with 25 bps to 5.5%. by World−Signals®
Central Banks: ECB and BoE - Preview of Dec 6 meeting by FXstreet.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 6 | 15:00 | CA | Ivey Purchasing Managers Index (Nov) | 58.7 | 55.0 | 57.1 |
| 16:00 | ZA | Interest Rate Decision | 11.0% | 10.5% | ||
| 23:50 | JP | Gross Domestic Product (QoQ) (3Q) | -0.3% | |||
| 23:50 | JP | Gross Domestic Product Annualized (3Q) | -1.2% | |||
| 23:50 | JP | Gross Domestic Product Deflator (YoY) (3Q) | -0.3% | |||
| Dec 7 | 00:01 | UK | NIESR GDP Estimate (QoQ) (Nov) | 0.7% | ||
| 05:30 | AU | Foreign Reserves (Nov) | 36B | |||