Friday, Dec 07, 16:43 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the Close. Not as before
- NEW Webinar Video: Building a Trading System in the Forex by John Jagerson
- ECB and BoE − Review of Dec 6 meeting: BoE cuts 25bp, ECB unchanged by FXstreet.com
- LIVE Free−Access Day on Wednesday 12th − Check our schedule!
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Dec 10, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Dec 10, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Dec 10, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Dec 10, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Dec 10, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Dec 10, 14:00 GMT | FX Instructor Live Trading Room | Nader Moustafa | WBN |  |
| Mon, Dec 10, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − No Surprise from NFP, CAD Boosted by Job Growth by ActionForex.com
EUR/USD's recovery from 1.4524 extends further in early US session. A short term low is probably in place at 1.4524 after fall from 1.4966 was supported above mentioned 1.4490/4519 cluster support (50% retracement of 1.4014 to 1.4966 at 1.4490). Intraday outlook remain neutral for the moment as from a short term angle, EUR/USD is at a juncture.
- It does not smell good... 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:
Currency Majors Technical Analysis − 1,4652. EUR USD is in an downtrend by Mataf.net
Daily Forex Forecast − Daily Forex Forecast by FXDream
Forex Technical Report − Forex Technical Report USD/JPY by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Trades above opening price level 1.4635 , above pivot level 1.4604
12/07/2007 16:27 GMT - GBP/USD
- Back around opening price level 2.0278 , above pivot level 2.0257
12/07/2007 16:28 GMT - USD/CHF
- Continues to trade around pivot level 1.1304
12/07/2007 16:28 GMT - USD/JPY
- Continues to trade around first resistant level 111.65
12/07/2007 16:28 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
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Cons. | Previous | |
| Dec 10 | 09:30 | Producer Price Index − Input (YoY) n.s.a | - | 8.6% |
| Dec 10 | 09:30 | Producer Price Index − Output (MoM) n.s.a | - | 0.6% |
| Dec 10 | 09:30 | Producer Price Index − Output (YoY) n.s.a | - | 3.8% |
| Dec 10 | 09:30 | Producer Price Index − Input (MoM) s.a | - | 1.8% |
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "With slowing growth concerns over UK, now the question in the region remains whether inflation will continue at high levels (thus adding pressure to the BoE) or not. The PPI data will shed some light to this question." − FXstreet.com
Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 7 | 15:00 | Reuters/Michigan Consumer Sentiment Index | 74.5 | - | 76.1 |
Reuters/Univ Michigan Mid−Dec Sentiment 74.5; Nov 76.1 (Dow Jones)
Consumer sentiment slipped in the middle of December to its lowest level since the fall of 2005, a report Friday said.
[ Full Story ]- Reuters/University of Michigan Surveys of Consumers homepage
- CORRECT: Reuters/Univ Michigan Current Index Up, Not Down (Dow Jones)
- US Reuters Univ. Michigan Consumer Sentiment Index falls lower in December (FXstreet.com)
- US: Reuters/Michigan Consumer Sentiment Index falls to 74.5 in Dec vs 76.1 in Nov (FXstreet.com)
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 7 | 13:30 | Nonfarm Payrolls | 94K | 70K | 170K |
| Dec 7 | 13:30 | Unemployment Rate | 4.7% | 4.8% | 4.7% |
DATA SNAP: Modest US Job Gain Keeps Fed On Track To Cut Rates (Dow Jones)
The slumping U.S. housing market took a toll on hiring last month, a government report showed, though increases in services employment appeared to limit the risk of a severe economic downturn.
[ Full Story ]- Read the Employment Situation report at Labor Department
- UPDATE: Dollar Down Modestly Vs Euro After US Jobs Data (Dow Jones)
- Metals − Copper extends gains as buyers welcome US payrolls data (Thomson Financial News)
- US November non−farm payrolls up 94,000, unemployment steady at 4.7 pct (Thomson Financial News)
Trading News Report - Trading NFPs As Speculation Of A 50bp Fed Cut Grows by FXCM
Daily Market Briefing - How Will the US Dollar React to Non−Farm Payrolls? by FXCM
Asia Market Update - Currencies Stuck in Tight Ranges Ahead of NFP Data by Trade The News
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 7 | 13:30 | US | Nonfarm Payrolls (Nov) | 94K | 70K | 170K |
| 15:00 | US | Reuters/Michigan Consumer Sentiment Index | 74.5 | 76.1 | ||
| 17:00 | EMU | ECB's Trichet Speaks | ||||
| 20:00 | US | Consumer Credit (Nov)  | $4.8B | $3.7B | ||
| Dec 10 | 00:01 | UK | Rightmove House Price Index (MoM) | -0.7% | ||
| 00:01 | UK | Rightmove House Price Index (YoY) | 7.9% | |||
| 07:00 | DE | Current Account | 15.4B | |||