Monday, Dec 10, 16:51 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the Close. Look who's coming...
- NEW Webinar Video: Building a Trading System in the Forex by John Jagerson
- Central Banks: Fed − Dec 11 Meeting Preview 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
Practical Trade with ADX Indicator
Expert: Valeria Bednarik
Start: Mon, Dec 10, 17:00 GMT
Type of Session: Webinar
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Dec 11, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Dec 10, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Steve Primo | WBN |  |
| Mon, Dec 10, 17:00 GMT | Practical Trade with ADX Indicator | Valeria Bednarik | WBN | |
| Tue, Dec 11, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Dec 11, 11:00 GMT | What Moves Currencies? | Tony Juste | WBN |  |
| Tue, Dec 11, 12:00 GMT | FX Instructor Live Trading Room | Mihai Marinescu | WBN |  |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Sterling Lifted by Inflation Data, Euro by Hawkish Comments by ActionForex.com
EUR/USD rebounds further to as high as 1.4272 today. Break of the inner falling channel is favoring the case that correction from 1.4966 has already completed at 1.4524, after being supported above 1.4490/4519 support zone (50% retracement of 1.4014 to 1.4966 at 1.4490). Also this suggest that fall is merely consolidation to the rise from 1.4014 only and that from 1.3360 is still in force.
- How the market behaves... 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
Market Session Recaps − London Session by FOREX.com
Currency Majors Technical Analysis − 1,4716. EUR USD broke 1,4700 resistance by Mataf.net
Currencies at a Glance
- EUR/USD
- Trades around second resistant level 1.4715
12/10/2007 16:22 GMT - GBP/USD
- Moves up toward third resistant level 2.0485
12/10/2007 16:22 GMT - USD/CHF
- Back around opening price level 1.1277 , below pivot level 1.1296
12/10/2007 16:22 GMT - USD/JPY
- Continues to trade above pivot level 111.54
12/10/2007 16:22 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 ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Dec 11 | 10:00 | ZEW Survey − Economic Sentiment | -34.5 | -32.5 |
EMU economic indicators - German ZEW economic sentiment is expected to decline in December by BHF−Bank
In December, German ZEW economic sentiment is expected to continue its decline, but at a decreasing rate.
[ Full Story ]Top Market Movers Review
US PENDING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 10 | 15:00 | Pending Home Sales (MoM) | 0.6% | -1.0% | 0.2% |
US Oct Pending Home Sales Climb Second Month In Row (Dow Jones)
A forward−looking indicator of home sales in the U.S. rose during October, the second climb in a row. The National Association of Realtors' index for pending sales of previously owned homes increased at a seasonally adjusted annual rate of 0.6% to 87.2 in October.
[ Full Story ]- Read the report: Existing−Home Sales to Trend up in 2008 at NAR
- US October pending home sales up 0.6 pct, second monthly increase UPDATE (Thomson Financial News)
- US October pending home sales up 0.6 pct, second monthly increase (Thomson Financial News)
- US pending home sales grow 0.6% in October (FXstreet.com)
- Tony Juste, FX Advisor at FXstreet.com: "As the housing market takes center stage in this the last part of the year, pending home sales will be important to measure the state of the conditions of the real estate market in the US, and a guide to what to expect in the months ahead. Expect some real volatility on the data." − FXstreet.com
Flash Comment - US: Bush administration launches initiative on housing by Danske Bank A/S
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 10 | 15:00 | US | Pending Home Sales (MoM) (Oct) | 0.6% | -1.0% | 0.2% |
| 15:30 | UK | Leading Indicator Index (Oct) | 0.2% | -0.1% | ||
| Dec 11 | 00:30 | AU | National Australia Bank's Business Confidence (Nov) | 9 | ||
| 05:00 | JP | Consumer Confidence Households (Nov) | 43.0 | 42.8 | ||
| 07:00 | AU | RBA's Governor Glenn Stevens Speaks | ||||
| 09:30 | UK | Total Trade Balance (Oct) | -4.6 | -5.1B | ||
| 10:00 | DE | ZEW Survey − Economic Sentiment (Dec) | -34.5 | -32.5 | ||