Wednesday, Dec 12, 17:11 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the Close. Totally crossed
- NEW Webinar Video: Main technical theme in the currency market by Jamie Saettele
- Fed − Dec 11 Meeting: 25bp rate cut by FXstreet.com
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Live Sessions Schedule
Live Look at Today's Markets− Free Access Day
Expert: Derek Frey
Start: Wed, Dec 12, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Carry Trade Focus
Expert: Tony Juste
Start: Thu, Dec 13, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Dec 12, 17:00 GMT | Quantifying Supply and Demand in Forex − Free Access Day | Sam Seiden | WBN |  |
| Wed, Dec 12, 18:00 GMT | Live Look at Today's Markets− Free Access Day | Derek Frey | WBN | |
| Thu, Dec 13, 11:00 GMT | What Moves Currencies? − Carry Trade Focus | Tony Juste | WBN | |
| Thu, Dec 13, 15:00 GMT | Technical Analysis Q&A  | Tony Juste | WBN | |
| Thu, Dec 13, 16:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
Current Session: U.S.
EUR/USD
Daily Technical Strategist − EURUSD: Break Of The 1.4751 Level Required To Open Up Risk Towards The 1.4967 by FXTechstrategy
EURUSD− EUR turned sharply lower ahead of the 1.4751 level, its Nov 09'07 high Tuesday after testing an intra day high of 1.4749.It later close the session at 1.4661,wiping out its previous day's gains. Although the recovery started at the 1.4525 level remains in force, a clean break and hold above the 1.4751 level is needed to trigger its short term uptrend and clear the way for a run at its 1.618 Fib Ret (Monthly Chart) at 1.4918 and ultimately the 1.4967 level, which marks its 2007 peak.
- Technical Trigger: EUR/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:
Currency Majors Technical Analysis by Mataf.net
Daily Forex Technical Report − Yen Weakens Again Broadly, Sterling Lifted by Employment Report by ActionForex.com
Daily Forex Forecast − Daily Forex Forecast by FXDream
Currencies at a Glance
- EUR/USD
- Move down back around pivot level 1.4681 after hit yesterday high 1.4750
12/12/2007 16:22 GMT - GBP/USD
- Moves down back around first resistant level 2.0465 after hit second resistant level 2.0588
12/12/2007 16:22 GMT - USD/CHF
- Moves up above first resistant level 1.1361
12/12/2007 16:22 GMT - USD/JPY
- Continues to move up toward second resistant level 112.75
12/12/2007 16:23 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
EMU ECB PUBLISHES MONTHLY REPORT
| Date (GMT) | Event | Cons. | Previous | |
| Dec 13 | 09:00 | ECB Publishes Monthly Report | - | - |
Daily Technical Strategist - EURUSD: Break Of The 1.4751 Level Required To Open Up Risk Towards The 1.4967 by FXTechstrategy
[ Full Story ]- ECB to provide US dollar funding to money market (Thomson Financial News)
- Tony Juste, FX Advisor at FXstreet.com: "It will be very interesting to see what is the tone that the ECB uses this time in its monthly report with respect to the economy and the interest rate outlook. With the clear dilemma on the table whether to respond to inflation or growth, this report may gives us an idea of what the central ban might do next, I believe it is a good event to monitor." − FXstreet.com
Top Market Movers Review
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 12 | 13:30 | Trade Balance | -$57.82B | -$57.30B | -$57.12B |
DATA SNAP: US Oct Trade Gap Up As Oil Import Price Soars (Dow Jones)
The U.S. trade deficit widened during October, rising higher than expected as the average price for imported oil soared to a record.
[ Full Story ]- Read the US Trade Balance data at Commerce Department
- US October trade deficit up 1.2 pct to 57.8 bln usd (Thomson Financial News)
- US Trade Deficit posts higher than expected in October (FXstreet.com)
- US Trade Balance falls to $−57.82B in Oct from $−57.12B (FXstreet.com)
US economic indicators - FOMC is likely to lower the Fed Funds Rate by another 25 basis points to 4.25% by BHF−Bank
US IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 12 | 13:30 | Import Price Index (YoY) | 11.4% | 11.0% | 9.6% |
| Dec 12 | 13:30 | Import Price Index (MoM) | 2.7% | 2.0% | 1.8% |
US Nov import prices up 2.7 pct vs 2.0 pct expected, largest rise since Oct 1990 (Thomson Financial News)
Prices for imported goods rose by the largest amount in nearly two decades as high oil prices pushed overall import prices higher, the Labor Department said today.
[ Full Story ]- Read the U.S. Import and Export Price Indexes at Labor Department
- US Import Prices Soar; Gains Extend Well Beyond Energy (Dow Jones)
- US Import Prices posts historical increase in November on high petroleum prices (FXstreet.com)
- US Import Price Index rses 2.7% in Nov 11.4% up on the year (FXstreet.com)
US economic indicators - FOMC is likely to lower the Fed Funds Rate by another 25 basis points to 4.25% by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 12 | 13:30 | US | Import Price Index (MoM) (Nov) | 2.7% | 2.0% | 1.8% |
| 13:30 | US | Import Price Index (YoY) (Nov) | 11.4% | 11.0% | 9.6% | |
| 21:45 | NZ | Retail Sales (MoM) (Oct) | 1% | |||
| 21:45 | NZ | Retail Sales ex Autos (MoM) (Oct) | 0.5% | |||
| 23:00 | NZ | ANZ− Business NZ PMI (Nov) | 56.9 | |||
| Dec 13 | 00:01 | UK | RICS House Price Balance (Nov) | -28.5% | -22.2% | |
| 00:30 | AU | Employment Change (Nov) | 12.9K | |||