Friday, Dec 14, 16:49 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Dec 17, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Dec 17, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Dec 17, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Dec 17, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Dec 17, 14:00 GMT | FX Instructor Live Trading Room  | Nader Moustafa | WBN |  |
| Mon, Dec 17, 14:30 GMT | Interview with Drew Niv, CEO at FXCM | Drew Niv | WBN |  |
| Mon, Dec 17, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: U.S.
EUR/USD:
Mid−Day Forex Technical Report − Dollar Propelled Again by Strong Inflation Data by ActionForex.com
EUR/USD's fall from 1.4750 extends further in early US session, taking out mentioned 1.4490/4519 support zone (50% retracement of 1.4014 to 1.4966 at 1.4490) and reaches as low as 1.4468 so far. At this point, intraday bias remains on the downside as long as 1.4576 support turned resistance holds.
- USD moves further, key daily levels come into play 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 Outlook − USD/JPY Daily Outlook by Karoll
Technical Summary for Majors − Continues to trend lower from 1.4969 by Windsor Brokers Ltd
Currency Majors Technical Analysis − 1,4508. EUR USD broke 1,4585 support by Mataf.net
Currencies at a Glance
- EUR/USD
- Continues to move down toward third support level 1.4401
12/14/2007 16:20 GMT - GBP/USD
- Moves down around third support level 2.0200
12/14/2007 16:20 GMT - USD/CHF
- Continues to move up above second resistant level 1.1539
12/14/2007 16:21 GMT - USD/JPY
- Continues to move up toward third resistant level 113.70
12/14/2007 16:21 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 PMI MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Dec 17 | 09:00 | PMI Manufacturing | 52.6 | 52.8 |
Friday Notes - Holiday Season: So−so sales anticipated by HVB Group
The November data surprised on the upside and showed the first increase after four consecutive declines. We suspect that was mainly a technical rebound, and momentum will not be sustained given that currency appreciation and tighter credit standards have not yet fully displayed their nasty effects.
[ Full Story ]Top Market Movers Review
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 14 | 14:15 | Industrial Production (MoM) | 0.3% | 0.1% | -0.7% |
DATA SNAP: US Indus Output Accelerates In Nov As Mfg Rises (Dow Jones)
U.S. industrial production accelerated during November, driven higher by increased output of cars, trucks and computers.
[ Full Story ]- Read the Industrial Production data at Federal Reserve
- US November industrial production rises 0.3 pct (Thomson Financial News)
- US industrial production picks up in November (FXstreet.com)
- US Capacity Utilization increases to 81.5% in Nov from revised 81.4% in Oct (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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 14 | 13:30 | Consumer Price Index (MoM) | 0.8% | 0.6% | 0.3% |
| Dec 14 | 13:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.3% | 0.2% | 0.2% |
| Dec 14 | 13:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.3% | 2.3% | 2.2% |
| Dec 14 | 13:30 | Consumer Price Index (YoY) | 4.3% | 4.1% | 3.5% |
Daily Fx Strategy - Inflation & Seasonal Reversals Boost Dollar by CMC Markets
More evidence of rising US inflation underlines the Federal Reserve's policy bind and raises chances the central bank will stick to non−interest rate easing liquidity solutions for the struggling money market, thus, sparing the US currency from a interest rate cuts and helping it from a relative yield perspective.
[ Full Story ]- Read the CPI data at Labor Department
- US CPI posts a sharp increase in November on energy prices – UPDATE (FXstreet.com)
- Forex − Dollar consolidates strong gains as US inflation surprises on upside (Thomson Financial News)
- US November CPI up 0.8 pct, core CPI up 0.3 pct (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar Propelled Again by Strong Inflation Data by ActionForex.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 14 | 14:15 | US | Capacity Utilization (Nov) | 81.5% | 81.7% | 81.4% |
| 14:15 | US | Industrial Production (MoM) (Nov) | 0.3% | 0.1% | -0.7% |
|
| 23:50 | JP | Tankan Large Manufacturing Outlook (4Q) | 18 | 19 | ||
| Dec 17 | 00:01 | UK | Rightmove House Price Index (MoM) | -0.7% | ||
| 00:01 | UK | Rightmove House Price Index (YoY) | 7.9% | |||
| 05:00 | JP | Leading Economic Index | 0 | |||
| 08:15 | CH | Industrial Production (QoQ) | 6.7% | |||