Monday, Dec 17, 17:04 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Dec 18, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − EUR watch
Expert: Tony Juste
Start: Tue, Dec 18, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Dec 18, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Dec 18, 11:00 GMT | What Moves Currencies? − EUR watch | Tony Juste | WBN | |
| Tue, Dec 18, 12:00 GMT | FX Instructor Live Trading Room | Mihai Marinescu | WBN |  |
| Tue, Dec 18, 16:00 GMT | Trading with Autochartist | Raghee Horner | WBN |  |
| Tue, Dec 18, 17:00 GMT | Charting lessons we've learned in 2007!  | Adam Rosen | WBN | |
Current Session: U.S.
GBP/USD:
Mid−Day Forex Technical Report − Dollar Extends Rally ahead of Fed's TAF by ActionForex.com
Cable's fall from 2.0577 extends further to as low as 2.0100 today and is now pressing mentioned medium term rising channel support (now at 2.0112). At this point, intraday bias remains on the downside as long as 2.0244 minor resistance holds. Further decline is still in favor. Meanwhile, above 2.0244 will indicate an intraday low is in place.
- Markets marking time, but... 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:
FX Daily Commentary − EUR/USD Looks Ready To Try 1.41 in The Coming Weeks… by FXGreece
Daily Forex Forecast − Daily Forex Forecast by FXDream
Daily Outlook − EUR/USD Daily Outlook by Karoll
Currencies at a Glance
- EUR/USD
- Back around opening price level 1.4383 , below pivot level 1.4498
12/17/2007 16:22 GMT - GBP/USD
- Continues to trade around opening price level 2.0146 , below pivot level 2.0257
12/17/2007 16:22 GMT - USD/CHF
- Moves down below opening price level 1.1551 , above pivot level 1.1492
12/17/2007 16:22 GMT - USD/JPY
- Continues to trade around opening price level 113.32 , above pivot level 113.02
12/17/2007 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
US NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Dec 17 | 18:00 | NAHB Housing Market Index | 19 | 19 |
US economic indicators - Housing market data will indicate ongoing weakness by BHF−Bank
The NAHB index stabilized at 19 in November, but, as the graph shows, this level is really low and indicates ongoing weakness in the construction sector. We expect the NAHB index to remain at 19 at best in December.
[ Full Story ]- Out of the Gate: Builder Sentiment (Thomson Financial News)
Weekly Forex Research - How is residential construction developing in the US? by Jyske Bank
Top Market Movers Review
US NY EMPIRE STATE MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 17 | 13:30 | NY Empire State Manufacturing Index | 10.31 | 20.00 | 27.37 |
NY Fed Dec Mfg Index Falls Sharply To 10.31 (Dow Jones)
Manufacturing activity in the New York Federal Reserve district fell sharply in December with the overall index slipping to a reading of 10.31 from 27.37 in November.
[ Full Story ]- Read the Empire State Manufacturing Survey at NY Fed
- Empire State Manufacturing Index plummets to 10.31 vs 21.50 expected UPDATE (Thomson Financial News)
- UPDATE: NY Fed Dec Mfg Index Falls Sharply To 10.31 (Dow Jones)
- Empire State Manufacturing Index plummets to 10.31 vs 21.50 expected (Thomson Financial News)
US CURRENT ACCOUNT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 17 | 13:30 | Current Account | -$178.5B | -$183.0B | -$188.9B |
DATA SNAP: U.S. Current Account Gap Less Than Expected (Dow Jones)
The U.S. current account deficit narrowed during the third quarter as exports of capital goods and motor vehicles increased. The current account deficit shrank to $178.5 billion during July through September from a revised $188.9 billion in the second quarter, the Commerce Department said Monday.
[ Full Story ]- Read the Current Account data at Commerce Department
- US trade deficit declines (Thomson Financial News)
- US Q3 current acct deficit narrows to 178.5 bln usd vs 183.6 bln usd expected (Thomson Financial News)
- US Current account deficit narrows larger than expected in the 3Q (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 17 | 14:00 | US | Net Long−term TIC Flows (Oct) | $114.0B | $45.0B | $15.4B |
| 14:00 | US | Total Net TIC Flows (Oct) | 97.8 | 30.0B | -32.8B |
|
| 18:00 | US | NAHB Housing Market Index (Dec) | 19 | 19 | ||
| Dec 18 | 02:00 | NZ | Business Confidence (Dec) | -19.6 | ||
| 05:30 | JP | Nationwide Department Sales (YoY) (Nov) | -1.4% | |||
| 05:30 | JP | Tokyo Department Store Sales (YoY) (Nov) | 0.6% | |||
| 08:15 | CH | Adjusted Real Retail Sales (YoY) (Oct) | 5.1% | 7.1% | ||