Tuesday, Dec 18, 17:04 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the Close
- NEW Webinar Video: Longer-term Trading Straddles and Strangles in the Forex by John Jagerson
- Monthly Webinar with Sunil Mangwani (FX Instructor) on Thurs. 20th
- Check out our Brokers Section with all information you may need
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Live Sessions Schedule
What Moves Currencies? − How's the carry trade doing?
Expert: Tony Juste
Start: Wed, Dec 19, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Main Fundamental theme in the Currency market
Expert: Kathy Lien
Start: Wed, Dec 19, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Dec 18, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Dec 19, 10:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN |  |
| Wed, Dec 19, 11:00 GMT | What Moves Currencies? − How's the carry trade doing? | Tony Juste | WBN | |
| Wed, Dec 19, 12:00 GMT | FX Instructor Live Trading Rooms | Sunil Mangwani | WBN |  |
| Wed, Dec 19, 14:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN | |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − Forex Markets Still in Tight Range by ActionForex.com
Cable had another test of the mentioned medium term rising channel support (now at 2.0115) today but is still struggling to either take it out decisively or bounce back from this level. Cable is still at a juncture. Nevertheless, intraday bias remains on the downside as long as 2.0244 minor resistance holds.
- Suspicious USD rally ahead of bullish triggers... 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:
Market Session Recaps − London Session by FOREX.com
Forex Daily Analysis − 18/12/'07 − US Housing Data On Tap. by ForexYard
Currency Majors Technical Analysis − 1,4410. EUR USD is in an downtrend by Mataf.net
Currencies at a Glance
- EUR/USD
- Back around pivot level 1.4394
12/18/2007 16:21 GMT - GBP/USD
- Trades around pivot level 2.0178
12/18/2007 16:21 GMT - USD/CHF
- Continues to trade around pivot level 1.1513
12/18/2007 16:21 GMT - USD/JPY
- Moves down back above pivot level 113.09
12/18/2007 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
Australia WESTPAC LEADING INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Dec 18 | 23:30 | Westpac Leading Index (MoM) | - | 5.8% |
Morning Report - The New Zealand dollar continued the sharp losses seen on Friday night by Westpac Institutional Bank
Today we have business confidence at 3pm – a higher currency and dashed hopes of early rate cuts suggest that confidence could tick lower again.
[ Full Story ]Top Market Movers Review
US HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 18 | 13:30 | Housing Starts (YoY) | 1.187M | 1.176M | 1.232M |
| Dec 18 | 13:30 | Building Permits (MoM) | 1.152M | 1.150M | 1.170 |
DATA SNAP: US Housing Starts Resume Downturn In November (Dow Jones)
The pace of groundbreaking for home construction in the U.S. fell in November after rebounding for the first time in four months in October, while building permits slid to the lowest level in 14 1/2 years.
[ Full Story ]- Read the Housing Starts and Building Permits data at Commerce Department
- US Housing starts decline again in November − UPDATE (FXstreet.com)
- US November housing starts down 3.7 pct to 1.187 mln unit annual rate UPDATE (Thomson Financial News)
- CORRECT: US Building Permits Expected To Fall 0.5%, Not Rise (Dow Jones)
US economic indicators - Housing market data will indicate ongoing weakness by BHF−Bank
Weekly Forex Research - How is residential construction developing in the US? by Jyske Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 18 | 13:30 | US | Building Permits (MoM) (Nov) | 1.152M | 1.150M | 1.170 |
| 13:30 | CA | Leading Indicators (MoM) (Nov) | 0.0% | 0.1% | 0.0% |
|
| 21:45 | NZ | Food Price Index (MoM) | 0.6% | |||
| 22:00 | US | ABC Consumer Confidence (Dec 16) | -23 | |||
| 23:30 | AU | Westpac Leading Index (MoM) (Oct) | 5.8% | |||
| 23:50 | JP | All Industry Activity Index (MoM) (Oct) | 1.1% | -1.6% | ||
| Dec 19 | 07:00 | DE | Producer Price Index (MoM) (Nov) | 0.4% | 0.4% | |