Friday, Dec 21, 16:51 GMT
ASIA-PACIFIC Trading Newsletter
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- Webinars VIDEOS: Go to our Transcripts section and watch our archived live sessions
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Dec 24, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Dec 27, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Dec 24, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Thu, Dec 27, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Thu, Dec 27, 16:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
| Fri, Dec 28, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Fri, Dec 28, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Dollar Higher against Yen after Strong Personal Spending by ActionForex.com
USD/JPY's rally from 107.21 resumes today and edges higher to 113.71 so far. Further rally is expected to be seen to test medium term falling the trend line resistance (now at 114.12). Sustained break will encourage further rise towards 115.91 resistance. ON the downside, below 112.78 support will suggest that an intraday top is in place and bring pull back.
- USD/JPY and the 114 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 − EUR/USD has held above 1.4350 first Suport by FXDream
Market Session Recaps − London Session by FOREX.com
Daily Outlook − EUSD/JPY: Movemenrt sideways between 113.58 and 112.72 in a triangle pattern by Karoll
Currencies at a Glance
- EUR/USD
- Trades around first resistant level 1.4377
12/21/2007 16:28 GMT - GBP/USD
- Back around opening price level 1.9838 , below pivot level 1.9879
12/21/2007 16:28 GMT - USD/CHF
- Trades below pivot level 1.1571
12/21/2007 16:29 GMT - USD/JPY
- Continues to move up toward third resistant level 1114.05
12/21/2007 16:30 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, 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 DURABLE GOODS ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Dec 27 | 13:30 | Durable Goods Orders | - | -0.4% |
| Dec 27 | 13:30 | Durable Goods Orders ex Transportation | - | -0.7% |
Friday Notes - China at the crossroads by HVB Group
New orders have been exceptionally weak in recent months. The core category of non−defense capital goods orders excluding aircraft has actually contracted over the past three months.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 21 | 15:00 | Reuters/Michigan Consumer Sentiment Index | 75.5 | 75.0 | 76.1 |
Reuters/Univ Michigan End−Dec Sentiment 75.5; Nov 76.1 (Dow Jones)
U.S. consumer sentiment weakened in December, although by slightly less than the initial estimate had forecast, while short−term inflation expectations stayed flat.
[ Full Story ]- Read full Reuters/University of Michigan Surveys of Consumers
- US late Dec Reuters/Michigan consumer sentiment rises to 75.5 from 74.5 earlier (Thomson Financial News)
- US Reuters/Univ. Michigan consumer sentiment stabilizes at two year low (FXstreet.com)
- US Dec Reuters/Michigan Consumer Sentiment Index declines to 75.5 vs 76.1 in November (FXstreet.com)
US PERSONAL INCOME
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 21 | 13:30 | Personal Income (MoM) | 0.4% | 0.5% | 0.2% |
| Dec 21 | 13:30 | Personal Spending | 1.1 | 0.6 | 0.4 |
| Dec 21 | 13:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | 0.2% | 0.2% | 0.2% |
| Dec 21 | 13:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | 2.2% | 2.0% | 2.0% |
DATA SNAP: US Nov Spending Highest In Three Years (Dow Jones)
Consumers spent with gusto in November, a sign the economy might not be as weak as feared, while a key gauge of inflation crept above the Federal Reserve's comfort zone.
[ Full Story ]- Read the PCE data at Commerce Department
- US November consumer spending up 1.1 pct but real incomes fall UPDATE (Thomson Financial News)
- US Personal Income−STATS−Historical (Dow Jones)
- US November consumer spending up 1.1 pct but real incomes fall UPDATE (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar Higher against Yen after Strong Personal Spending by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 21 | 13:30 | US | Personal Income (MoM) (Nov) | 0.4% | 0.5% | 0.2% |
| 15:00 | US | Reuters/Michigan Consumer Sentiment Index (Dec) | 75.5 | 75.0 | 76.1 | |
| Dec 24 | 23:50 | JP | BSI Large Manufacturing (QoQ) | 7.7 | ||
| 23:50 | JP | Corporate Service Price (YoY) | 1.4% | |||
| Dec 25 | 23:50 | JP | BoJ Minutes | |||
| Dec 26 | 15:00 | US | Richmond Fed Manufacturing Index | 0 | ||
| Dec 27 | 05:00 | JP | Housing Starts (YoY) | -35% | ||