Friday, Dec 28, 16:52 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinars VIDEOS: Go to our Transcripts section and watch our archived live sessions
- Improve your trading with our Trading Tools
- Financials, Indices, Metals and Energies on the Futures Section
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jan 2, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Jan 3, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jan 2, 13:00 GMT | US Session Open  | Ed Ponsi | WBN |  |
| Wed, Jan 2, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Jan 2, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Jan 3, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Thu, Jan 3, 14:30 GMT | Weekly Technical Briefing | Dan Blystone | WBN | |
Current Session: U.S.
USD/CHF
Mid−Day Forex Technical Report − Dollar Remains Pressured after Mixed Data by ActionForex.com
Mixed bag of data was released from the US today. On the one hand, Chicago PMI unexpectedly rebounded to 56.6 in Dec, much better than expectation of 51.8. On the other hand, new home sales plummeted by −9.0% to a 12 year low of 647k annualized rate in Nov, showing that there is still no sign of bottoming in the housing down turn.
- EUR/JPY back in form (?) On 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
Market Session Recaps −London Session by FOREX.com
Currencies at a Glance
- EUR/USD
- Trades around first resistant level 1.4686
12/28/2007 16:10 GMT - GBP/USD
- Moves down back around pivot level 1.9916
12/28/2007 16:11 GMT - USD/CHF
- Trades around second support level 1.1277
12/28/2007 16:11 GMT - USD/JPY
- Back above second support level 112.91
12/28/2007 16:12 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 EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Dec 31 | 15:00 | Existing Home Sales | 4.97M | 4.97M |
| Dec 31 | 15:00 | Existing Home Sales (MoM) | 0.6% | -1.2% |
FX Daily Commentary - Will 2008 Be a Turning Point For The Dollar? by FXGreece
A few more days till the end of the year and dollar is still under pressure against most of its other counterparts.
[ Full Story ]Top Market Movers Review
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 28 | 15:15 | Consumer Price Index (MoM) | 0.5% | 0.7% | 0.5% |
| Dec 28 | 15:15 | Consumer Price Index (YoY) | 2.8% | 3.0% | 3.1% |
German Dec preliminary CPI up 0.5 pct from Nov, up 2.8 pct yr−on−yr (Thomson Financial News)
Consumer prices in Germany rose 0.5 pct in December from November and were up 2.8 pct from a year earlier, according to preliminary data from the Federal Statistics Office.
[ Full Story ]- Read the Consumer prices in 2007 at German Statistics
- DATA SNAP: German Prelim Dec CPI +0.5% On Mo, +2.8% On Yr (Dow Jones)
- North Rhine−Westphalia Dec CPI up 0.4 pct from Nov, up 2.9 pct yr−on−yr (Thomson Financial News)
- DATA SNAP: Germany's NRW Dec CPI +0.4% On Mo, +2.9% On Yr (Dow Jones)
Friday Notes - China at the crossroads by HVB Group
US NEW HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 28 | 15:00 | New Home Sales (MoM) | -9.0% | -1.1% | 1.7% |
| Dec 28 | 15:00 | New Home Sales | 647K | 720K | 711K |
DATA SNAP: US Nov New Home Sales, Prices Decrease (Dow Jones)
New−home sales retreated during November, recording the largest year−over−year drop in nearly 17 years, while prices also receded, a bad sign for consumer spending and the economy.
[ Full Story ]- Read the New Residential Sales Index at Census Bureau
- Odds of rate cut increase as weak new home sales trumps Chicago PMI rise (Thomson Financial News)
- ECONOMIC REPORT: U.S. November New−Home Sales Fall 9% To 647,000 (Dow Jones)
- US November new home sales plunge 9 pct to 647,000 unit annual rate (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 28 | 15:15 | DE | Consumer Price Index (MoM) (Dec)  | 0.5% | 0.7% | 0.5% |
| 15:15 | DE | Consumer Price Index (YoY) (Dec) | 2.8% | 3.0% | 3.1% | |
| Dec 31 | 15:00 | US | Existing Home Sales (Nov) | 4.97M | 4.97M | |
| 15:00 | US | Existing Home Sales (MoM) (Nov) | 0.6% | -1.2% | ||
| Jan 1 | 22:30 | AU | Manufacturing PMI | 53.8 | ||
| Jan 2 | 08:55 | DE | PMI Manufacturing | 53.7 | ||
| 09:00 | EMU | PMI Manufacturing | 52.8 | |||