Wednesday, Jan 09, 16:44 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jan 9, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Preview of the CB rate decisions
Expert: Tony Juste
Start: Thu, Jan 10, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jan 9, 17:00 GMT | The Case for the Dollar  | Joseph Trevisani | WBN |  |
| Wed, Jan 9, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Jan 10, 11:00 GMT | What Moves Currencies? − Preview of the CB rate decisions | Tony Juste | WBN | |
| Thu, Jan 10, 14:30 GMT | Weekly Technical Briefing | Dan Blystone | WBN | |
| Thu, Jan 10, 16:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − Another Sterling Selloff on Rate Cut Speculation by ActionForex.com
Technically speaking, GBP/USD is now pressing an important support zone of 1.9550/600 level and seems to be regaining downside momentum. Sustained break of this support zone will confirm that the medium term up trend that started at 1.7047 in 2005 has already completed and much deeper decline should then be seen.
- 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
Other Topics for this Session:
Daily Forex Forecast − GBP/USD has fallen further below our target at 1.9620 by FXDream
Currency Majors Technical Analysis − 1,9610. GBP USD broke 1,9660 by Mataf.net
Currencies at a Glance
- EUR/USD
- Moves down below second support level 1.4646
01/09/2008 16:22 GMT - GBP/USD
- Continues to move down below second support level 1.9580
01/09/2008 16:22 GMT - USD/CHF
- Moves up around pivot level 1.1144
01/09/2008 16:22 GMT - USD/JPY
- Trades around first resistant level 109.51
01/09/2008 16:22 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
UK TOTAL TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Jan 10 | 09:30 | Total Trade Balance | 4.3B | -4.1 |
OUTLOOK UK retail sales, manufacturing data to be overshadowed by BoE decision (Thomson Financial News)
The UK's trade deficit is expected to have remained fairly steady during November after posting a reasonable improvement during October.
[ Full Story ]Top Market Movers Review
UK LEADING INDICATOR INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 9 | 15:30 | Leading Indicator Index | -0.3% | - | 0.1% |
UK Leading Index declines 0.3% in November (FXstreet.com)
United Kingdom's leading index has declined in November, for the fourth time in the last six months, with good productivity figures, but weighed by stock prices and consumer expectations.
[ Full Story ]- Read the Leading Indicators data at Conference Board
- United Kingdom Leading Indicator Index down to −0.3% in Nov from 0.2% in Oct (FXstreet.com)
- Tony Juste, FX Advisor at FXstreet.com: "Leading Indicators tend to show the state of the economy, and could give us an idea of what to expect in the short term in the UK, if recession fears are confirmed or not." − FXstreet.com
KBC Alert - GBP (1.9621) Testing neckline of Double Top (1.9653: see graph) by KBC Bank
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 9 | 10:00 | Gross Domestic Product s.a. (YoY) | 2.7% | 2.7% | 2.5% |
| Jan 9 | 10:00 | Gross Domestic Product s.a. (QoQ) | 0.8% | 0.7% | 0.3% |
DATA SNAP: Euro−Zone 3Q GDP Growth Revised Up To +0.8% QQ (Dow Jones)
The euro−zone economy posted a better than expected recovery in the third quarter, expanding at a rate of 0.8% quarter−on−quarter, as stronger business investment pushed the measure higher than the previously announced estimate of 0.7%.
[ Full Story ]- Read the report: Euro area GDP and EU27 GDP up by 0.8% at Eurostat
- UPDATE: Euro−Zone 3Q GDP Growth Revised Up To +0.8% QQ (Dow Jones)
- Euro zone Q3 GDP growth revised to 0.8 pct from 0.7 (Thomson Financial News)
- Eurozone GDP up 0.8% in the third quarter (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 9 | 13:15 | CA | Housing Starts s.a (YoY) (Dec) | 187.5 | 221.0K | 233.3K |
| 15:30 | UK | Leading Indicator Index (Nov) | -0.3% | 0.1% |
||
| 23:50 | JP | Official Reserve Assets (Dec) | 970.2B | |||
| Jan 10 | 00:30 | AU | Trade Balance (Nov) | -2.5B | -2983.0M | |
| 05:00 | JP | Leading Economic Index (Nov)  | 10.0 | 18.2 | ||
| 07:45 | EMU | Industrial Production s.a. (MoM) | 0.4% | |||
| 07:45 | EMU | Industrial Production w.d.a. (YoY) | 3.8% | |||