Thursday, Jan 10, 16:56 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the Close
- Webinars VIDEOS: Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
- ECB decision: Live coverage at FXstreet.com
- Trendex: Instant Trading Tips from FX Pros right to your desktop
- A new year has started: Economic and Financial Outlook 2008
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Jan 10, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Weekly Wrap−Up
Expert: Tony Juste
Start: Fri, Jan 11, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jan 10, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Jan 11, 11:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN | |
| Fri, Jan 11, 12:00 GMT | Day−Trading the NFP's  | Adam Rosen | WBN |  |
| Fri, Jan 11, 15:00 GMT | Live Trading | Tony Juste | WBN | |
| Mon, Jan 14, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − ECB & BoE on Hold, Bernanke Next by ActionForex.com
Cable continues to struggle around 1.9554 key medium term support in early US session. Brief recovery to above 1.9654 resistance indicates an intraday low might be in place and further choppy sideway trading could be seen today. Intraday outlook is turned neutral for the moment with cable still struggling at the current support zone.
- 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 − EUR/USD has traded ranged below 1.4700 by FXDream
Market Session Recaps − London Session by FOREX.com
Currencies at a Glance
- EUR/USD
- Moves up above first resistant level 1.4721
01/10/2008 16:09 GMT - GBP/USD
- Continues to trade around opening price level 1.9582 , below pivot level 1.9633
01/10/2008 16:09 GMT - USD/CHF
- Moves down toward third support level 1.1057
01/10/2008 16:10 GMT - USD/JPY
- Moves down toward first support level 109.18
01/10/2008 16:10 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 FED'S BERNANKE SPEAKS
| Date (GMT) | Event | Cons. | Previous | |
| Jan 10 | 18:00 | Fed's Bernanke Speaks | - | - |
Daily Forex Technical Report − BoE, ECB & Bernanke's Speech Eyed by ActionForex.com
Going into the high point of this week's Fedspeaks, Chairman Bernanke is scheduled to speak on economic outlook in Washington in US afternoon
[ Full Story ]Asia Market Update - USD soft in Asia ahead of ECB, BoE and Bernanke speech by Trade The News
Top Market Movers Review
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 10 | 15:00 | Wholesale Inventories | 0.6% | 0.4% | 0.0% |
DATA SNAP: US Wholesale Inventories Above Expectations (Dow Jones)
U.S. wholesalers' inventories rose higher in November than expected, even though sales surged by the most in two years, according to data hinting the economy might not have been as weak in the fourth quarter as some fear.
[ Full Story ]- Read the Wholesale Inventories data at Census Bureau
- US November wholesale inventories up 0.6 pct, record low inventories/sales ratio (Thomson Financial News)
- US Wholesale Inventories rose than expected in November (FXstreet.com)
- US Wholesale Inventories up 0.6% in Nov (FXstreet.com)
US economic indicators - Trade deficit is likely to have widened noticeably in November because of petroleum by BHF−Bank
EMU ECB'S TRICHET SPEAKS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 10 | 13:30 | ECB's Trichet Speaks | - | - | - |
| Jan 10 | 12:45 | ECB Interest Rate Decision | 4% | 4% | 4% |
3rd UPDATE: Trichet Talks Tough As ECB Keeps Rates Stable (Dow Jones)
The European Central Bank Thursday stuck to its hawkish rhetoric, highlighting brewing inflation risks and leaving the door open for an interest rate increase later in the year.
[ Full Story ]- Read the Introductory statement at ECB
- FOCUS: ECB's Trichet Ups Warning On 2008 Wage Hikes (Dow Jones)
- Forex − Euro shoots up as Trichet puts markets on rate hike alert (Thomson Financial News)
- Euro Trades Above $1.4750 As Market Digests Trichet Comments (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 10 | 13:30 | US | Initial Jobless Claims (Jan 5) | 322K | 340K | 337K |
| 15:00 | US | Wholesale Inventories (Nov) | 0.6% | 0.4% | 0.0% | |
| 18:00 | US | Fed's Bernanke Speaks | ||||
| Jan 11 | 09:30 | UK | Industrial Production (MoM) (Nov) | 0.1% | 0.4% | |
| 09:30 | UK | Industrial Production (YoY) (Nov) | 0.5% | 1.0% | ||
| 09:30 | UK | Manufacturing Production (MoM) | 0.3% | |||
| 09:30 | UK | Manufacturing Production (YoY) | 0.3% | |||