Tuesday, Jan 15, 17:02 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Wed, Jan 16, 10:00 GMT
Type of Session: Webinar
What Moves Currencies? − EUR focus
Expert: Tony Juste
Start: Wed, Jan 16, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jan 15, 17:00 GMT | Day Trading Series − Chapter II : Day Trading Basics (Part 2) | Markus Heitkoetter | WBN |  |
| Tue, Jan 15, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Jan 16, 10:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN |  |
| Wed, Jan 16, 11:00 GMT | What Moves Currencies? − EUR focus | Tony Juste | WBN | |
| Wed, Jan 16, 14:00 GMT | Level of Sentiment in the FX Market | Antonio Sousa | WBN |  |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − Dollar Tumbles after Weak Data, Sterling Rebounds by ActionForex.com
Cable's strong rebound today and subsequent break of 1.9669 minor resistance suggest that an intraday low is a least in place at 1.9481, after cable struggled to take out mentioned 1.9554 key medium term support zone. Intraday bias is flipped back to the upside and further rebound could be seen to 1.9853 resistance.
- Webinars Video − Using FX Options to Control Risk and Make Profits by by John Jagerson, Founder Profiting With Forex
- 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:
USD/JPY Daily Technical Forex − USD/JPY Daily Technical Forex by Stoploss.ch
Weekly Technical Commentary − A terrible two months for the pound by Mizuho Corporate Bank
Currencies at a Glance
- EUR/USD
- Back around pivot level 1.4853
01/15/2008 16:22 GMT - GBP/USD
- Trades around third resistant level 1.9712
01/15/2008 16:23 GMT - USD/CHF
- Back above first support level 1.0872
01/15/2008 16:23 GMT - USD/JPY
- Continues to move down toward second support level 106.58
01/15/2008 16:23 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
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jan 16 | 10:00 | Consumer Price Index (MoM) | 0.4% | 0.5% |
| Jan 16 | 10:00 | Consumer Price Index − Core (YoY) | 1.9% | 1.9% |
| Jan 16 | 10:00 | Consumer Price Index (YoY) | 3.1% | 3.1% |
Friday Notes - Fed – still a long way to go by HVB Group
Eurozone inflation in December should be confirmed at 3.1%. We suspect that energy price pressure eased, while food probably added 0.1 pp to the headline rate. If these assumptions are correct, the core rate ex food, energy, alcohol and tobacco should have remained stable at 1.9%. The period of more significant CPI acceleration is now behind us, but inflation will remain above 3% for a few more months.
[ Full Story ]Top Market Movers Review
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 15 | 13:30 | Retail Sales ex Autos (MoM) | -0.4% | 0.1% | 1.8% |
| Jan 15 | 13:30 | Retail Sales (MoM) | -0.4% | 0.1% | 1.0% |
US retail sales decrease larger than expected in December (FXstreet.com)
US retail sales have decreased larger than expected in December, with a 0.4% fall, instead of the 0.1% increase expected, as higher energy prices could have discouraged consumption, according to data by the Commerce Department.
[ Full Story ]- Advance monthly sales for retail trade and food services at US Department of Commerce
- Forex − Dollar stays weak after soft data (Thomson Financial News)
- Odds of 75 basis point rate cut in January increases after retail sales, PPI (Thomson Financial News)
- US retail sales decrease larger than expected in December − UPDATE (FXstreet.com)
Daily Forex Commentary - A Day with the US Economy in Focus by Jyske Bank
US NY EMPIRE STATE MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 15 | 13:30 | NY Empire State Manufacturing Index | 9.03 | 10.10 | 9.80 |
Empire State Manufacturing Index steady in January at 9.03 (Thomson Financial News)
Conditions for manufacturers in the New York Fed region failed to improve in January, and their expectations for the future dropped significantly. Its Empire State Manufacturing Survey index fell to 9.03, down only slightly from the revised 9.80 reading in December.
[ Full Story ]- Conditions for New York manufacturers improved little in January at Federal Reserve Bank of New York
- Empire State Manufacturing Index steady in January at 9.03 UPDATE (Thomson Financial News)
- UPDATE: NY Fed Jan Manufacturing Index Holds Steady At 9.03 (Dow Jones)
- US NY Empire State Manufacturing Index declines to 9.03 in Jan from 9.8 in Dec (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 15 | 13:30 | US | Producer Price Index ex Food & Energy (MoM) (Dec) | 0.2% | 0.2% | 0.4% |
| 15:00 | US | Business Inventories (Nov) | 0.4% | 0.4% | 0.1% | |
| 23:30 | AU | Westpac Consumer Confidence | 2.0% | 1.8% | ||
| 23:50 | JP | Adjusted Current Account (Nov) | ¥1860.9B | ¥2229.0B | ||
| 23:50 | JP | Core Machinery Orders (MoM) (Nov) | -4.5% | 12.7% | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (Dec) | 0.1% | 0.2% | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (YoY) (Dec) | 2.3% | 2.3% | ||