Wednesday, Jan 16, 16:51 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the Close
- Webinars VIDEOS: Multiple Low Risk Forex Entries With Support and Resistance by Sam Seiden
- Live Free Access Day on Thursday 17th − Register now!
- Check out our World Indices Rates
- Trendex: Instant Trading Tips from FX Pros right to your desktop
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
Forex Market forecast for the Year 2008 − Free Access Day
Expert: Dr.S.Sivaraman
Start: Thu, Jan 17, 10:00 GMT
Type of Session: Webinar
What Moves Currencies? − Majors watch − Free Access Day
Expert: Tony Juste
Start: Thu, Jan 17, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jan 16, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Thu, Jan 17, 10:00 GMT | Forex Market forecast for the Year 2008 − Free Access Day | Dr.S.Sivaraman | WBN |  |
| Thu, Jan 17, 11:00 GMT | What Moves Currencies? − Majors watch − Free Access Day | Tony Juste | WBN | |
| Thu, Jan 17, 12:00 GMT | Selling options for fun and profit − Free Access Day | John Jagerson | WBN | |
| Thu, Jan 17, 13:00 GMT | FX Instructor Live Trading Room − Free Access Day | Sunil Mangwani | WBN |  |
Current Session: U.S.
EUR/USD
FX Advisor's Blog − EUR/USD − 1.50 dreamers get smashed by FXstreet.com
Come on, keep talking of the 1.50 level in EUR/USD, so there you have the answer: 1.4685. The unit is obviously trading way out of bounds at the moment and should bounce a little, but there is no doubt that the fake test of 1.49 yesterday may've been the last push up in the pair, shorts from 1.4750 and higher now the very much preferred strategy.
- 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:
Mid−Day Forex Technical Report − Mixed Reactions after US Data by ActionForex.com
Daily Outlook − GBP/USD by Karoll
Currencies at a Glance
- EUR/USD
- Drops below third support level 1.4637
01/16/2008 16:27 GMT - GBP/USD
- Back around pivot level 1.9631
01/16/2008 16:27 GMT - USD/CHF
- Continues to move up above second resistant level 1.0998
01/16/2008 16:27 GMT - USD/JPY
- Moves up around pivot level 107.24
01/16/2008 16:27 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 BEIGE BOOK
| Date (GMT) | Event | Cons. | Previous | |
| Jan 16 | 19:00 | Fed's Beige Book | - | - |
Friday Notes - Fed – still a long way to go by HVB Group
The summary of local business comments on the economy compiled by the twelve regional Fed banks usually tends to stress "moderate" growth. But today there are unusually big differences in business conditions around the country. For example, Texas and Washington State are thriving, while California, Florida, and Michigan are troubled. It will be interesting to see how vividly these regional disparities are portrayed in next week's Beige Book.
[ Full Story ]Top Market Movers Review
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 16 | 14:15 | Capacity Utilization | 81.4% | 81.3% | 81.6% |
| Jan 16 | 14:15 | Industrial Production (MoM) | 0.0% | -0.1% | 0.3% |
DATA SNAP: US Dec Indus Production Unchanged; Consensus −0.2% (Dow Jones)
U.S. industrial production flattened during December, as manufacturing of housing sector goods and cars tumbled. Industrial production was unchanged last month, following an unrevised 0.3% rise in November, the Federal Reserve said Wednesday in a monthly report.
[ Full Story ]- Read the official data at the Federal Reserve
- US December industrial production unchanged, down at 1.0 pct rate in Q4 UPDATE (Thomson Financial News)
- US industrial production, flat in December, Capacity Utilization edges down − UPDATE (FXstreet.com)
- US December industrial production unchanged, down at 1.0 pct rate in Q4 (Thomson Financial News)
US NET LONG−TERM TIC FLOWS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 16 | 14:00 | Net Long−term TIC Flows | $90.9B | - | $114.0B |
US Net long term tick flows, down to $90.9 billion in November (FXstreet.com)
Net foreign purchases of long−term securities have decreased to $90.9 billion in November, from $114.0 billion in October, according to the US Treasury Department. Net foreign purchases of long−term U.S. securities were $70.3 billion, from which $11.8 billion were purchased by foreign private institutions and $58.6 billion were purchased by private investors.
[ Full Story ]- TIC Data for November at US Department of the Treasury
- US November net foreign securities purchases 149.9 bln usd (Thomson Financial News)
- US Nov Net Long−term TIC Flows falls to $90.9b vs $114B in October (FXstreet.com)
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 16 | 13:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.2% | 0.2% | 0.3% |
| Jan 16 | 13:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.4% | - | 2.3% |
| Jan 16 | 13:30 | Consumer Price Index (YoY) | 4.1% | 4.1% | 4.3% |
| Jan 16 | 13:30 | Consumer Price Index (MoM) | 0.3% | 0.2% | 0.8% |
US CPI increases 4.1% on the year on higher food and energy costs (FXstreet.com)
Inflation at consumer level remains at very high levels fuelled by sharp increases in transport, food and alcohol and in energy, core CPI growth remains at more moderate pace, according to the latest report by the US Labor Department.
[ Full Story ]- Consumer Price Index: December 2007 at US Department of Labor
- Inflation jumps in 2007 (Thomson Financial News)
- UPDATE: Dollar Weaker After US Inflation Data (Dow Jones)
- US CPI increases 4.1% on the year on higher food and energy costs − UPDATE (FXstreet.com)
Forex Daily Analysis - 16/01/'08 − U.S. Core CPI & Industrial Production On Tap. by ForexYard
Market Session Snap−Shot - European Session − US Headline CPI Climbs by ACM − Advanced Currency Markets
US: Core inflation stubbornly elevated by Danske Bank A/S
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 16 | 14:15 | US | Capacity Utilization (Dec) | 81.4% | 81.3% | 81.6% |
| 15:30 | US | EIA Crude Oil Stocks | 4.3M | -6.8M | ||
| 18:00 | US | NAHB Housing Market Index (Jan) | 19 | 19 | ||
| 18:55 | EMU | ECB's Trichet Speaks | ||||
| 19:00 | US | Fed's Beige Book | ||||
| 21:45 | NZ | Consumer Price Index (QoQ) (4Q) | 0.5% | |||
| 21:45 | NZ | Food Price Index (MoM) (Dec) | 0.4% | |||