Thursday, Jan 17, 16:59 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
Live Look at Today's Markets − Free Access Day
Expert: Derek Frey
Start: Thu, Jan 17, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Weekly Wrap−Up
Expert: Tony Juste
Start: Fri, Jan 18, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jan 17, 17:00 GMT | Understanding The Limitations of Technical Analysis − Free Access Day | Jason Alan Jankovsky | WBN |  |
| Thu, Jan 17, 18:00 GMT | Live Look at Today's Markets − Free Access Day | Derek Frey | WBN | |
| Fri, Jan 18, 11:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN | |
| Fri, Jan 18, 12:00 GMT | FOREX MASTERY − A Child's Play (Part 1) | Jay Lakhani | WBN | |
| Fri, Jan 18, 15:00 GMT | Live Trading  | Tony Juste | WBN | |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Dollar Still in Range after Dismal Housing Data, Bernanke Next by ActionForex.com
Outlook remains unchanged. A short term low is formed at 105.90 on bullish convergence condition in 4 hours MACD and RSI, after failing 61.8% projection of 114.77 to 107.89 from 110.10 at 105.84.. Further recovery could still be seen as long as 106.46 minor support holds. Break of 108.35 will encourage strong rebound towards 110.10 resistance but upside should be limited there and bring another fall.
- 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:
Market Session Recaps − London Session by FOREX.com
Daily Fx Strategy − Dollar up on Falling Claims, Shrugs Housing Plunge by CMC Markets
Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.4701
01/17/2008 16:21 GMT - GBP/USD
- Moves up toward second resistant level 1.9820
01/17/2008 16:21 GMT - USD/CHF
- Continues to trade around opening price level 1.1004 , above pivot level 1.0955
01/17/2008 16:22 GMT - USD/JPY
- Continues to trade around pivot level 107.16
01/17/2008 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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jan 18 | 09:30 | Retail Sales (YoY) | 3.4% | 4.4% |
| Jan 18 | 09:30 | Retail Sales (MoM) | 0.2% | 0.4% |
Friday Notes - Fed – still a long way to go by HVB Group
After having recovered in November, we expect retail sales to have edged down 0.4% m−o−m in December, in line with indications coming from the British Retail Consortium's retail trade survey published early this week. In Q4, retail sales posted a significant deceleration compared to the previous quarter, indicating that past Bank of England tightening and the financial market crisis are taking their toll on consumers.
[ Full Story ]Top Market Movers Review
US FED'S BERNANKE SPEAKS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 17 | 15:00 | Fed's Bernanke Speaks | - | - | - |
Bernanke endorses quick, temporary, targeted fiscal stimulus (Thomson Financial News)
Federal Reserve Chairman Ben Bernanke told Congress any fiscal stimulus package should be quick, temporary, targeted at maximizing immediate spending and not make the long−term federal budget outlook worse.
[ Full Story ]- Read the Testimony by Chairman Bernanke on the economic outlook
- Bernanke says mortgage securitization positive, but played a role in crisis (Thomson Financial News)
- Bernanke says inflation, growth, market issues 'challenging' (Thomson Financial News)
- Bernanke says permanent tax cuts might help, but quick stimulus more effective (Thomson Financial News)
Market Session Snap−Shot - European Session − Waiting For Bernanke by ACM − Advanced Currency Markets
US HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 17 | 13:30 | Building Permits (MoM) | 1.068M | 1.138M | 1.162M |
| Jan 17 | 13:30 | Housing Starts (YoY) | 1.006M | 1.150M | 1.162M |
US Housing Starts hit another record low in December (FXstreet.com)
The US housing slump does not seem to have a close end, according to the latest housing starts figures, which reached a 16 year low in November, while the building permits, slumped from November, according to data released by the Commerce Department.
[ Full Story ]- New residential construction in December 2007 at Census Bureau
- DATAWATCH December housing starts not at low point, more correction to come (Thomson Financial News)
- Home construction plunged last year (Thomson Financial News)
- US Housing Starts hit another record low in December − UPDATE (FXstreet.com)
Daily Fx Strategy - Dollar up on Falling Claims, Shrugs Housing Plunge by CMC Markets
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 17 | 15:00 | US | Fed's Bernanke Speaks (Dec) | |||
| 15:00 | US | Philadelphia Fed Manufacturing Survey | -20.9 | -1.6 | ||
| 21:45 | NZ | Retail Sales (MoM) (Nov) | -0.7% | |||
| 21:45 | NZ | Retail Sales ex Autos (MoM) (Nov) | -1.1% | |||
| 23:50 | JP | Tertiary Industry Index (MoM) (Nov) | -0.4% | 1.1% | ||
| Jan 18 | 00:30 | AU | Import Price Index (QoQ) (4Q) | -0.8% | ||
| 05:00 | JP | Consumer Confidence (Dec) | 40 | |||