Tuesday, Jan 22, 16:13 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinars VIDEOS: Weekly Technical Briefing by Dan Blystone
- The Forex Journal: 14 Top Experts Analysing the Forex Market
- Questions about Forex trading? FXWizard has the answers
- MONTHLY WEBINAR with Rob Booker on Thursday 24th
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Live Sessions Schedule
FX Instructor Live Trading Rooms
Expert: Sunil Mangwani
Start: Wed, Jan 23, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − A Look at the Carry Trade
Expert: Tony Juste
Start: Wed, Jan 23, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jan 22, 16:00 GMT | Trading with Autochartist | Raghee Horner | WBN |  |
| Tue, Jan 22, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Jan 23, 10:00 GMT | FX Instructor Live Trading Rooms | Sunil Mangwani | WBN | |
| Wed, Jan 23, 11:00 GMT | What Moves Currencies? − A Look at the Carry Trade | Tony Juste | WBN | |
| Wed, Jan 23, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Markets Reverse after Fed's Emergency 75bps cut by ActionForex.com
EUR/USD rebounds strongly in US session and break of 1.4508 minor resistance indicates that an intraday low is at least formed. Bias is flipped back to the upside for 4 hours 55 EMA (now at 1.4648). But note that as long as 1.4715 cluster resistance holds (61.8% retracement of 1.4921 to 1.4365 at 1.4709) holds, short term outlook is neutral at best.
- Webinars Video − Strategies for Long Term Profits in the Forex 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 Forex Forecast − EUR/USD has reversed heavily towards 1.4600 by FXDream
Currencies at a Glance
- EUR/USD
- Continues to move up towards second resistant level 1.4684
01/22/2008 16:07 GMT - GBP/USD
- Continues to move up towards second resistant level 1.9635
01/22/2008 16:07 GMT - USD/CHF
- Continues to move down towards second support level 1.0937
01/22/2008 16:07 GMT - USD/JPY
- Continues to move up above first resistant level 106.74
01/22/2008 16:07 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 ABC CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Jan 22 | 22:00 | ABC Consumer Confidence | - | -24 |
Special Coverage - US Recession? by FXstreet.com
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "How is the consumer responding to the current economic uncertainty? The indicator will surely give us an idea where the US consumer confidence is and what to expect in the months ahead." − FXstreet.com
Top Market Movers Review
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 22 | 13:20 | Fed Interest Rate Decision | 3.50% | - | 4.25% |
U.S FOMC: Aggressive cut by 75bp to 3.5% by Danske Bank A/S
Today at 14:20 CET the Federal Open Market Committee (FOMC), announced that it was lowering the Fed funds rate aggressively by 75bp to 3.50%. This happened on the back of market speculation of inter−meeting Fed action during the day.
[ Full Story ]- Read the FOMC statement at the Fed
- FOCUS Fed cuts target funds rate to 3.50 pct in wake of global market crash (Thomson Financial News)
- Fed funds futures suggest another rate cut next week a near certainty (Thomson Financial News)
- Forex − Dollar weakens after rate cut, other central bank reactions eyed (Thomson Financial News)
- Tony Juste, FX advisor at FXstreet.com: "Wow, only seen before after 9/11, the Fed takes a huge step in lowering interest rates. GBP, EUR, CHF soar on the news, but again (and this is what you need to take into account), all pairs, after reaching extreme levels, have retraced big time in a very good technical move." − FXstreet.com
Mid−Day Forex Technical Report − Markets Reverse after Fed's Emergency 75bps cut. by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 22 | 14:00 | CA | BoC Interest Rate Announcement (Jan) | 4.00% | 4.00% | 4.25% |
| 15:00 | US | Richmond Fed Manufacturing Index (Jan) | -8 | -4 | ||
| 20:10 | UK | BOE Governor King Speaks | ||||
| 22:00 | US | ABC Consumer Confidence (Jan 20) | -24 | |||
| 23:30 | AU | Westpac Leading Index (MoM) (Nov) | 0.5% | |||
| Jan 23 | 00:30 | AU | Consumer Price Index (QoQ) (4Q) | 1.0% | 0.7% | |
| 00:30 | AU | Consumer Price Index (YoY) (4Q) | 3.0% | 1.9% | ||