Tuesday, Feb 12, 16:49 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the close
- Webinars VIDEOS: Watch Live Coverage of the US GDP by Jerry Furst
- World Premiere: The Code of the Schaff Trend Cycle indicator revealed at FXstreet.com
- 2008 Forex Market Predictions by Forex.com
- 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
What Moves Currencies? − EUR crosses watch
Expert: Tony Juste
Start: Wed, Feb 13, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Level of Sentiment in the FX Market
Expert: Antonio Sousa
Start: Wed, Feb 13, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Feb 12, 17:00 GMT | Longer−term Support and Resistance Trading: Setups and Rules | Rob Booker | WBN |  |
| Tue, Feb 12, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Feb 13, 10:00 GMT | FX Instructor Live Trading Room | Nader Moustafa | WBN |  |
| Wed, Feb 13, 11:00 GMT | What Moves Currencies? − EUR crosses watch | Tony Juste | WBN | |
| Wed, Feb 13, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
GBP/USD
Technical Summary for Majors − Continues steady recovery from 1.9386 by Windsor Brokers Ltd
Continues steady recovery from 1.9386, 07 Feb higher low, following an earlier sharp reversal from 1.9957, 30 Jan yearly high. Succession of higher lows off 1.9386 keeps short−term bulls in play, with current break above 1.9554/29, today's/11 Feb former highs and 1.9585, opens way for correction towards 1.9633, before leaving possible lower top for fresh downmove. Upside clearance of 1.9633/56 zone would trigger stronger recovery.
- Longer−term Support and Resistance Trading: Setups and Rules by Rob Booker, Currency Analyst Piptopia
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Market Session Recaps − London Session by FOREX.com
Top Market Movers Preview
US ABC CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Feb 12 | 22:00 | ABC Consumer Confidence | - | -27 |
US economic indicators - The trade deficit could have narrowed in December by BHF−Bank
Late respondents were more pessimistic, and thus the preliminary February index is likely to show a decrease. In addition, the weekly ABC consumer comfort poll fell sharply by six points to –33, which was the lowest level since autumn 1993.
[ Full Story ]Top Market Movers Review
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 12 | 10:00 | ZEW Survey − Economic Sentiment | -39.5 | -45.0 | -41.6 |
DATA SNAP: German Feb ZEW Econ Sentiment Unexpectedly Rises (Dow Jones)
Sentiment among German financial analysts and institutional investors unexpectedly rose in February, albeit slightly, but remained near 15−year lows, a survey from the Center for European Economic Research, or ZEW showed Tuesday.
[ Full Story ]- Read the Economic Sentiment data at ZEW
- German ZEW Feb economic expectations index −39.5 pts vs −41.6 in Jan UPDATE (Thomson Financial News)
- UPDATE: German Feb ZEW Econ Sentiment Unexpectedly Rises (Dow Jones)
- German ZEW Feb economic expectations index −39.5 pts vs −41.6 in Jan (Thomson Financial News)
Daily Fx Strategy - Euro ZEW Reprieve Seen Temporary by CMC Markets
EMU economic indicators - German ZEW economic sentiment is expected to decline in February by BHF−Bank
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 12 | 09:30 | Consumer Price Index (MoM) | -0.7% | -0.6% | 0.6% |
| Feb 12 | 09:30 | Core Consumer Price Index (YoY) | 1.3% | 1.5% | 1.4% |
| Feb 12 | 09:30 | Consumer Price Index (YoY) | 2.2% | 2.3% | 2.1% |
UK CPI rises 2.2% on the year in January on petrol prices (FXstreet.com)
Petrol prices have fuelled UK consumer inflation in January, together with food prices, which have pushed yearly CPI somewhat above the Bank of England's upper limit for price stability, according to the latest figures by national Statistics.
[ Full Story ]- Read the report: Petrol prices help inflation rise to 2.2 per cent at National Statistics
- UPDATE: UK CPI +2.2% On Year (Dow Jones)
- Forex − Pound dips as inflation figures come in below expectations UPDATE (Thomson Financial News)
- DATA SNAP: UK CPI +2.2% On Year (Dow Jones)
Daily Forex Commentary - CPI from the UK by Jyske Bank
Currencies at a Glance
- EUR/USD
- Moves up towards second resistant level 1.4620
02/12/2008 16:17 GMT - GBP/USD
- Moves up above second resistant level 1.9606
02/12/2008 16:17 GMT - USD/CHF
- Trades around pivot level 1.1005
02/12/2008 16:17 GMT - USD/JPY
- Continues to move up towards first resistant level 107.61
02/12/2008 16:18 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
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 12 | 19:00 | US | Monthly Budget Statement (Jan) | 32.0B | 38.2B | |
| 21:45 | NZ | Producer Price Index − Input (QoQ) (4Q) | 2.3% | |||
| 21:45 | NZ | Producer Price Index − Output (QoQ) (4Q) | 1.6% | |||
| 22:00 | US | ABC Consumer Confidence (Feb 10) | -27 | |||
| 23:30 | AU | Westpac Consumer Confidence (Feb) | -8.3% | |||
| 23:50 | JP | Adjusted Current Account (Dec) | ¥2164B | |||
| 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (Jan) | 0.0% | 0.4% | ||