Wednesday, Feb 20, 16:49 GMT
ASIA-PACIFIC Trading Newsletter
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- The Advisor Weblog: At the close
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- Releasing the Code to the Schaff Trend Cycle by Doug Schaff
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Feb 20, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
MONTHLY WEBINAR: Strategic & Tactical FOREX Trading (Part 1)
Expert: Wayne McDonell
Start: Thu, Feb 21, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Feb 20, 17:00 GMT | Trading with Bollinger Bands and the ATR  | Chris Capre | WBN |  |
| Wed, Feb 20, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Feb 21, 14:00 GMT | MONTHLY WEBINAR: Strategic & Tactical FOREX Trading (Part 1) | Wayne McDonell | WBN | |
| Thu, Feb 21, 16:00 GMT | MONTHLY WEBINAR: Strategic & Tactical FOREX Trading (Part 2) | Wayne McDonell | WBN | |
| Fri, Feb 22, 11:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN |  |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − Dollar Surges on Stronger than Expected Data, FOMC Minutes Awaited by ActionForex.com
Cable dives further to as low as 1.9361 in early US session. Break of 1.9386 confirms that fall from 1.9957 has resumed. At this point, intraday bias remains on the downside as long as 1.9444 minor resistance holds. Further decline is expected to 1.9337 low first. As discussed before, whole down trend from 2.1161 could have already resumed and break of 1.9337 will encourage further decline to next downside target of 1.9183 medium term support.
- Trading Gaps in the Forex 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
Currency Majors Technical Analysis by Mataf.net
Top Market Movers Preview
US FOMC MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Feb 20 | 19:00 | FOMC Minutes | - | - |
Daily Forex Outlook - RBA considered a 50 point hike. US CPI and FOMC minutes of key importance by Easy Forex
Although, focus will soon shift to the FOMC minutes of the Jan 30 meeting in which the members voted for a 50bps cut, for any indication of monetary policy outlooks.
[ Full Story ]Daily Forex Technical Report − An Eventful Day with BoE & FOMC Minutes, Plus US CPI & Housing by ActionForex.com
Top Market Movers Review
US HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 20 | 13:30 | Building Permits (MoM) | 1.048M | 1.050 | 1.080M |
| Feb 20 | 13:30 | Housing Starts (YoY) | 1.012M | 1.010M | 1.004M |
DATA SNAP: US Jan Housing Starts Up First Time In 3 Months (Dow Jones)
Home construction rose in January, but the increase was slight and a sign of future groundbreakings fell to the lowest point in 16 years, suggesting more pain ahead for the housing sector.
[ Full Story ]- Read the Housing Starts data at Census Bureau
- UPDATE U.S. January housing starts up 0.8% to 1.012 million unit annual rate (Thomson Financial News)
- US Housing starts increase in January; Building permits weaken further (FXstreet.com)
- CORRECT: US Building Permits Fell 3.0% In Jan, Not Dec (Dow Jones)
Mid−Day Forex Technical Report − Dollar Surges on Stronger than Expected Data, FOMC Minutes Awaited by ActionForex.com
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 20 | 13:30 | Consumer Price Index (MoM) | 0.4% | 0.3% | 0.4% |
| Feb 20 | 13:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.3% | 0.2% | 0.2% |
| Feb 20 | 13:30 | Consumer Price Index (YoY) | 4.3% | 4.2% | 4.1% |
| Feb 20 | 13:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.5% | 2.4% | 2.4% |
DATA SNAP: US Core Inflation Jump Poses Dilemma For Fed (Dow Jones)
U.S. consumer prices accelerated across the board last month, a worrisome sign for Federal Reserve officials who must balance a sharp slowdown in economic activity with stubbornly elevated price pressures.
[ Full Story ]- Read the Consumer Price Index data at Labor Department
- GBP/USD: The Dollar surged after CPI data (FXstreet.com)
- Forex − Dollar spikes higher after faster−than−expected rise in US CPI UPDATE (Thomson Financial News)
- Dollar Hits Intra−Day High Vs Euro After US CPI Data (Dow Jones)
Wakeup Call on Forex Markets - It's All About US CPI Today by Saxo Bank
US economic indicators - Core consumer prices will probably have risen moderately in January by BHF−Bank
Currencies at a Glance
- EUR/USD
- Trades around first support level 1.4659
02/20/2008 16:18 GMT - GBP/USD
- Trades around second support level 1.9406
02/20/2008 16:19 GMT - USD/CHF
- Trades around first resistant level 1.1007
02/20/2008 16:20 GMT - USD/JPY
- Stays above pivot level 107.75
02/20/2008 16:21 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 20 | 13:30 | US | Consumer Price Index Ex Food & Energy (YoY) (Jan) | 2.5% | 2.4% | 2.4% |
| 13:30 | US | Housing Starts (YoY) (Jan) | 1.012M | 1.010M | 1.004M |
|
| 19:00 | US | FOMC Minutes (Jan 30) | ||||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Jan) | ¥926.6B | ¥640.0B | ||
| 23:50 | JP | All Industry Activity Index (MoM) (Dec) | 0.2% | -0.5% | ||
| 23:50 | JP | Merchandise Trade Balance Total (Jan) | ¥20.9B | ¥877.0B | ||
| Feb 21 | 00:30 | AU | New Motor Vehicle Sales (MoM) (Jan) | 1.1% | ||