Wednesday, Apr 16, 15:57 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: Technical Analysis Bootcamp: The indicators you need to know and how to interpret them by Dan Blystone
- Europe Session Performance by FXstreet.com
- FOREX Video: News Trade Alert by Wayne McDonell
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Apr 16, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
MONTHLY WEBINAR: Conversations with a Pro Trader − Part I
Expert: Andrei Pehar
Start: Thu, Apr 17, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Apr 16, 16:00 GMT | Trend Trading − Part 2: Determine Best Studies To Use In Establishing Trend Following Trading System  | Don Wilcox | WBN |  |
| Wed, Apr 16, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Apr 17, 13:00 GMT | MONTHLY WEBINAR: Conversations with a Pro Trader − Part I | Andrei Pehar | WBN |  |
| Thu, Apr 17, 15:00 GMT | MONTHLY WEBINAR: Conversations with a Pro Trader − Part II | Andrei Pehar | WBN | |
| Fri, Apr 18, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
Current Session: U.S.
AUD/USD
Mid−Day Forex Technical Report − Dollar Tumbles Further after Weaker than Expected Housing Data by ActionForex.com
AUD/USD's stronger rally and break of 0.9345 resistance today indicates that rise from 0.8953 has resumed. At this point, intraday bias remains on the upside as long as 0.9312 minor support holds. Note that break of 0.9345 reaffirms the case that correction from 0.9496 has completed at 0.8953 already. Further rally is now expected to retest 0.9496 high.
- Longer−term Support and Resistance Trading: Setups and Rules by Rob Booker, Founder and Host TraderRadio.net
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
FX' Signal
Trade Signals − Matsys D Trade Signals by Fxwintrades
Currencies at a Glance
- EUR/USD
- Trades above second resistant level 1.5929
04/16/2008 15:53 GMT - GBP/USD
- Back below first resistant level 1.9742
04/16/2008 15:54 GMT - USD/CHF
- Trades around first support level 0.9985
04/16/2008 15:54 GMT - USD/JPY
- Back around pivot level 101.49
04/16/2008 15:54 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 | |
| Apr 16 | 18:00 | Fed's Beige Book | - | - |
Daily Forex Commentary - Fed's Beige Book in the pipeline by Jyske Bank
Stock markets in the US rallied yesterday led by financial and energy shares as oil prices remains around record highs and regional banks in the US reported on better than forecast earnings for the first quarter. Hence JPY and the CHF weakened thereby erasing most of the gains made over the past two days.
[ Full Story ]Top Market Movers Review
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 16 | 12:30 | Consumer Price Index (MoM) | 0.3% | 0.3% | 0.0% |
| Apr 16 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.2% | 0.2% | 0.0% |
| Apr 16 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.4% | 2.4% | 2.3% |
| Apr 16 | 12:30 | Consumer Price Index (YoY) | 4% | 4% | 4% |
DATA SNAP: US Consumer Prices Rebound On Rising Oil Prices (Dow Jones)
U.S. consumer prices rebounded in March on the back of rising oil prices, a government report showed, a sign of growing concern for Federal Reserve policy makers in the midst of an easing cycle aimed at calming troubled financial markets.
[ Full Story ]- Read the Consumer Price Index data at Labor department
- Euro hits new all−time high of $1.5968 after soft US economic data (Thomson Financial News)
- Dollar Drops To Fresh Record Low Vs Euro On Inflation Data (Dow Jones)
- U.S. stock futures get a further lift after CPI, housing starts data (Thomson Financial News)
Market Session Snap−Shot - Asian Session − Inflation Watch by ACM − Advanced Currency Markets
Wakeup Call on Forex Markets - Look out for CPI and JPM Earnings today by Saxo Bank
Currency and Stock Markets Weekly Outlook - The week ahead: inflation and other monthly reports by X−Trade Brokers, XTB
US HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 16 | 12:30 | Building Permits (MoM) | 927K | 970K | 984K |
| Apr 16 | 12:30 | Housing Starts (YoY) | 947.000K | 1.020M | 1.075M |
DATA SNAP: US Mar Housing Starts Pace Below Expectations (Dow Jones)
Home construction plummeted during March, dropping to its lowest level in 17 years, the government said Wednesday in a report signaling the housing sector will continue slumping.
[ Full Story ]- Read the Housing data at Census Bureau
- U.S. March housing starts down 11.9 pct to 947,000 unit annual rate (Thomson Financial News)
- US Housing starts fall below the 1 million starts per year in March (FXstreet.com)
- US Building Permits fall 5.8% to 927K in Mar (FXstreet.com)
Mid−Day Forex Technical Report − Dollar Tumbles Further after Weaker than Expected Housing Data by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 16 | 13:15 | US | Industrial Production (MoM) (Mar) | 0.3% | -0.1% | -0.7% |
| 14:30 | US | EIA Crude Oil Stocks change (Apr 12) | -1.8 | -3.2M | ||
| 18:00 | US | Fed's Beige Book | ||||
| Apr 17 | 01:30 | AU | RBA Foreign Exchange Transaction (Mar) | 343M | ||
| 04:30 | JP | Capacity Utilization (Feb) | 107.4 | |||
| 04:30 | JP | Industrial Production (MoM) (Feb) | -2.2% | |||
| 04:30 | JP | Industrial Production (YoY) (Feb) | 2.2% | |||