Tuesday, Dec 02, 17:31 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: High-Probability Forex Pattern Trading by James Chen
- All the events of the day in our Economic Calendar
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Forex Blogs
Phil Newton has already the answer!
Ok folks now that everyone's head is throbbing with this the answer.
Drum roll…. (insert own sound effects)
Visit the blog!
Forex Trading Today: Hey!…isn’t that Godzilla? by Tim Salem
FX Market Readings: Volatile moves to prevail for a day by Dr. S. Sivaraman
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Dec 3, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Dec 3, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Dec 2, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Dec 3, 10:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Dec 3, 11:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Dec 3, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Wed, Dec 3, 14:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN |  |
Current Session: U.S.
GBP/USD
GBP USD broke 1,5000 resistance
Mataf.net − 1,5052. GBP USD broke 1,5000 resistance. The volatility is high. Bollinger bands are deviated. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should continue to move in Bollinger bands. We won't take a position.
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USD/JPY
Mid−Day Forex Technical Report − Dollar and Yen Retreats as Stocks Recover from Yesterday's Loss by ActionForex.com
USD/JPY recovers mildly after hitting 92.64 earlier today. Though, at this point, intraday bias remains on the downside as long as 94.25 minor resistance holds.
USD/CHF
Special Focus − USDCHF: Rally Off The 0.9639 Level Set To Strengthen Further by FXTechstrategy
While USDCHF put in a negative weekly close the past week, it remains suggestive of a corrective pullback of its current medium term uptrend started at the 0.9639 level.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Dec 3 | 09:00 | Purchasing Manager Index Services | 43.3 | 45.8 |
EMU economic indicators - EMU PMI: No revision expected by BHF−Bank
German retail sales probably remained unchanged in October, as retailers' business assessment improved and consumer confidence deteriorated. We do not expect any significant revisions for the final PMI indices for November, nor for EMU GDP in Q3 2008.
[ Full Story ]Top Market Movers Review
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 2 | 10:00 | Producer Price Index (YoY) | 6.3% | 7.1% | 7.9% |
| Dec 2 | 10:00 | Producer Price Index (MoM) | -0.8% | -0.2% | -0.2% |
DATA SNAP: Euro−Zone Producer Prices Post Record Drop In Oct (Dow Jones)
Euro−zone producer prices fell at their sharpest rate on record in October following another big drop in energy costs, paving the way for the European Central Bank to cut interest rates again this week, official data showed Tuesday.
[ Full Story ]- UPDATE: Euro−Zone Producer Prices Post Record Drop In Oct (Dow Jones)
- UPDATE 1−Euro zone Oct PPI falls, backs case to slash rates (Thomson Financial News)
- INSTANT VIEW 3−Euro zone Oct producer prices drop 0.8 pct m/m (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar and Yen Retreats as Stocks Recover from Yesterday's Loss by ActionForex.com
Why the Euro Is Set to Fall Further ... by Money and Markets
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 2 | 10:00 | EMU | Producer Price Index (YoY) (Oct) | 6.3% | 7.1% | 7.9% |
| 16:30 | US | Treasury Secretary Paulson speech | ||||
| 22:00 | US | ABC/Washington Post Consumer Confidence (Nov 30) | -52 | |||
| Dec 3 | 00:01 | UK | Nationwide Consumer Confidence (Nov) | 54 | 55 | |
| 00:30 | AU | Gross Domestic Product (QoQ) (3Q) | 0.2% | 0.3% | ||
| 00:30 | AU | Gross Domestic Product (YoY) (3Q) | 1.9% | 2.7% | ||
| 02:00 | NZ | ANZ Commodity Price (Nov) | -7.4% | |||