Wednesday, Dec 10, 16:45 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: Advanced Forex Trading: Momentum Versus Reversals Within Indicators by Mark Whistler
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Usd/Jpy follow up by Valeria Bednarik
Usd/Jpy is quite boring this days as it's stuck to the 92.50 zone, moving in a quite contained range: still bearish for me, the pair seems a bit "tired" in daily charts still with no signs of trend definition.
FX Market Readings: Today’s sentiments for the majors - 10 Dec. by Dr. S. Sivaraman
FxBootcamp: [url]FOREX Training Video
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Dec 10, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
Tracking the forex market together / Part I − Free Access Day
Expert: Dr.S.Sivaraman
Start: Thu, Dec 11, 10:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Dec 10, 17:00 GMT | Obamanomics 2009: How to Survive and Prosper in Accelerating Credit Bubble Crisis Ahead | John W. O'Donnell | WBN |  |
| Wed, Dec 10, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Dec 11, 10:00 GMT | Tracking the forex market together / Part I − Free Access Day | Dr.S.Sivaraman | WBN | |
| Thu, Dec 11, 12:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
| Thu, Dec 11, 13:00 GMT | Tracking the forex market together / Part II − Free Access Day | Dr.S.Sivaraman | WBN | |
Current Session: U.S.
USD/CHF
Dollar Sold off, Head and Shoulder Top Completed?
USD/CHF's fall from 1.2248 continues as expected and dips below 1.2 level again. As discussed before, corrective rise from 1.1828 is probably completed at 1.2248 already. Below 1.1924 support will confirm that rebound from 1.1828 is merely part of consolidation that started from 1.2296 and will bring deeper fall to 1.1828 support or below to complete such consolidation. Though, downside is expected to be contained by 1.1746 cluster support (50% retracement of 1.1208 to 1.2296 at 1.1752) and bring strong rebound. On the upside, above 1.2176 will flip intraday back to the upside for retesting 1.2296 high.
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EUR/USD
Weekly Technical Strategist − EURUSD: Range Trading Continues To Persist by FXTechstrategy
Range Trading Continues To Persist− Price action continues to be confined to the 1.2330 and 1.3298 levels which constitute the broader the range.
GOLD
Technical Outlook − GOLD(1s t . F u t u r e ) − Gold rush by Danske Bank A/S
After a Morning Star like formation in November indicating a strong bottom reversal Gold has been trading in a bullish trend. A correction the past 8 days seems to be over and gives potential for further upside with a target at around 874.30
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
Switzerland SNB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Dec 11 | 08:30 | SNB Interest Rate Decision | 0.5% | 1.0% |
Trading News Report - USD/CHF: Trading the Swiss National Bank Interest Rate Decision by FXCM
The SNB interest rate decision could weigh on the Swiss franc as the central bank is widely expected to lower the 3−month target LIBOR rate by another 50bp to 0.50% amid the extraordinary efforts taken on by Governor Jean−Pierre Roth.
[ Full Story ]Top Market Movers Review
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 10 | 15:00 | Wholesale Inventories | -1.1% | 0.1% | -0.4% |
DATA SNAP: US Wholesale Inventories Below Expectations (Dow Jones)
U.S. wholesale inventories fell far below expectations during October as demand collapsed amid the slumping economy. Wholesale inventories decreased by 1.1% compared to the prior month, falling to a seasonally adjusted $438.18 billion, after dropping a revised 0.4% in September, the Commerce Department said Wednesday.
[ Full Story ]- Read the Wholesale Inventories data at Census Bureau
- CORRECTED−US Oct wholesale inventories fall most in 7 years (Thomson Financial News)
- UPDATE 1−US Oct wholesale inventories fall most in 7 years (Thomson Financial News)
- US Oct wholesale inventories slip to 7−year low (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar Sold off, Head and Shoulder Top Completed? by ActionForex.com
US economic indicators - Wholesale inventories are likely to have dropped by BHF−Bank
Canada LABOR PRODUCTIVITY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 10 | 13:30 | Labor Productivity (QoQ) | 0.0% | 0.1% | -0.2% |
Canada labour productivity unchanged in the 3Q, labour costs increase (FXstreet.com)
Labour productivity remained flat in the third quarter of the year in Canada, extending weakness that started in the second quarter last year, according to data released by Statcan.
[ Full Story ]- Read the Labor Productivity data at Statistics Canada
- UPDATE 1−Canada productivity flat in Q3 2008 (Thomson Financial News)
- Canada Labor Productivity remains flat in the 3Q (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 10 | 15:00 | US | Wholesale Inventories (Oct) | -1.1% | 0.1% | -0.4% |
| 15:35 | US | EIA Crude Oil Stocks change (Dec 5) | 0.4M | -0.2 | -0.4M | |
| 19:00 | US | Monthly Budget Statement (Nov) | -176.0B | -237.2B | ||
| 21:30 | NZ | Food Price Index (MoM) (Nov) | -0.3% | |||
| Dec 11 | 00:00 | AU | Consumer Inflation Expectation (Dec) | 3.3% | ||
| 00:30 | AU | Employment Change (Nov) | -15.0K | 34.3K | ||
| 00:30 | AU | Unemployment Rate (Nov) | 4.4% | 4.3% | ||