Thursday, Dec 11, 17:20 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: Trading Range bound and Trending Markets by Adam Rosen
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: EUR/USD − Beginnings of a Bullish Reversal? by James Chen
As of early Thursday morning in New York, EUR/USD has made a substantial bullish stride to launch off the support base that has been developing for quite some time now.
The Advisor Blog: More pressure on dollar by Valeria Bednarik
FX Market Readings: Today's sentiments for the majors - 11 Dec by Dr. S. Sivaraman
Live Sessions Schedule
Live Look at Today's Markets − Free Access Day
Expert: Derek Frey
Start: Thu, Dec 11, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Fri, Dec 12, 08:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Dec 11, 18:00 GMT | Live Look at Today's Markets − Free Access Day | Derek Frey | WBN | |
| Fri, Dec 12, 08:30 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Fri, Dec 12, 09:00 GMT | Live Trading and Analysis in the Forex Markets  | Sam Seiden | WBN | |
| Fri, Dec 12, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
| Fri, Dec 12, 11:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN |  |
Current Session: U.S.
EUR/USD
Dollar's Fall Continues, EUR/USD Powers Through 1.32
ActionForex.com − EUR/USD's rally extends further to as high as 1.3272 today and at this point, intraday bias remains on the upside as long as 1.3080 minor support holds. Current rise from 1.2549 is expected to extend further to above 1.3290, possibly to 100% projection of 1.2329 to 1.3290 from 1.2549 at 1.3510. However, note that price actions from 1.2329 is still viewed as consolidation in the larger medium term down trend only, upside is still expected to be limited below 1.3768 cluster resistance (38.2% retracement of 1.6038 to 1.2329 at 1.3746) and bring down trend resumption.
.
USD/JPY
Technical Summary for Majors − Correction higher off 91.58 by Windsor Brokers Ltd
Correction higher off 91.58, 05 Dec higher low, stalled at 93.90, to leave a lower top, ahead of continuation of a longer−term downtrend.
USD/CAD
Detroit Spoils Dollar Party by CMC Markets
USDCAD continues its downward course in line with the weeks CAD analysis as the combination of improved risk appetite and higher commodities removes obstacles from CAD bulls.
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 INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Dec 12 | 10:00 | Industrial Production w.d.a. (YoY) | - | -2.4% |
| Dec 12 | 10:00 | Industrial Production s.a. (MoM) | - | -1.6% |
EMU economic indicators - EMU industrial production (October): down by BHF−Bank
Output in the German producing sector, French, Italian and overall EMU industrial production are all likely to have declined in October, since most of the correlated indicators dropped.
[ Full Story ]Top Market Movers Review
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 11 | 13:30 | Continuing Jobless Claims | 4429K | - | 4087K |
| Dec 11 | 13:30 | Initial Jobless Claims | 573K | 530K | 515K |
US initial jobless claims increase to historic levels (FXstreet.com)
U.S. labour market is worsening fast as the economical downturn translates in larger volumes of unemployment claims each weeks, as is the case of the week of December the 5th, as jobless claims volume has soared.
[ Full Story ]- Read the Jobless Claims data at Labor Department
- TREASURIES−Prices up on jobless claims jump, auto fears (Thomson Financial News)
- WRAPUP 1−U.S. jobless claims hit 26−year high (Thomson Financial News)
- UPDATE−U.S. weekly jobless claims jump to 26−year high (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar's Fall Continues, EUR/USD Powers Through 1.32 by ActionForex.com
Market Session Recaps - London Session by FOREX.com
Daily Forex Technical Report − Euro Leads Rebound against Dollar, SNB to Cut Again by ActionForex.com
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 11 | 13:30 | Trade Balance | -$57.19B | -$53.50B | -$56.56B |
DATA SNAP: US Trade Gap Unexpectedly Widens In Oct (Dow Jones)
The U.S. trade deficit unexpectedly widened in October, rising for the first time in three months as a record increase in quantity of oil imported offset falling oil prices and plunging car purchases.
[ Full Story ]- Read the Trade Balance data at Census Bureau
- INSTANT VIEW 3−US jobless claims rise; trade gap widens (Thomson Financial News)
- US trade gap widens, imports from China set record (Thomson Financial News)
- INSTANT VIEW 2−US jobless claims rise; trade gap widens (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar's Fall Continues, EUR/USD Powers Through 1.32 by ActionForex.com
US economic indicators - Trade deficit (October): significantly narrower mainly due to plunge in oil prices by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 11 | 13:30 | US | Import Price Index (MoM) (Nov) | -6.7% | -4.6% | -4.7% |
| 13:30 | US | Initial Jobless Claims (Dec 5) | 573K | 530K | 515K |
|
| 21:45 | NZ | Retail Sales (MoM) (Oct) | 0.0% | 0.1% | ||
| 21:45 | NZ | Retail Sales ex Autos (MoM) (Oct) | 0.8% | -0.5% | ||
| Dec 12 | 04:30 | JP | Capacity Utilization (Oct) | 1.6 | ||
| 04:30 | JP | Industrial Production (MoM) (Oct) | 1.1% | |||
| 04:30 | JP | Industrial Production (YoY) (Oct) | 0.2% | |||