Friday, Dec 12, 16:48 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
The Trader's Edge: AUD/USD − Friends From Down Under by Ross Yamashita
As you can see, we have pulled up a AUD/USD Daily chart. We can see a nice top back in July/August and a nice, trending movement downward. We have labelled the charts with our count of this momement. You can see wave "B" tested the bottom (labelled "3") but did not break it.
The Advisor Blog: Majors´s sentiment for today by Valeria Bednarik
FX Market Readings: Traders are bullish for players to book profit by Dr. S. Sivaraman
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Dec 15, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
The Forex Basic Training Program − Chapter X: Graduation!
Expert: Wayne McDonell
Start: Mon, Dec 15, 11:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Dec 12, 16:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| Mon, Dec 15, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Dec 15, 11:00 GMT | The Forex Basic Training Program − Chapter X: Graduation! | Wayne McDonell | WBN | |
| Mon, Dec 15, 14:00 GMT | Recognizing the Gaps | Carlos Rocha | WBN | |
| Mon, Dec 15, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Yen Stabilizes from Earlier Volatility
ActionForex.com − USD/JPY recovers after diving to as low as 88.54 earlier today. But still intraday bias remains on the downside as long as 91.15 minor resistance holds. Strong break of 90.92 low confirms that decline from 110.66 has resumed for next target of 100% projection of 124.13 to 95.77 from 110.66 at 82.3. On the upside, while some recovery might be seen, break of 93.90 resistance is needed to indicate that a bottom is in place. Otherwise, short term risks remain on the downside.
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GBP/USD
Market Session Recaps − London Session by FOREX.com
GBP/USD shed −90 pips despite the weakness in the buck and despite the Confederation of British Industry's monthly survey of UK manufacturers showing total orders improving to −35 in December from −38 previously.
NATURAL GAS
Natural Gas Technical Outlook by Oil N' Gold
Natural Gas' recovery was limited at 5.792 and recent decline is possibly resuming now. Below 5.458 will bring decline towards next target of 5.192 long term support (138.2% projection of 7.36 to 6.054 from 6.978 at 5.173).
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
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Dec 15 | 14:15 | Industrial Production (MoM) | - | 1.3% |
| Dec 15 | 14:15 | Capacity Utilization | - | 76.4% |
Friday Notes - Slump in the manufacturing sector persists by HVB Group
A sharp slide in the Fed's diffusion index for October had already signaled mounting weakness in the IPI. November's ISM production index drop was also ominous. But mining, which includes natural gas and petroleum extraction, continued to bounce back from earlier storm disruptions.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 12 | 15:00 | Reuters/Michigan Consumer Sentiment Index | 59.1 | 55.0 | 55.3 |
US economic indicators - UMI consumer sentiment (December): still at a low level by BHF−Bank
The University of Michigan's (UMI) final November consumer sentiment was revised down from 57.9 to 55.3, indicating that late respondents were much more pessimistic. In addition, the latest weekly ABC consumer comfort poll declined further from –52 to –54. We thus forecast that UMI preliminary December consumer sentiment will drop to 54.0.
[ Full Story ]- UPDATE: Reuters/Univ Mich Sentiment Index Higher In Mid Dec (Dow Jones)
- UPDATE: Reuters/Univ Mich Sentiment Index Higher In Mid Dec (Dow Jones)
- INSTANT VIEW 1−US consumer sentiment improves in Dec (Thomson Financial News)
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 12 | 13:30 | Retail Sales ex Autos (MoM) | -1.6% | -1.7% | -2.4% |
| Dec 12 | 13:30 | Retail Sales (MoM) | -1.8% | -1.8% | -2.9% |
DATA SNAP: US Nov Retail Sales Above Expectations (Dow Jones)
U.S. retail sales fell in November because of lower demand for cars and falling gasoline prices, but the decline was milder than expected as consumers boosted spending for clothes, electronics, food, and furniture. Retail sales dropped by 1.8% last month, the Commerce Department said Friday.
[ Full Story ]- Read the Retail Sales data at Census Bureau
- WRAPUP 2−U.S. retail sales drop for 5th month, sentiment up (Thomson Financial News)
- WRAPUP 1−U.S. retail sales drop for fifth straight month (Thomson Financial News)
- UPDATE 1−U.S. retail sales drop again in November (Thomson Financial News)
Trading News Report - EUR/USD: Trading the U.S. Advance Retail Sales Release by FXCM
Daily Market Briefing - US Dollar Declines May Continue as US Retail Sales are Expected to Fall for 5th Straight Month by FXCM
Retail Sales and PPI Could Drive Dollar Back to 13 Yr Lows by GFT (Global Forex Trading)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 12 | 15:00 | US | Business Inventories (Oct) | -0.6% | -0.1% | -0.2% |
| 15:00 | US | Reuters/Michigan Consumer Sentiment Index (Dec)  | 59.1 | 55.0 | 55.3 | |
| Dec 14 | 23:50 | JP | Tankan Large All Industry Capex (4Q) | -1% | ||
| 23:50 | JP | Tankan Large Manufacturing Index (4Q) | -3 | |||
| 23:50 | JP | Tankan Large Manufacturing Outlook (4Q) | -4 | |||
| 23:50 | JP | Tankan Non − Manufacturing Index (4Q) | 1 | |||
| 23:50 | JP | Tankan Non − Manufacturing Outlook (4Q) | -1 | |||