Monday, Dec 15, 16:52 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 − Continued Bullishness by James Chen
As noted on this blog last Thursday ("Beginnings of a Bullish Reversal?"), the EUR/USD bulls were targeting the 1.3550 region, a significant support/resistance level. As of early Monday morning in New York, that level has indeed been reached.
FX Market Readings: Gap time rise by Dr. S. Sivaraman
The Advisor Blog: Usd/Jpy fighting between trend and intervention by Valeria Bednarik
Live Sessions Schedule
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Dec 15, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Dec 16, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Dec 15, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Tue, Dec 16, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Dec 16, 14:00 GMT | The USD and the Dow | Adam Rosen | WBN |  |
| Tue, Dec 16, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Dec 16, 18:30 GMT | Live Coverage of FOMC US Interest Rate Announcement | Jerry Furst | WBN | |
Current Session: U.S.
EUR/USD
Euro Extends Strength, Dollar Extends Weakness
ActionForex.com − EUR/USD's rise continues in early US session and reaches as high as 1.3585 so far, taking out mentioned 100% projection of 1.2329 to 1.3290 from 1.2549 at 1.3510. At this point, intraday bias remains on the upside as long as 1.3430 minor support holds. Focus now turns to 1.3768 cluster resistance. On the downside, below 1.3430 minor support will turn intraday outlook neutral first. But another rise is still in favor as long as 1.3250 support holds.
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EUR/PLN
Technical Analysis: Currencies − EUR/PLN by Mizuho Corporate Bank
Another victim of de−leveraging, the Polish zloty has weakened against the Euro (and the dollar, sterling and Yen) as non−core assets are sold to re−capitalise banking and business.
USD/CHF
Currency Majors Technical Analysis − USD CHF is in an downtrend directed by 1H exponential moving averages by Finotec Group Inc.
1,1693. USD CHF is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration.
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 MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Dec 16 | 09:00 | Purchasing Manager Index Services | 41.5 | 42.5 |
| Dec 16 | 09:00 | Purchasing Manager Index Manufacturing | 34.5 | 35.6 |
EMU economic indicators - PMI manufacturing indices Germany and EMU (December): down by BHF−Bank
For similar reasons, French business confidence and the Purchasing Managers' Index for the German and EMU manufacturing sector will probably have continued deteriorating in December. The EMU trade balance is likely to have improved in October, like the corresponding German figure.
[ Full Story ]Top Market Movers Review
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 15 | 14:15 | Industrial Production (MoM) | -0.6% | -0.8% | 1.5% |
| Dec 15 | 14:15 | Capacity Utilization | 75.4% | 75.7% | 76.0% |
US Nov Industrial Production −0.6%; Consensus −0.6% (Dow Jones)
Production by U.S. industries retreated in November, with a range of sectors suffering declines in output. Industrial production decreased 0.6% compared with the month before, the Federal Reserve said Monday. Production rose an upwardly revised 1.5% in October; originally, October output was seen up 1.3%.
[ Full Story ]- Read the Industrial Production data at the Fed
- UPDATE 1−U.S. Nov industrial production dips 0.6 pct (Thomson Financial News)
- WRAPUP 1−US factories, industry show more weakness (Thomson Financial News)
- Table Of Data On US Capacity Utilization (Dow Jones)
Mid−Day Forex Technical Report − Euro Extends Strength, Dollar Extends Weakness by ActionForex.com
Friday Notes - Slump in the manufacturing sector persists by HVB Group
US NY EMPIRE STATE MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 15 | 13:30 | NY Empire State Manufacturing Index | -25.76 | -27.00 | -25.43 |
NY Fed's Dec Mfg Index −25.76 Vs −25.43 In Nov (Dow Jones)
The Federal Reserve Bank of New York's Empire Manufacturing Survey fell to a record low in December, the fourth consecutive decline. New York manufacturing activity worsened to the lowest level in history on the seven−year−old business conditions index.
[ Full Story ]- Read the Manufacturing Index data at NY Fed
- TREASURIES−Long−dated prices rise after weak N.Y. Fed data (Thomson Financial News)
- NY Fed manufacturing hits record low in December (Thomson Financial News)
- NY Fed manufacturing hits record low in December (Thomson Financial News)
Trading News Report - EUR/USD: Trading the U.S. Empire Manufacturing Release by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 15 | 14:15 | US | Capacity Utilization (Nov) | 75.4% | 75.7% | 76.0% |
| 14:15 | US | Industrial Production (MoM) (Nov) | -0.6% | -0.8% | 1.5% |
|
| 17:30 | EMU | ECB Trichet's Speech (Nov) | ||||
| 18:00 | US | NAHB Housing Market Index (Dec) | 9 | 9 | ||
| 23:50 | JP | Tertiary Industry Index (MoM) (Oct) | -0.2% | -0.6% | ||
| Dec 16 | 00:30 | AU | Dwelling Starts (3Q) | -3.7% | ||
| 00:30 | AU | RBA Meeting's Minutes (Dec) | ||||