Thursday, Dec 18, 17:00 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: Obamanomics 2009: How to Survive and Prosper in Accelerating Credit Bubble Crisis Ahead by John O'Donnell
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: AUD/USD − Exploiting the Interest Differential by James Chen
With the current interest rate differential between the Aussie and USD now at a sizeable 4.00%, the AUD/USD pair (a daily chart of which is shown) is jumping on the dollar−weakening bandwagon. After having just broken out of a triangle consolidation support base, price has now gone on to break a key downtrend resistance line.
FX Market Readings: All talks are about European crosses… by Dr.S. Sivaraman
The Advisor Blog: Eur/Gbp 1 to 1? by Valeria Bednarik
Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Fri, Dec 19, 08:30 GMT
Type of Session: Webinar
Identifying Cycles in the Market
Expert: Valeria Bednarik
Start: Fri, Dec 19, 13:00 GMT
Type of Session: Webinar
Topics
− Practical examples
− Best indicators for trade cycles and triggers explanations.
− Definition of cycles
| Sponsored by | ||||
| Thu, Dec 18, 16:00 GMT | MONTHLY WEBINAR − Part 2: The trend following 200 Moving Average strategy  | Sunil Mangwani | WBN |  |
| Fri, Dec 19, 08:30 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Fri, Dec 19, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
| Fri, Dec 19, 13:00 GMT | Identifying Cycles in the Market | Valeria Bednarik | WBN | |
| Fri, Dec 19, 15:00 GMT | Banging around the Bands | Chris Capre | WBN | |
Current Session: U.S.
USD/JPY
Dollar Recovers Mildly as Markets Digest Recent Sharp Losses
ActionForex.com Team − USD/JPY's recovery from 87.13 breaches 89.24 minor resistance briefly, suggesting that an intraday low in in place. Intraday outlook is turned neutral for the moment and some recovery could be seen. Nevertheless, upside is expected to be limited below 91.57 resistance and bring fall resumption. Below 87.13 will target 100% projection of 124.13 to 95.77 from 110.66 at 82.30.
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EUR/USD
Currency Majors Technical Analysis − EUR USD is in an uptrend supported by 1H exponential moving averages by Mataf.net
1,4626. EUR USD is in an uptrend supported by 1H exponential moving averages. The volatility is high. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration.
CRUDE OIL
Crude Oil Daily Technical Outlook by Oil N' Gold
One important development that some traders might miss is the strength in Swiss Franc. Indeed, the Swissy is so far the top winner this month, even gaining more than Euro.
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
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Dec 19 | 04:00 | BoJ Interest Rate Decision | 0.1% | 0.3% |
| Dec 19 | 04:00 | BoJ's Governor Shirakawa Speech | - | - |
Japan : BoJ preview − Been there, done that! by Danske Bank A/S
We now expect the Bank of Japan (BoJ) to cut its leading O/N target rate by 20bp to 0.1% on Friday when the BoJ announces its interest rate decision following this week's monetary policy meeting.
[ Full Story ]- Read the Rate data at Bank of Japan
- TOPWRAP 6−Norway slashes rates after bold Fed; focus on BOJ (Thomson Financial News)
- TOPWRAP 4−Bold Fed move prompts other cuts; focus on Japan (Thomson Financial News)
Daily FX Commentary - Bank of Japan to take action by Investica Ltd
Hedging Range Trades - Bank of Japan Rate Expectations May Usher Yen Selling Against Pound (Forex Hedging Strategy) by FXCM
Top Market Movers Review
US LEADING INDICATORS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 18 | 15:00 | Leading Indicators (MoM) | -0.4% | -0.5% | -0.8% |
US Conference Board: Nov Leading Index −0.4% (Dow Jones)
The composite index of leading indicators fell 0.4% in November, to 99.0, according to preliminary estimates released Thursday by The Conference Board. The leading index for October was also revised lower to show a drop of 0.9%, instead of the 0.8% drop first reported.
[ Full Story ]- Read the Leading Indicators data at the Conference Board
- UPDATE 1−U.S Nov leading indicator lowest in over 4−years (Thomson Financial News)
- U.S. Conf. Board leading indicator falls 0.4 pct in Nov (Thomson Financial News)
- TABLE−U.S. Nov leading indicators fell 0.4 pct (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar Recovers Mildly as Markets Digest Recent Sharp Losses by ActionForex.com
US economic indicators - Industrial production and leading indicators (November): downward trend accelerating by BHF−Bank
Canada RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 18 | 13:30 | Retail Sales (MoM) | -0.9% | -1.1% | 1.1% |
| Dec 18 | 13:30 | Retail Sales ex Autos (MoM) | -1.1% | -1.0% | 0.8% |
Lower prices cut Canada's retail sales in October (Thomson Financial News)
Lower prices for gas, cars and other items led to a 0.9 percent cut in the nominal value of Canada's retail sales in October, erasing September's gain, Statistics Canada said on Thursday.
[ Full Story ]- Read the Retail Sales data at Statistics Canada
- UPDATE 1−Lower prices cut Canada's retail sales in October (Thomson Financial News)
- Canada Retail Sales fall 0.9% in Oct; ex autos, 1.1% down (FXstreet.com)
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 18 | 13:30 | Continuing Jobless Claims | 4384K | 4375K | 4431K |
| Dec 18 | 13:30 | Initial Jobless Claims | 554K | 558K | 575K |
US ECON: Weekly Jobless Claims Fall 21,000 To 554,000 (Thomson Financial News)
The number of individuals filing new claims for unemployment insurance fell nearly in line with expectations in the latest survey week, recovering from last week's post−Thanksgiving spike, the Labor Department reported today. What surprised economists in today's report, however, was a decline in the number of individuals continuing to receive unemployment insurance.
[ Full Story ]- Read the Jobless Claims data at Labor Department
- US STOCKS−Wall St edges up as jobless claims ease (Thomson Financial News)
- UPDATE: US Jobless Claims Fall; Still Signal Big Dec Job Loss (Dow Jones)
- UPDATE 1−US jobless claims ease, but still at higher levels (Thomson Financial News)
Daily Forex Technical Report − Swiss Franc to Take Over Euro's Leading Strength? by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 18 | 15:00 | US | Leading Indicators (MoM) (Nov) | -0.4% | -0.5% | -0.8% |
| 15:00 | US | Philadelphia Fed Manufacturing Survey (Dec) | -32.9 | -40.0 | -39.3 | |
| 21:45 | NZ | Visitor Arrivals (Nov) | 0.7% | |||
| 23:50 | JP | All Industry Activity Index (MoM) (Oct) | -0.8% | -0.1% | ||
| Dec 19 | 00:01 | UK | Gfk Consumer Confidence (Dec) | -39 | -35 | |
| 02:00 | NZ | Credit Card Spending (Nov) | 1.1% | |||
| 04:00 | JP | BoJ Interest Rate Decision | 0.1% | 0.3% | ||