Friday, Dec 19, 16:26 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: EUR/USD − Deep Retracement by James Chen
As of early Friday morning in New York, price has retraced dramatically, all the way back down to the 1.3900 region, purportedly on low liquidity. After the one−directional bullishness of the last week or so, this retracement, or at least a consolidation, was to be expected (as noted here on Wednesday's blog post).
The Advisor Blog: Usd/Jpy: nothing new under the sun by Valeria Bednarik
FXbootcamp: FOREX Training Video - London Session December 19, 2008 by Christian Stephens
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Dec 22, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Dec 22, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Dec 19, 15:00 GMT | Banging around the Bands  | Chris Capre | WBN |  |
| Mon, Dec 22, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Dec 22, 14:00 GMT | The Power of Oscillators in Forex Trading | James Chen | WBN | |
| Mon, Dec 22, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Dec 22, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: U.S.
EUR/USD
Euro's Weakness Continues as a Short Term Top Formed
ActionForex.com EUR/USD's break of 1.4008 minor support with 4 hours MACD dragged below signal line confirms that a short term top in place at 1.4719, after meeting mentioned target of 61.8% retracement of 1.6038 to 1.2329 at 1.4621. Intraday bias is flipped back to the downside for 4 hours 55 EMA (now at 1.3685) first. On the upside, above 1.4306 will indicate that fall from 1.4719 has completed and flip intraday bias back to the upside for retesting 1.4719 high.
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GBP/USD
Daily Technical Strategist − Failure At Higher Prices To Trigger Declines Towards The 1.4470 Level by FXTechstrategy
GBP followed through to the downside on Wednesday breaking the 1.5250/65 zone, its Nov 19'08 high/Oct 24'08 low and opening up scope for lower prices towards the 1.5048 level
USD / JPY
The dollar trended downwards in all of Asian and early European trading by Swiss e Trade AG
The dollar trended downwards in all of Asian and early European trading and is now priced at 88.80 against the yen. We expect this trend to continue in today's market, not exceeding the 89.30 level and eventually finding support at 87.50.
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
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Cons. | Previous | |
| Dec 22 | 07:00 | Gfk Consumer Confidence Survey | 2.1 | 2.2 |
Friday Notes - Well below long−term average by UniCredit Group.
Despite three consecutive gains in the consumer climate index, helped by the strong downward trend in consumer price inflation, the signs do not point to a recovery in private consumption. Despite still falling energy prices, the increasingly bleak outlook for growth should fuel households' fears for the future.
[ Full Story ]Top Market Movers Review
Canada CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 19 | 12:00 | Bank of Canada Consumer Price Index Core (YoY) | 2.4% | 1.5% | 1.7% |
| Dec 19 | 12:00 | Bank of Canada Consumer Price Index Core (MoM) | 0.5% | -0.2% | 0.0% |
| Dec 19 | 12:00 | Consumer Price Index (YoY) | 2.0% | 1.8% | 2.6% |
| Dec 19 | 12:00 | Consumer Price Index (MoM) | -0.3% | -0.5% | -0.6% |
Canada Nov inflation rate slows to 2.0 percent (Thomson Financial News)
Canada's annual inflation rate in November dropped to 2.0 percent from 2.6 percent in October on lower gas prices, Statistics Canada said on Friday. The annual core inflation rate rose to 2.4 percent from 1.7 percent in October.
[ Full Story ]- Read the CPI data at Statistics Canada
- UPDATE 2−Canada inflation drops, room for rate cuts seen (Thomson Financial News)
- INSTANT VIEW 3−Canada Nov inflation rate slows to 2.0 percent (Thomson Financial News)
- INSTANT VIEW 2−Canada Nov inflation rate slows to 2.0 percent (Thomson Financial News)
Daily Market Briefing - Canadian Dollar Could Slump as CPI is Forecasted to Fall Below BOC's 2% Target by FXCM
Trading News Report - Easing Inflation Could Sink the Canadian Dollar by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 19 | 12:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Nov) | 0.5% | -0.2% | 0.0% |
| 12:00 | CA | Consumer Price Index (YoY) (Nov) | 2.0% | 1.8% | 2.6% | |
| Dec 21 | 21:45 | NZ | Current Account (3Q) | -3.91B | ||
| Dec 22 | 00:30 | AU | New Motor Vehicle Sales (MoM) (Nov) | -0.5% | ||
| 00:30 | AU | New Motor Vehicle Sales (YoY) (Nov) | -10.6% | |||
| 05:00 | JP | Bank of Japan Monthly Economic Survey | ||||
| 05:00 | JP | BoJ's Governor Shirakawa Speech | ||||