Monday, Dec 22, 17:03 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: MONTHLY WEBINAR - The 1-2-3 chart pattern by Sunil Mangwani
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Eur/Usd in the longer term by Valeria Bednarik
Last week spike to 1.4720 is distorting a bit my vision of what happened and what could happen from here, but not that much: if we place a Fibo, in monthly charts to all the rally from 1.6038 to 1.2330, we find that the pair has passed just above the 61.8%
1st on Forex - The Week Ahead - Holiday Time? by Jerry Furst
Forexology: Euro and Gold by Sunil Mangwani
Live Sessions Schedule
Back to basics: strategy review and round up
Expert: Phil Newton
Start: Tue, Dec 23, 10:00 GMT
Type of Session: Webinar
Trading techniques discussed
Expert: Adam Rosen
Start: Tue, Dec 23, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Dec 22, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Dec 23, 10:00 GMT | Back to basics: strategy review and round up | Phil Newton | WBN |  |
| Tue, Dec 23, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Dec 23, 13:00 GMT | Fan and Speed lines | Valeria Bednarik | WBN | |
| Tue, Dec 23, 14:00 GMT | Trading techniques discussed | Adam Rosen | WBN | |
Current Session: U.S.
GBP/USD
Range Trading Continues in Pre−Holiday Markets
ActionForex.com − GBP/USD dips further to 1.4688 today and at this, intraday bias remains on the downside for retesting 1.4466 low. Though, downside is expected to be contained there and bring another as consolidation from there continues. Above 1.5185 minor resistance will flip intraday bias back to the upside for 1.5722 first. Break will target 1.6671 resistance.
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USD/CHF
FX Thoughts for the Day − It could potentially still manage to continue trading between 1.09−1.11. by Kshitij Consultancy Service
As mentioned in the morning, the pair did slip into a broader track enclosed by 8−SMA on the top and 21−SMA at the bottom on the 4−hourly and manages to stay within up there.
NATURAL GAS
Natural Gas Technical Outlook − Natural gas continues to trade with a soft tone today by Oil N' Gold Team
Natural gas continues to trade with a soft tone today. Recent down trend is still in progress as long as 5.855 resistance holds, targeting 5.192 long term support next (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
France CONSUMER SPENDING
| Date (GMT) | Event | Cons. | Previous | |
| Dec 23 | 08:45 | Consumer Spending (MoM) | - | -0.5% |
Friday Notes - Consumer spending to further decline by "only" 0.5% in November by UniCredit Group
In spite of increasing strains on consumers to cut discretionary expenditure, we expect consumer spending to further decline by "only" 0.5% m−o−m in November.
[ Full Story ]Top Market Movers Review
EMU INDUSTRIAL NEW ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 22 | 10:00 | Industrial New Orders s.a. (MoM) | -4.7% | -4.0% | -3.9% |
| Dec 22 | 10:00 | Industrial New Orders (YoY) | -15.1% | -9.8% | -1.1% |
DATA SNAP:Euro−Zone Indus New Orders Post Record Drop In Oct (Dow Jones)
Euro−zone industrial new orders posted their biggest drop on the year on record in October as a recession weighed on the 15−nation currency bloc's economy, data released by the European Union's Eurostat statistics agency showed Monday.
[ Full Story ]- Industrial new orders down by 4.7% in euro area at Eurostat
- EURONOMICS:Record Drop In Euro−Zone New Orders Adds To Gloom (Dow Jones)
- UPDATE 2−Euro zone orders plunge on cars, point to more ECB cuts (Thomson Financial News)
- UPDATE 1−Euro zone Oct ind orders plunge, underline recession (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 22 | 10:00 | EMU | Industrial New Orders (YoY) (Oct) | -15.1% | -9.8% | -1.1% |
| 10:00 | EMU | Industrial New Orders s.a. (MoM) (Oct) | -4.7% | -4.0% | -3.9% | |
| 21:45 | NZ | Gross Domestic Product (QoQ) (3Q) | -0.5% | -0.2% | ||
| 23:00 | AU | Conference Board Australia Leading Index (Oct) | -0.3% | |||
| Dec 23 | 08:45 | FR | Consumer Spending (MoM) (Nov) | -0.5% | ||
| 09:00 | EMU | Current Account n.s.a (Oct) | -6B | |||
| 09:00 | EMU | Current Account s.a (Oct) | -10.6B | |||