Tuesday, Dec 23, 16:50 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: Watch our webinars recordings: more than 100 educational videos FOR FREE!
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
1st on Forex: Holiday Season − A Good Time To Prepare for 2009 by Jerry Furst
Good Time To Work On Your Trading and Business Plan:
This market − and season is quite unique. During my webinar today I suggested that traders consider taking the Holiday Season off − away from trading − and concentrate on reflecting on this past years trading and amazing market dynamics...
FxBootcamp - FOREX Training Video London Session December 23, 2008 by Wayne McDonell
FX Trading Today - Data-Point Gridlock and Thin Volume = Volatility…or Does It? by Tim Salem
Live Sessions Schedule
Doing Dealer Due Diligence
Expert: John Jagerson
Start: Mon, Dec 29, 14:00 GMT
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Dec 29, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Dec 23, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN | |
| Mon, Dec 29, 14:00 GMT | Doing Dealer Due Diligence | John Jagerson | WBN |  |
| Mon, Dec 29, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Dec 29, 16:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
| Tue, Dec 30, 12:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
USD/CAD
USD/CAD continues to be bounded in tight range
ActionForex.com − USD/CAD continues to be bounded in tight range today and intraday outlook remains neutral for the moment. As discussed before, fall from 1.3005 might have completed at 1.1818 already. Break of 1.2514 resistance will confirm this case and bring retest of 1.3005/15 resistance zone. On the downside, though, below 1.1818 will indicate that fall from 1.3005 has resumed for 1.1464 support.
.
USD/CHF
FX Thoughts for the Day − It could possibly move towards 1.0832 by Kshitij Consultancy Service
21−MA Support on 4−hourly broken. It could possibly move towards 1.0832 during the US session now. The pair is moving in between the braiding MA lines on the hourly charts since the last 2 days.
EUR/USD
How the EURUSD Could Trade Over the Next 2 Weeks by GFT (Global Forex Trading)
Taking a look back at how the EUR/USD traded between Christmas and New Years in 2003 and 2007, there was only one year where we saw a breakout move in the EUR/USD and that was in 2007.
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 Review
US NEW HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 23 | 15:00 | New Home Sales (MoM) | -2.9% | -3.0% | -5.3% |
| Dec 23 | 15:00 | New Home Sales | 407K | 418K | 419K |
US ECON: November New Home Sales Down to 407,000 Annual Unit Rate (Thomson Financial News)
The number of new home sales sold in the US fell deeper than expected to a 407,000 seasonally adjusted annual unit rate, the lowest seen since 1991, the Commerce Department reported today.
[ Full Story ]- Read the new home sales data at US Census Bureau
- CORRECT: US Nov Single−Family Home Sales −8.0%, Not Dn To 8.0% (Dow Jones)
- ECONOMIC REPORT: U.S. Data Show Sales Of New Homes At Lowest Level In 17 Years (Dow Jones)
- UPDATE 1−U.S. new home sales fall 2.9 pct in November (Thomson Financial News)
US Dollar Unfazed By Economic Data by GFT (Global Forex Trading)
Daily Analysis - U.S House sales probably fell in November as the slump continues by Finotec Group Inc.
Daily Forex Technical Report − Markets in Consolidation, Focus on US Home Sales by ActionForex.com
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 23 | 14:55 | Reuters/Michigan Consumer Sentiment Index | 60.1 | 58.6 | 55.3 |
Reuters/Univ Michigan End−Dec Sentiment 60.1; Nov 55.3 (Dow Jones)
Consumers' view on the economy improved at the end of December. The final version of the Reuters/University of Michigan consumer sentiment index for December moved to 60.1 from 59.1 in the preliminary report and 55.3 in November. Economists had expected to see the index at 59.1.
[ Full Story ]- Read the Reuters/University of Michigan Surveys of Consumers
- Reuters/Univ Michigan End−Dec Sentiment 60.1; Nov 55.3 (Dow Jones)
- US consumers' mood boosted by lower prices in Dec (Thomson Financial News)
- TABLE−Reuters/U Mich Dec final sentiment index 60.1 (Thomson Financial News)
Mid−Day Forex Technical Report − Swissy Strengthens in Consolidation Markets by ActionForex.com
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 23 | 13:30 | Gross Domestic Purchases Price Index | 4.5% | 4.7% | 4.2% |
| Dec 23 | 13:30 | Gross Domestic Product Annualized | -0.5% | -0.5% | 2.8% |
US ECON: Final Q3 GDP Down 0.5% as Expected, Core Inflation at 2.4% (Thomson Financial News)
The Commerce Department reported no revision to the 0.5% drop in GDP for the third quarter, but unexpectedly revised both core and headline inflation down by 0.2 percentage points.
[ Full Story ]- Read the GDP data at US Bureau of Economic Analysis
- WRAPUP 1−US Q3 GDP shrank 0.5 pct as economy chilled (Thomson Financial News)
- TOPWRAP 5−US downturn confirmed, Britain contracts sharply (Thomson Financial News)
- INSTANT VIEW 6−U.S. final Q3 GDP unrevised −0.5 pct (Thomson Financial News)
The final reading for Q3 GDP is expected to be −0.5% by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 23 | 15:00 | US | New Home Sales (Nov) | 407K | 418K | 419K |
| 15:00 | US | Richmond Fed Manufacturing Index (Dec) | -55 | -38 | ||
| Dec 24 | 13:30 | US | Continuing Jobless Claims (Dec 13) | 4384K | ||
| 13:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Nov) | 0% | 0% | ||
| 13:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (Nov) | 2.0% | 2.1% | ||
| 13:30 | US | Durable Goods Orders (Nov) | -3.0% | -6.2% | ||
| 13:30 | US | Durable Goods Orders ex Transportation (Oct) | -3.0% | -4.4% | ||