Monday, Dec 29, 16:16 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
The Advisor Blog: Gbp continues fall by Valeria Bednarik
Nothing new here, Gbp remains the weaker currency across the board, with Gbp/Jpy close to a 13 years minimum (129.32 back in April 1995) and Gbp/Usd fighting to stay above the 1.4600 level: moving in a descendant channel, the pair seems ready to continue to the downside.
FxBootcamp: FOREX VIDEO REVIEW: London Session December 29, 2008 by Christian Stephens
Live Sessions Schedule
Live analysis of the Forex markets
Expert: Sam Seiden
Start: Tue, Dec 30, 11:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Dec 29, 16:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN |  |
| Tue, Dec 30, 11:00 GMT | Live analysis of the Forex markets | Sam Seiden | WBN | |
| Tue, Dec 30, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Jan 5, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN |  |
| Mon, Jan 5, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: U.S.
USD/CHF
Mid−Day Forex Technical Report − Swiss Franc Dominance Continues, Sterling and Dollar Hit Hard by ActionForex.com
USD/CHF's decline from 1.1135 is still in progress and at this point, intraday bias remains on the downside. Break of 1.0410 will indicate that whole fall from 1.2296 has resumed to next target of 1.0010 (61.8% projection of 1.2248 to 1.0410 from 1.1135 at 0.9999) which is close to 1.0000 psychological support. On the upside, above 1.0604 will indicate that an intraday low is in place and argue that consolidation from 1.0410 might still be in progress. Though, short term outlook will remain bearish as long as 1.1246 resistance holds.
.
USD / JPY
Chart of the Day − Continuing downtrend on the USD/JPY by FX Solutions
Within the context of a continuing downtrend on the USD/JPY, price action approaching the New Year has made a pullback retracement back up near a key downtrend resistance line.
GBP/USD
FX Thoughts for the Day − Pound has during the day traced a high of 1.4773 by Kshitij Consultancy Service
Pound has during the day traced a high of 1.4773 before falling towards the current levels contrary to our morning views. The Support at 1.4586 held on as the pair clocked a low of 1.4645 during the day today.
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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Dec 30 | 16:00 | Consumer Price Index (MoM) | - | -0.5% |
| Dec 29 | 16:00 | Consumer Price Index (YoY) | - | 1.4% |
German state data point to easing inflation (Thomson Financial News)
German annual inflation probably slowed for a fifth month running in December as fuel costs tumbled further, suggesting price pressures in the broader euro zone may have eased, data from the state of Saxony showed on Monday.
[ Full Story ]- TABLE−German Saxony Dec CPI 0.3 pct m/m, 1.3 pct y/y (Thomson Financial News)
- German data due − Saxony Dec CPI due at 0900 GMT (Thomson Financial News)
Top Market Movers Review
Switzerland KOF LEADING INDICATOR
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 29 | 10:30 | KOF Leading Indicator | -0.39 | - | -0.05 |
Swiss KOF growth barometer hits new 5−1/2 yr low (Thomson Financial News)
Switzerland's leading KOF growth barometer fell to a new 5−1/2−year low in December as exports declined further and consumption softened, adding to signs that the Alpine country was heading for recession.
[ Full Story ]- Read the Leading Indicator data at KOF Institute
- INSTANT VIEW 2−Swiss KOF hits new 5−1/2−year low in December (Thomson Financial News)
- INSTANT VIEW 1−Swiss KOF hits new 5−1/2−year low in December (Thomson Financial News)
- TABLE−Swiss KOF indicator drops to −0.39 in December (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 29 | 10:30 | CH | KOF Leading Indicator (Dec) | -0.39 | -0.05 | |
| 16:16 | DE | Consumer Price Index (YoY) (Dec)  | 1.4% | |||
| Dec 30 | 09:00 | EMU | M3 (YoY) (Nov) | 8.7% | ||
| 09:00 | CH | UBS Consumption Indicator (Nov) | 1.32 | |||
| 14:00 | US | S&P/Case−Shiller Home Price Indices (Oct) | -17.4% | |||
| 14:45 | US | Chicago Purchasing Managers' Index (Nov) | 33.8 | |||
| 15:00 | US | Consumer Confidence (Dec) | 44.9 | |||