Tuesday, Dec 30, 16:26 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
Forex Trading Today: We Continue with our Two Cousins…Gold and Euro! by Tim Salem
Yes... our "thin" Volume continues all across the Markets... and with plenty of illiquid Price action thrown in there as well! This becomes an oxymoron, If you will... as high and low liquidity can equal low and high volatility and vice versa!
The Advisor Blog: Majors's sentiment for today by Valeria Bednarik
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Jan 5, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jan 5, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| 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 | |
| Mon, Jan 5, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Jan 5, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Jan 6, 12:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
EUR/USD
Daily FX Report − The EUR/USD rose the most in almost two weeks as the conflict in the Gaza Strip drove up oil prices by Varengold Wertpapierhandelsbank AG
The EUR/USD rose the most in almost two weeks as the conflict in the Gaza Strip drove up oil prices. Higher oil prices add concerns about the economic slump in the U.S., which is the world's largest energy−consuming country. Crude oil February futures rose for a third day after rising 0.7% to $40.30 a barrel yesterday. After the U.S. currency weakened against 14 of the 16 mostactive currencies, analysts said they expect the conflict between the Israelis and Palestinian will continue to exert pressure on the USD.
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GBP/USD
FX Thoughts for the Day − The pair has risen above 1.4500 and has been steady in the day thereafter by Kshitij Consultancy Service
The pair has risen above 1.4500 and has been steady in the day thereafter. Low on volatility and volumes so far. However, trading might pick up during the US session.
Gold
Gold retreats mildly by Oil N' Gold
Gold retreats mildly after hitting inner channel resistance again but still, short term outlook remains bullish as long as 829.80 support holds. As discussed before, fall from 936.3 has already completed at 681 and further rally is expected to retest this resistance first.
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
US ISM MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Jan 2 | 15:00 | ISM Manufacturing | - | 36.2 |
US economic indicators - ISM manufacturing index (Dec): again indicating recession in the overall economy by BHF−Bank
The ISM manufacturing index fell further to 36.2, thus signalling recession in the overall economy for the second consecutive month. The first regional manufacturing surveys stabilised at very low levels, and we therefore expect the ISM manufacturing index to have remained more or less unchanged in December.
[ Full Story ]Top Market Movers Review
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 30 | 15:00 | Consumer Confidence | 38.0 | - | 44.9 |
U.S. consumer confidence at record low in December (Thomson Financial News)
U.S. consumer confidence fell to a record low in December as the worst job market in 16 years hammered sentiment, the Conference Board said on Tuesday. The Conference Board, a business research company, said its Consumer Confidence Index fell to 38.0 in December from a slightly downardly revised 44.7 in November.
[ Full Story ]- US Economic Indicators: Latest 6 Months Data−Dec 30 (Dow Jones)
- US Economic Indicators: DJ Survey Of Forecasters−Dec 30 (Dow Jones)
- TABLE−US consumer confidence falls to 38.0 in Dec (Thomson Financial News)
US economic indicators - Consumer confidence indicators (Dec): declining due to marked falls in employment by BHF−Bank
US S&P/CASE−SHILLER HOME PRICE INDICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 30 | 14:00 | S&P/Case−Shiller Home Price Indices | -18.0% | - | -17.4% |
INSTANT VIEW 1−US home prices fall 18 pct in Oct (Thomson Financial News)
Prices of U.S. single−family homes in October plunged a record 18.0 percent from a year </p><p> earlier, according to the Standard & Poor's/Case−Shiller Home Price Indices released on Tuesday that indicated a U.S. housing market in the throes of a deep recession.
[ Full Story ]- Read the Home Price Indices data at S&P/Case−Shiller
- US ECONOMIC INDICATORS: Housing Data, Latest 6 Months (Dow Jones)
- INSTANT VIEW 4−US home prices fall 18 pct in Oct (Thomson Financial News)
- INSTANT VIEW 2−US home prices fall 18 pct in Oct (Thomson Financial News)
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 30 | 13:00 | Consumer Price Index (MoM) | 0.3% | - | -0.5% |
| Dec 30 | 13:00 | Consumer Price Index (YoY) | 2.6% | - | 1.4% |
UPDATE 2−German inflation hits 2−year low in December (Thomson Financial News)
German inflation slowed in December for a fifth consecutive month to its lowest level in over two years, suggesting inflation in the broader euro zone may also have dropped. A preliminary Federal Statistics Office estimate released on Tuesday, based on figures from six German states, showed the national index of consumer prices (CPI) rose by 1.1 percent year−on−year in December.
[ Full Story ]- Read the CPI data at German Statistics
- 2nd UPDATE: German Dec CPI +1.1% On Year; Below Forecast (Dow Jones)
- Germany Consumer Price Index (YoY) up to 2.6% in Dec from 1.4% and (MoM) up to 0.3% in Dec from −0.5% (FXstreet.com)
- INSTANT VIEW 5−German inflation slows in Dec (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 30 | 14:45 | US | Chicago Purchasing Managers' Index (Nov) | 34.1 | 33.8 | |
| 15:00 | US | Consumer Confidence (Dec) | 38.0 | 44.9 | ||
| Dec 31 | 00:30 | AU | Private Sector Credit (MoM) (Nov) | 0.6% | ||
| 00:30 | AU | Private Sector Credit (YoY) (Nov) | 9.7 | |||
| Jan 2 | 05:30 | AU | RBA Commodity Index SDR (YoY) (Dec) | 35% | ||
| 09:30 | UK | Consumer Credit (Nov) | £0.8B | |||
| 09:30 | UK | M4 Money Supply (MoM) (Nov) | 2.8% | |||