Wednesday, Jan 07, 16:54 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Doing Dealer Due Diligence by John Jagerson
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: ADP Hits the Wall by Tim Salem
If you read my previous Post... you are aware of my "endearing love" for the entire ADP Concept that came out of nowhere almost two years ago... I do apologize for the "sarcasm"!
FX Path: GBP/USD - Broadening Formation at the Lows by James Chen
The Advisor Blog: Usd/Jpy by Valeria Bednarik
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jan 7, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
The World of Forex Breakout Trading
Expert: James Chen
Start: Thu, Jan 8, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jan 7, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Jan 8, 11:00 GMT | Tracking the forex market together / Part I  | Dr.S.Sivaraman | WBN |  |
| Thu, Jan 8, 12:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Thu, Jan 8, 14:00 GMT | The World of Forex Breakout Trading | James Chen | WBN | |
| Thu, Jan 8, 15:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
Current Session: U.S.
GBP/USD
Dollar Weakens Further after Poor Job Data
(ActionForex.com) − GBP/USD's rise from 1.4350 extends further to as high as 1.5129 and at this point, intraday bias remains on the upside as long as 1.4805 minor support holds. Nevertheless, current rally is expected to be limited below 1.5722 resistance and bring resumption of medium term down trend. Below 1.4805 will flip intraday bias back to the downside for retesting 1.4350 low.
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EUR/USD
Currency Majors Technical Analysis − EUR USD broke 1,3660 resistance by Mataf.net
,3721. EUR USD broke 1,3660 resistance. The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD.
Quarterly Analysis
Quarterly Technical Analysis − Dollar/Yen should hold above the pivotal 85.00 area this quarter by Mizuho Corporate Bank
Dollar/Yen should hold above the pivotal 85.00 area this quarter, probably capped just over 96.00. We favour a series of complex swings, some quite large and others very restrained, so that one−month at−the−money implied volatility should swing between 12.00% and 24.00%.
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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Jan 8 | 07:00 | Trade Balance | - | 16.4B |
EMU economic indicators - Trade balance: Unchanged by BHF−Bank
Following the seasonal pattern, the German trade balance could have remained more or less at the same level in November, whereas the German current account might even improve.
[ Full Story ]Top Market Movers Review
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 7 | 13:15 | ADP Employment Change | -693K | -450K | -476K |
ADP Sees December US Private Sector Jobs −693,000 (Dow Jones)
Private sector jobs fell 693,000 in the U.S. in December, according to a revamped national employment report published Wednesday by payroll giant Automatic Data Processing Inc. (ADP) and consultancy Macroeconomic Advisers.
[ Full Story ]- Read the Employment data at ADP
- Dollar Still Down Post−ADP, But Bounces Off Lows (Dow Jones)
- WRAPUP 1−US private job private losses mount in December (Thomson Financial News)
- GBP/USD: The Dollar weakens after poor US labour data (FXstreet.com)
Mid−Day Forex Technical Report − Dollar Weakens Further after Poor Job Data by ActionForex.com
Daily Forex Technical Report − Dollar Mixed as Markets Driven by Euro Crosses by ActionForex.com
Forex Trading Strategies - The greenback's rally stalls after gloomy FOMC minutes, weak data by Saxo Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 7 | 15:35 | US | Barack Obama Speech | |||
| 15:35 | US | EIA Crude Oil Stocks change (Jan 3) | 6.7M | 0.5M | ||
| Jan 8 | 00:30 | AU | Building Permits (MoM) (Nov) | -5.4% | ||
| 00:30 | AU | Building Permits (YoY) (Nov) | -26% | |||
| 00:30 | AU | Trade Balance (Nov) | 2.952B | |||
| 06:45 | CH | Consumer Price Index (MoM) (Dec) | -0.4% | -0.7% | ||
| 06:45 | CH | Consumer Price Index (YoY) (Dec) | -0.9% | 1.5% | ||