Monday, Jan 12, 17:10 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- WEBINAR VIDEO: Trading Break Out's And Other Market Views by Phil Newton
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: USD/JPY − Bearishness Down to a Key Trendline by James Chen
Strong bearish price action on the USD/JPY (a daily chart is shown) in the last several days, which has resulted from increasing risk aversion in the market, has descended all the way down to a key downtrend line above which the pair broke in the very beginning of the year.
The Advisor Blog: Usd/Jpy breaking lower by Valeria Bednarik
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jan 13, 15:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Jan 13, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jan 12, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Jan 13, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Jan 13, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Jan 13, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Jan 13, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: U.S.
Yen Soars as Risk Aversion Dominates
(ActionForex.com) − USD/JPY's fall from 94.61 extends further to as low as 89.47 in early US session and break of 90.14 cluster support confirms that rebound from 87.13 has completed already. The corrective three wave structure is consistent with the medium term bearish view. At this point, intraday bias remains for a retest of 87.13 low first and break there will indicate the medium term down trend has resumed. On the upside, though, above 91.67 will suggest will turn intraday outlook neutral first and argue that consolidation from 87.13 will extend further before completion.
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Currency Majors Technical Analysis − EUR USD is in a consolidation after the last bearish movement by Mataf.net
1,3423. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration.
Crude Oil Daily Technical Outlook − Fall from 50.47 extends further to 38.31 tod by Oil N' Gold
Crude oil's fall from 50.47 extends further to 38.31 today and at this point, intraday bias remains on the downside as long as 43.63 minor resistance holds. A
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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Jan 13 | 13:30 | Trade Balance | -$51.40B | -$57.19B |
US economic indicators - Trade deficit (November): shrinking significantly due to weak domestic demand and falling prices by BHF−Bank
We expect the nominal trade deficit to have narrowed from $57.2bn to $51.5bn in November, and the real trade deficit is also likely to have decreased. But net exports will nevertheless contribute negatively to GDP in Q4, for the first time since Q1/2007.
[ Full Story ]Top Market Movers Review
Canada NEW HOUSING PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 12 | 13:30 | New Housing Price Index (YoY) | 0.7% | - | 1.5% |
Canada housing prices slow down their growing rate in October (FXstreet.com)
Canadian Housing prices have not felt the slump other countries are going through, although prices are growing at paces much slower than they were some months ago, according to data released by Statistics Canada. In November, Canadian housing prices index has risen at a 0.7% year in year pace.
[ Full Story ]- Read the New Housing Price Index data at Statistics Canada
- UPDATE 1−Canada new home prices fall for 2nd straight month (Thomson Financial News)
- Canada new home prices fall for 2nd straight month (Thomson Financial News)
- Canada Nov New Housing Price Index increased 0.7% year on year in Nov (FXstreet.com)
Canada's new housing price index is expected to have dropped 0.3% by AceTrader
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 12 | 13:30 | CA | New Housing Price Index (YoY) (Nov) | 0.7% | 1.5% | |
| 15:30 | CA | Bank of Canada Business Outlook Survey (Dec) | ||||
| 21:00 | NZ | NZIER Business Confidence (1Q) | -19 | |||
| 23:50 | JP | Adjusted Current Account (Nov) | ¥620.0B | ¥1113.2B | ||
| 23:50 | JP | Money Supply M2+CD (YoY) (Dec) | 1.7% | 1.7% | ||
| 23:50 | JP | Trade Balance − BOP Basis (Nov) | ¥145B | |||
| Jan 13 | 00:01 | UK | BRC Retail Sales Monitor − All (YoY) (Dec) | -2.6% | ||