Tuesday, Jan 13, 16:45 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- WEBINAR VIDEO: The World of Forex Breakout Trading by James Chen
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: AUD/USD − Still Bearish after Channel Breakdown by James Chen
Bearish price action on the AUD/USD daily chart, as shown, appears to be headed even more south, possibly targeting a key long−term downtrend line currently in the 0.6500 region. Price has already broken down below the skinny parallel uptrend channel, as noted on this blog late last week (AUD/USD − Traversing a Breakable Channel).
FX Market Readings: EURO and GBP appear weak... by Dr.S. Sivaraman
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Jan 14, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Jan 14, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Jan 13, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Jan 14, 10:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Jan 14, 11:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Jan 14, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Wed, Jan 14, 14:00 GMT | Profiting from Fear and Greed by trading against the crowd | David Rodríguez | WBN |  |
Current Session: U.S.
Dollar Firm as Trade Deficit Unexpectedly Narrowed to Five Year Low
ActionForex.com − USD/CAD's rebound from 1.1761 extends further to as high as 1.2312 in early US session. The decisive break of inner trend line resistance argues that fall from 1.3005 has completed at 1.1761. At this point, intraday bias remains on the upside as long as 1.2139 minor support holds. Break will confirm this case and bring retest of 1.3005/15 resistance zone. On the downside, below 1.2139 will turn intraday outlook neutral first.
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Daily Technical Strategist − Third−Day Of Downside Weakness by FXTechstrategy
A Third−Day Of Downside Weakness Turns Focus To The 1.4352 Level −With a run to the upside off its YTD low at 1.4352 ending at the 1.5374 level on Jan 08'09,price collapse to the downside cleared key support levels at the 1.5000 level and the 1.4831 level,
Daily Forex News − The Yen gained 0.17% against the dollar by ACM − Advanced Currency Markets
UsdJpy broke out the 4−month downtrend upper trendline and hit 94.64 high on Tuesday of last week. Initial resistance holds 94.59 (6th Jan high).
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
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jan 14 | 10:00 | Industrial Production s.a. (MoM) | -1.8% | -1.2% |
| Jan 14 | 10:00 | Industrial Production w.d.a. (YoY) | -5.8% | -5.3% |
EMU economic indicators - EMU industrial production (November): down by BHF−Bank
Italian and EMU industrial production will probably have continued decreasing in November, because all correlated climate indicators deteriorated. The EMU trade balance is likely to have deteriorated too, like the corresponding German figure.
[ Full Story ]Top Market Movers Review
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 13 | 13:30 | Trade Balance | -$40.44B | -$51.40B | -$56.69B |
US: Trade Deficit Improves, Canadian Surplus Shrinks by GFT (Global Forex Trading)
The US trade deficit narrowed materially in the month of November to the smallest since June 2003. Although the narrower trade deficit is normally something to cheer about, the details of the report indicate that the only reasons why trade improved was because of the fall in oil prices and slower domestic demand.
[ Full Story ]- Read the Trade Balance data at Census Bureau
- Dollar Hits Intraday Highs Vs Euro, Yen After US Trade Data (Dow Jones)
- UPDATE 1−U.S. Nov trade gap shrinks on record import plunge (Thomson Financial News)
- INSTANT VIEW 4−US trade deficit shrinks most in 12 years (Thomson Financial News)
US trade deficit unexpectedly narrowed to −40.4b in Nov by ActionForex.com
US economic indicators - Trade deficit (November): shrinking significantly due to weak domestic demand and falling prices by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 13 | 13:30 | CA | International Merchandise Trade (Nov) | $1.28B | $3.20B | $2.30B |
| 13:30 | US | Trade Balance (Nov) | $-40.44B | -$51.40B | -$56.69B |
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| 19:00 | US | Fed's Kohn speech | ||||
| 19:00 | US | Monthly Budget Statement (Dec) | -82.0B | -164.4B | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Jan 11) | -51 | |||
| 21:45 | NZ | Building Permits (MoM) (Nov) | -21.9% | |||
| Jan 14 | 00:30 | AU | Home Loans (Nov) | 1.0% | 1.3% | |