Thursday, Jan 15, 16:54 GMT
ASIA-PACIFIC Trading Newsletter
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- 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
Euro Plays The Range Game After Trichet by Tim Salem (CVJ)
Our Euro staged a nice bounce off of major Support at the 1.3075 area and if we look at the Hourly view here…our Daily .23.6% @1.3203 is capping Price and acting as an intraday resistance level.
The Advisor Weblog: After the ECB
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Live Sessions Schedule
Live Look at Today's Markets − Free Access Day
Expert: Derek Frey
Start: Thu, Jan 15, 18:00 GMT
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Type of Session: Webinar
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Fri, Jan 16, 08:30 GMT
Type of Session: Webinar
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| Thu, Jan 15, 17:00 GMT | Profiting from Fear and Greed by trading against the crowd − Free Access Day | David Rodríguez | WBN |  |
| Thu, Jan 15, 18:00 GMT | Live Look at Today's Markets − Free Access Day | Derek Frey | WBN | |
| Fri, Jan 16, 08:30 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Fri, Jan 16, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Jan 16, 11:00 GMT | Forex Basics Series: Chapter 1 − Trading System | Valeria Bednarik | WBN | |
Current Session: U.S.
USD/CHF strengthens mildly in early US session
ActionForex.com − USD/CHF strengthens mildly in early US session and is back pressing 1.1277 resistance. Rise from 1.0366 might be resuming and at this point, intraday bias remains on the upside as long as 1.1093 minor support holds. Above 1.1277 will bring further rally to 61.8% retracement of 1.2296 to 1.0366 at 1.1559. Though upside is expected to be limited there to break resumption of whole fall from 1.2296. On the downside, below 1.1093 will turn intraday outlook neutral again. Further break below 1.0864 will flip intraday bias back to the downside again for retesting 1.0366 low
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Currency Majors Technical Analysis − GBP USD is in a consolidation after the last bearish movement by Mataf.net
1,4591. GBP USD is in a consolidation after the last bearish movement. GBP USD is in a range between 1,4475 and 1,4660. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration.
FX Thoughts for the Day − Aussie, too, has remained ranged during the day by Kshitij Consultancy Service
Aussie, too, has remained ranged during the day and is now making attempts to break free of the Resistances at 0.6630−45 which could find Resistance immediately near 1.6712.
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 TRADE BALANCE S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jan 16 | 10:00 | Trade Balance n.s.a. | -€4.8B | €0.9B |
| Jan 16 | 10:00 | Trade Balance s.a. | - | -€1.3B |
EMU economic indicators - EMU trade balance is likely to have deteriorated 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 PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 15 | 13:30 | Producer Price Index ex Food & Energy (MoM) | 0.2% | 0.1% | 0.1% |
| Jan 15 | 13:30 | Producer Price Index (MoM) | -1.9% | -2.0% | -2.2% |
| Jan 15 | 13:30 | Producer Price Index (YoY) | -0.9% | - | 0.4% |
DATA SNAP: US PPI Falls In '08; Stunning Reversal Since July (Dow Jones)
U.S. producer prices fell for a fifth−straight month in December on steep declines in energy and food prices, suggesting that inflationary pressures continue to recede rapidly as the economic recession deepens.
[ Full Story ]- Read the PPI data at Labor Department
- INSTANT VIEW 4−US producer prices fall, jobless claims rise (Thomson Financial News)
- INSTANT VIEW 3−US producer prices fall, jobless claims rise (Thomson Financial News)
- INSTANT VIEW 2−US producer prices fall, jobless claims rise (Thomson Financial News)
US economic indicators - We expect producer prices to have declined by 2.0% mom in December by BHF−Bank
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 15 | 12:45 | ECB Interest Rate Decision | 2.0% | 2.0% | 2.5% |
ECB Cuts Refi Rate To 2.0% From 2.5% (Dow Jones)
The European Central Bank said Thursday it cut its main refinancing rate by 50 basis points to 2%, as widely expected. The ECB didn't provide a reason for its decision, but President Jean−Claude Trichet will comment at a media briefing scheduled for 1330 GMT.
[ Full Story ]- Read the official data at the ECB
- ECB's Stark says ECB has taken appropriate steps (Thomson Financial News)
- UPDATE: ECB To Pause Next Month After Reducing Rates To 2% (Dow Jones)
- UPDATE 5−ECB cuts rates by half−point, looks next to March (Thomson Financial News)
Mid−Day Forex Technical Report − Euro Steady after ECB Rate Cut, But for How Long? by ActionForex.com
ECB: stop and go by UniCredit Group
Daily Market Report - The benchmark interest rate in the euro zone is now at a record low 2% by Wachovia
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 15 | 13:30 | US | Producer Price Index ex Food & Energy (MoM) (Dec) | 0.2% | 0.1% | 0.1% |
| 15:00 | US | Philadelphia Fed Manufacturing Survey (Jan) | -24.3 | -35.0 | -36.1 |
|
| Jan 16 | 00:30 | JP | BoJ's Governor Shirakawa Speech | |||
| 08:15 | CH | Producer and Import Prices (MoM) (Dec) | -0.6% | -1.4% | ||
| 08:15 | CH | Producer and Import Prices (YoY) (Dec) | 0.6% | 1.1% | ||
| 10:00 | EMU | Trade Balance n.s.a. (Nov) | -€4.8B | €0.9B | ||
| 10:00 | EMU | Trade Balance s.a. (Nov) | -€1.3B | |||