Friday, Jan 16, 17:15 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
Forex Trading Today: The Dollar Emerging from the Sea of Japan by Tim Salem
Despite the U.S. CPI coming "relatively in line", the TIC Treasury Outflows Data atrocious , and Capacity Utilization and Industrial Production down… we are still making a decent bounce in our major "Match" of the Dollar Yen. Here is our same Daily view from my previous Post…and we are grinding out some daylight here with the Dollar bounce off of Support.
FX Path: USD/JPY - Bounce off Trendline Support by James Chen
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Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Jan 19, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jan 19, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jan 19, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Jan 19, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Jan 19, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Tue, Jan 20, 12:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Tue, Jan 20, 13:30 GMT | Convergence & Divergence | Adam Rosen | WBN | |
Current Session: U.S.
Dollar Regains Some Ground after Mixed Data
ActionForex.com − USD/CHF dips mildly today but still, with 1.1093 minor support intact, further rise is in favor, towards 61.8% retracement of 1.2296 to 1.0366 at 1.1559. But 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 indicate that rebound from 1.0366 might have completed and would bring retest of this low.
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Daily Market Report: Forex − The Sterling gained against the greenback by ICICI Bank
The Sterling gained against the greenback on easing risk aversion levels after the Fed provided with a backstop facility for the Bank of America. EUR/USD was at 1.3287 from 1.3197 yesterday and GBP/USD was at 1.4925 from 1.4611 yesterday.
Daily Currency Market Focus − BoA News Helps Currencies Rally Despite Weak Economic Data by GFT (Global Forex Trading)
The additional funds provided to BoA is the only reason why the dollar is rallying against the Japanese Yen and why we are seeing a recovery in all of the higher yielding pairs such as the EUR/USD and GBP/USD.
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
UK CORE CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jan 20 | 09:30 | Consumer Price Index (MoM) | - | -0.1% |
| Jan 20 | 09:30 | Consumer Price Index (YoY) | 2.6% | 4.1% |
| Jan 20 | 09:30 | Core Consumer Price Index (YoY) | 1.5% | 2.0% |
Friday Notes - UK CPI: VAT to drag inflation sharply down by UniCredit Group
The descent in headline inflation continues at full speed. Although it is difficult to precisely assess the exact impact, an important factor dragging the headline CPI down in December should be the implementation of the VAT cut from 17.5% to 15%.
[ Full Story ]Top Market Movers Review
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 16 | 14:15 | Industrial Production (MoM) | -2.0% | -0.8% | -1.3% |
| Jan 16 | 14:15 | Capacity Utilization | 73.6% | 74.7% | 75.2% |
U.S. Industrial production continues weakening in December (FXstreet.com)
The economic slowdown has translated into a continuous decline in U.S. Industrial production, which, in December has posted the fourth decline in the last five moths, according to data released by the Federal Reserve.
[ Full Story ]- Read the Industrial Production data at the Fed
- WRAPUP 1−U.S. consumer prices fall, industrial output down (Thomson Financial News)
- INSTANT VIEW 7−US industrial production slumps in Dec (Thomson Financial News)
- INSTANT VIEW 6−US industrial production slumps in Dec (Thomson Financial News)
Emerging Markets Briefer - Global manufacturing crisis by Danske Bank A/S
Mid−Day Forex Technical Report − Dollar Regains Some Ground after Mixed Data by ActionForex.com
US Industrial production in December should have dropped −1% by ActionForex.com
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 16 | 13:30 | Consumer Price Index (YoY) | 0.1% | -0.1% | 1.1% |
| Jan 16 | 13:30 | Consumer Price Index Ex Food & Energy (YoY) | 1.8% | 1.9% | 2.0% |
| Jan 16 | 13:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.0% | 0.1% | 0.0% |
| Jan 16 | 13:30 | Consumer Price Index (MoM) | -0.7% | -0.9% | -1.7% |
DATA SNAP: US Inflation Evaporates In 08 On Energy, Recession (Dow Jones)
U.S. consumer prices barely rose last year by their slowest pace in over a half century, a government report showed, a stunning turn just a few months after inflation hit 17−year highs.
[ Full Story ]- Read the CPI data at Labor Department
- WRAPUP 1−U.S. consumer prices fall, industrial output down (Thomson Financial News)
- UPDATE 1−U.S. consumer prices fall for 3rd month in Dec (Thomson Financial News)
- INSTANT VIEW 6−US consumer prices fall 0.7 pct in Dec (Thomson Financial News)
US: Inflation moderates further by Danske Bank A/S
Mid−Day Forex Technical Report − Dollar Regains Some Ground after Mixed Data by ActionForex.com
December's CPI is expected to have dropped −0.9% mom by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 16 | 14:15 | US | Capacity Utilization (Dec) | 73.6% | 74.7% | 75.2% |
| 15:00 | US | Reuters/Michigan Consumer Sentiment Index (Jan)  | 61.9 | 59.0 | 60.1 | |
| Jan 19 | 00:00 | US | Markets Closed for Bank Holiday | |||
| 00:01 | UK | Rightmove House Price Index (MoM) (Jan) | -2.3% | |||
| 00:01 | UK | Rightmove House Price Index (YoY) (Jan) | -6.3% | |||
| 04:30 | JP | Capacity Utilization (Nov) | -3.9 | |||
| 04:30 | JP | Industrial Production (MoM) (Nov) | -3.1% | |||