Wednesday, Jan 21, 17:17 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- WEBINAR VIDEO: Rule Based Short Term Trading In Forex by Sam Seiden
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: Yen Crosses Take A Rest From Their Ski Trip by Tim Salem (CVJ)
Let's check in with the Pound Yen and Euro Yen, and see where we have some in the last 12 hours since our last Post. We are largely consolidating here on both Pairs, according to our Hourly views. As always…when we see this type of Price action… building of energy increases for a Break out of the clustering behavior.
FX Path: EUR/USD - Stalled Near Support but Still Bearish
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jan 21, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
MONTHLY WEBINAR: Trading Strategy Esentials − Part I
Expert: Phil Newton
Start: Thu, Jan 22, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jan 21, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Jan 22, 14:00 GMT | MONTHLY WEBINAR: Trading Strategy Esentials − Part I | Phil Newton | WBN |  |
| Thu, Jan 22, 16:00 GMT | MONTHLY WEBINAR: Trading with a Consistant Trading Plan and Strategy − Part II  | Phil Newton | WBN | |
| Fri, Jan 23, 08:30 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Fri, Jan 23, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
Current Session: U.S.
Yen Rallies Even Though Stocks Rebound
(ActionForex.com) − USD/JPY dives further to as low as 89.22 in early US session and at this point, intraday bias remains on the downside as 90.18 minor resistance holds. Further break of 88.47 will confirm that fall from 84.61 as resumed. As discussed before, corrective rise from 87.13 should have completed with three waves up to 94.61. Break of 87.13 will confirm medium term down trend resumption. On the upside, above 90.18 will turn intraday outlook neutral and bring more choppy consolidation before resuming recent decline.
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Daily Technical Strategist − Invalidation Of The 1.4352/1.4045 Zone Leaves The 1.3682 Level Vulnerable by FXTechstrategy
Having cleanly broken and closed below key supports at its Dec 31'08 low at 1.4352 and its Jan'2002 low at 1.4045,GBP has now opened up downside risk targeting its Jun'2001 low at 1.3682…
Massive collapse between July and October 2008 by Mizuho Corporate Bank
he massive collapse between July and October 2008 can be likened to the currency chaos in 1985/1986. It has taken the cross all the way back down to where it started in 2001 and the Aussie's weakest ever against the Yen at just 55.11.
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 NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jan 21 | 18:00 | NAHB Housing Market Index | 9 | 9 |
Friday Notes - Builders fear ongoing contraction in demand by UniCredit Group
Builders see scant demand for new homes. They cite fear among prospective buyers about job stability and the potential for further declines in housing prices, worsened by the continuing flow of existing homes coming on the market from foreclosures.
[ Full Story ]Top Market Movers Review
Canada WHOLESALE SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 21 | 13:30 | Wholesale Sales (MoM) | -1.6% | - | -1.8% |
Canadian wholesale trade decreases for third time in four months in November (FXstreet.com)
Wholesale trade has decreased in Canada in November, for the third time in the last four months, with weaker sales in four of the seven sectors, according to data released by Statistics Canada. Canadian wholesalers have seen their sales decline 1.6% to C$44.4 billion in November, in terms of volume, wholesale trade has dropped 3.0% in November.
[ Full Story ]- Read the Wholesale Sales data at Statistics Canada
- UPDATE 1−Canada Nov wholesale trade drops on weaker exports (Thomson Financial News)
- Canada November wholesale trade falls 1.6 percent (Thomson Financial News)
- Canada Wholesale Sales drop 1.6% in Nov (FXstreet.com)
Canadian wholesale sales dropped −1.6% mom in Nov by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 21 | 13:30 | CA | Wholesale Sales (MoM) (Nov) | -1.6% | -1.8% | |
| 15:00 | US | Fed's Geithner Speaks | ||||
| 18:00 | US | NAHB Housing Market Index (Jan) | 9 | 9 | ||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Dec) | -¥322.5B | -¥367.6B | ||
| 23:50 | JP | Merchandise Trade Balance Total (Dec) | -¥269.5B | -¥225.2B |
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| Jan 22 | 00:30 | AU | New Motor Vehicle Sales (MoM) (Dec) | -5.2% | ||
| 00:30 | AU | New Motor Vehicle Sales (YoY) (Dec) | -17.8% | |||