Thursday, Jan 29, 16:51 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- WEBINAR VIDEO: Trading Strategy Esentials by Phil Newton
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: U.S. Data Sinks in the Channel This Time…and The Queen? by Tim Salem
Our Post−Time is about 14:30 GMT, so let's update where we are on the GBP/USD! U.S. Initial Jobless Claims rises to a historic 588K, Continuing Claims for those out of employment for a while clocks in at 4776K, up from 4607K, and finally our Cars, Washers, and Plasma TVs drop into the English Channel with −2.6% and −3.6% Core, respectively.
The Advisor Blog: Gbp/Usd technical perspective by Valeria Bednarik
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Jan 29, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Fri, Jan 30, 08:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jan 29, 16:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN |  |
| Thu, Jan 29, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Jan 30, 08:30 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Fri, Jan 30, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Jan 30, 11:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN |  |
Current Session: U.S.
Up and down session for Euro and Pound
FXstreet.com (Barcelona) − The Cable has managed to run up straight well above 200 pips in the European session after having bounded up at 1.4072, despite rather disappointing UK housing data. Nevertheless Sterling has not been able to get through 1.44 and lost some of the ground to drop to levels around 1.4240 at 15.20 GMT.
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Daily Trading Forecast − A retreat then to support at 1.1460 is in the cards by Swiss e Trade AG
The dollar is currently priced at 1.1550 against the Swiss franc. The current upmove will soon run into a solid resistance point at 1.1600, which we expect to hold. A retreat then to support at 1.1460 is in the cards.
Technical Analysis: Currencies − GBP/AUD by Mizuho Corporate Bank
Sterling and the Australian dollar have been battling it out to see which will be bottom of the pile, causing unprecedented massive gyrations, bigger even than those in 1992. We feel that this month prices have been trying to stabilise just above the psychological 2.0000 area
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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jan 30 | 10:00 | Consumer Price Index (YoY) | 1.4% | 1.6% |
EMU economic indicators - EMU inflation flash estimate (January): down further to 1.5% yoy by BHF−Bank
The Eurostat flash estimate is likely to show that euro area inflation has decreased further to 1.5% yoy in January. This would correspond with a monthly fall in HICP of 0.5 % in unadjusted terms. Inflation is expected to continue falling in the coming months. Slovakia joined the eurozone on 1 January 2009 and Eurostat will publish the updated country weights with the final HICP data for January.
[ Full Story ]Top Market Movers Review
US NEW HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 29 | 15:00 | New Home Sales (MoM) | -14.7% | -1.7% | -4.4% |
| Jan 29 | 15:00 | New Home Sales | 331K | 390K | 388K |
U.S. December home sales fall to record lows (Thomson Financial News)
Sales of newly built U.S. single−family homes fell 14.7 percent in December, the largest monthly decline since 1994, data showed on Thursday, indicating the housing market's downward spiral was far from reaching a bottom.
[ Full Story ]- Read the New Home Sales data at Census Bureau
- INSTANT VIEW 5−US new home sales down 14.7 pct in Dec (Thomson Financial News)
- INSTANT VIEW 4−US new home sales down 14.7 pct in Dec (Thomson Financial News)
- INSTANT VIEW 3−US new home sales down 14.7 pct in Dec (Thomson Financial News)
Friday Notes - Buyers are waiting until price reductions end by UniCredit Group
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 29 | 13:30 | Durable Goods Orders | -2.6% | -2.0% | -3.7% |
| Jan 29 | 13:30 | Durable Goods Orders ex Transportation | -3.6% | -2.6% | 0.6% |
DATA SNAP: US Dec Durables Fall More Than Expected (Dow Jones)
Durable goods orders tumbled in December more than expected as the deepening recession restrained demand in the U.S. and abroad. Manufacturers' orders for long−lasting goods decreased by 2.6% last month to a seasonally adjusted $176.80 billion, the Commerce Department said Thursday.
[ Full Story ]- Read the Durable Goods Orders data at Census Bureau
- WRAPUP 1−U.S. jobless rolls hit record peak, orders plummet (Thomson Financial News)
- INSTANT VIEW 4−US durable goods slip 2.6 pct in Dec (Thomson Financial News)
- INSTANT VIEW 3−US durable goods slip 2.6 pct in Dec (Thomson Financial News)
Daily FX Market Commentary - Several factors are weighing on the durable goods manufacturing industry by Danske Bank A/S
Trading News Report - EUR/USD: Trading the U.S. Durable Goods Orders Report by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 29 | 15:00 | US | New Home Sales (Dec) | 331K | 390K | 388K |
| 15:00 | US | New Home Sales (MoM) (Dec) | -14.7% | -1.7% | -4.4% |
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| 21:00 | NZ | Building Permits (MoM) (Dec) | 4.3% | |||
| 23:00 | AU | Conference Board Australia Leading Index (Nov) | -0.5% | |||
| 23:30 | JP | Jobless Rate (Dec) | 4.1% | 3.9% | ||
| 23:30 | JP | National Consumer Price Index (YoY) (Dec) | 0.4% | 1.0% | ||
| 23:30 | JP | National CPI Ex Food, Energy (YoY) (Dec) | 0% | 0% | ||