Friday, Jan 30, 16:54 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
FX Path: USD/CAD − Potential Continuation Towards Highs by James Chen
Price action on the USD/CAD (a daily chart of which is shown) has just bounced up off a key uptrend support line, as well as a horizontal support/resistance level in the 1.2100 region. The pair's most recent bullish move failed to reach all the way up to the triple−tested highs around 1.3000, stopping short at 1.2765.
The Advisor Blog: U.S. Bad news, not that bad by Valeria Bednarik
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Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Feb 2, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Feb 2, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jan 30, 16:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| Mon, Feb 2, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Feb 2, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Feb 2, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN | |
| Mon, Feb 2, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: U.S.
USD CAD broke 1,2330 resistance
Mataf.net − ,2395. USD CAD broke 1,2330 resistance. The volatility rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The uptrend should continue to gather momentum. The price should find a resistance below 1,2520 (125 pips).
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Technical Summary for Majors − Recovery off 1.2764, 23 Jan low, stalled at 1.3330/1.3335 by Windsor Brokers Ltd
Recovery off 1.2764, 23 Jan low, stalled at 1.3330/1.3335, 27/28 Jan highs, ahead of reversal. Today's fresh weakness reached 1.2806 low so far, en−route to fully retrace 1.2764/1.3035 upleg, with potential break under 1.2764.
Daily Technical Strategist − GBPUSD: Continued Price Stall May Trigger Downside Moves by FXTechstrategy
Continued Price Stall May Trigger Downside Moves− Continued price stall below the 1.4352 level, its Dec 31'08 low now seen could portend an imminent price reversal in the nearer term. This is coming on the back of a failure at the 1.4411 on Thursday…
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 PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Feb 2 | 09:30 | Purchasing Manager Index Manufacturing | 34.5 | 34.9 |
Friday Notes - PMIs still pointing south by UniCredit Group
Following a sizeable December drop, we expect a smaller decline in January manufacturing PMI, with the headline index likely to drop to 34.5 from the previous 34.9. The credit squeeze and weakness in both domestic and foreign orders keep weighing, offsetting the support coming from the ongoing sterling depreciation.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 30 | 15:00 | Reuters/Michigan Consumer Sentiment Index | 61.2 | 61.9 | 60.1 |
Reuters/Univ Michigan End−Jan Sentiment 61.2; Dec 60.1 (Dow Jones)
Consumer sentiment recovered a touch in January from December, according to a report released Friday. The Reuters/University of Michigan final sentiment reading for the first month of the year stood at 61.2, versus 61.9 in the preliminary survey and 60.1 in December. The full−month measure had been expected to stand at 61.9.
[ Full Story ]- UPDATE 1−U.S. consumers' mood improves slightly in January (Thomson Financial News)
- TABLE−Reuters/U Mich Jan. final sentiment index 61.2 (Thomson Financial News)
- US consumers' mood improves slightly in Jan−survey (Thomson Financial News)
US economic indicators - We expect the final UMI consumer sentiment to fall back somewhat by BHF−Bank
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 30 | 13:30 | Gross Domestic Purchases Price Index | -4.6% | - | 4.5% |
| Jan 30 | 13:30 | Gross Domestic Product Annualized | -3.8% | -5.0% | -0.5% |
DATA SNAP: US Economy In 4Q Takes Biggest Drop In 26 Years (Dow Jones)
The U.S. economy shriveled at the end of 2008, shrinking by the most in 26 years as consumers and businesses cut spending, the housing slump deepened, and exports plunged, according to data also showing prices tumbling amid a deepened recession.
[ Full Story ]- Read the GDP data at Commerce Department
- TREASURIES−Bonds rise after GDP data shows economy shrinking (Thomson Financial News)
- US Dollar mixed against majors after the U.S. GDP contraction (FXstreet.com)
- INSTANT VIEW 7−US GDP shrinks 3.8 pct in Q4 (Thomson Financial News)
Trading News Report - EUR/USD: Trading the U.S. Gross Domestic Product by FXCM
Daily Market Briefing - US Dollar, Japanese Yen Remain Strong Ahead of US Q4 GDP Data − How Bad Will It Be? by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 30 | 14:45 | US | Chicago Purchasing Managers' Index (Jan) | 33.3 | 34.2 | 35.1 |
| 15:00 | US | Reuters/Michigan Consumer Sentiment Index (Dec) | 61.2 | 61.9 | 60.1 | |
| Feb 1 | 21:45 | NZ | Labor Cost Index (QoQ) (4Q) | 0.9% | 1.1% | |
| Feb 2 | 00:30 | AU | House Price Index (QoQ) (4Q) | -1.0% | -1.8% | |
| 00:30 | AU | House Price Index (YoY) (Dec) | 2.8% | |||
| 05:30 | AU | RBA Commodity Index SDR (YoY) (Jan) | 34.4% | |||
| 08:30 | CH | SVME − Purchasing Managers' Index (Jan) | 36.9 | |||