Tuesday, Feb 03, 17:05 GMT
ASIA-PACIFIC Trading Newsletter
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- WEBINAR VIDEO: Central Bank Review by Adam Rosen
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: EUR/USD − In a Downtrend Channel above Uptrend Support by James Chen
EUR/USD has been traversing a steep parallel downtrend channel since the dramatic swing high right before the New Year, as shown on the accompanying daily chart. Within the context of this channel, as of Tuesday morning price has just bounced up off a key uptrend support line extending from the long−term lows around 1.2330 (hit in late October).
Chartology: Swissy Sets Ups an Intraday Triangle Breakdown by Raghee Horner
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Feb 4, 10:00 GMT
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Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Feb 4, 11:00 GMT
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Type of Session: Webinar
| Sponsored by | ||||
| Tue, Feb 3, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Feb 4, 10:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Feb 4, 11:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Feb 4, 13:00 GMT | The FX and Equity Markets | Adam Rosen | WBN |  |
| Wed, Feb 4, 14:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN |  |
Current Session: U.S.
EURUSD: Bounces Off The 1.2765 Level
FXTechstrategy − EUR closed higher Monday taking back its intra day losses and climbing back above its key support at the 1.2766 level, its Jan 23'09 low. This present recovery is now seen as a correction of its declines off the 1.3330 level printed in late Jan'09.Its Jan 15'09 low at 1.3026 and its Nov 25'08 high at 1.3081 will be targeted on a build up to the mentioned upmove and then the 1.3298/1.3313 zone, its Jan 06'09 low/Oct 30'08 high.
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Currency Majors Technical Analysis − USD CHF is in an uptrend supported by 1H exponential moving averages by ACM − Advanced Currency Markets
1,2495. USD CHF is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H,
Market Session Recaps − The yen crosses were likewise little changed by FOREX.com
The yen crosses were likewise little changed as risk trades remained without direction. USD/JPY slipped a modest −18 pips towards 89.50/60 while EUR/JPY was just −15 points lower into the 115.20/30 zone.
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 PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Feb 4 | 09:00 | Purchasing Manager Index Services | 42.5 | 42.1 |
EMU economic indicators - PMIs: Possibly unchanged by BHF−Bank
The Purchasing Managers' Index for the German and EMU manufacturing sector in January are unlikely to be revised significantly.
[ Full Story ]- Glance−STOCKS NEWS EUROPE−Corporate earnings, PMI, ISM in focus Feb 4 (Thomson Financial News)
Top Market Movers Review
US PENDING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 3 | 15:00 | Pending Home Sales (MoM) | 6.3% | 0.0% | -4.0% |
US Pending Home Sales Index +6.3% In December − NAR (Dow Jones)
A forecasting gauge of home sales unexpectedly increased during December, a realtors' group said. The National Association of Realtors' index for pending sales of previously owned homes increased 6.3% to 87.7 from 82.5 in November, the industry group said Tuesday.
[ Full Story ]- Read the Pending Home Sales data at NAR
- UPDATE 1−U.S. pending home sales rebound in December (Thomson Financial News)
- STOCKS NEWS US−Pending home sales up 6.3 pct in December (Thomson Financial News)
- INSTANT VIEW 5−US pending home sales rise in December (Thomson Financial News)
US economic indicators - Pending home sales could have risen slightly by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 3 | 10:00 | EMU | Producer Price Index (YoY) (Dec) | 1.8% | 2.1% | 3.3% |
| 15:00 | US | Pending Home Sales (MoM) (Dec) | 6.3% | 0.0% | -4.0% | |
| 21:45 | NZ | Visitor Arrivals (Dec) | 0.8% | |||
| 22:00 | US | ABC/Washington Post Consumer Confidence (Feb 1) | -54 | |||
| Feb 4 | 00:01 | UK | Nationwide Consumer Confidence (Jan) | 45 | 47 | |
| 00:30 | AU | Building Permits (MoM) (Dec) | 2.0% | -12.8% | ||
| 00:30 | AU | Building Permits (YoY) (Dec) | -29.7% | -34.7% | ||