Monday, Feb 09, 16:52 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- WEBINAR VIDEO: Institutional Trading Strategies: Pivot Points by Andrei Pehar
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: Euro and The Queen poised for a Turn on the Highway? by Tim Salem
A quick Update for you on our Stout and Bullish friends, Euro and Pound. We move to Hourlies this time with both, and are approaching Key Resistance Levels here, where we say see Reversals due to a bit of Bullish Exhaustion.
The Advisor Blog: Gbp/Usd continuing by Valeria Bednarik
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Feb 10, 15:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Feb 10, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Feb 9, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Feb 10, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Feb 10, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Feb 10, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Feb 10, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: U.S.
FXA Column − Eur/$, sharp upside ahead...
FXA − In the Feb 4th email on eur/$, warned that a potentially important bottom was in place (or at least close) as the market continued to form a large falling−wedge type pattern (generally resolve sharply higher) since Dec. Today, the market has broken above the ceiling of the pattern (currently at 1.2930, bought on intra−day break above from the Feb 4th email), and greatly increases the likelihood that an important bottom (for at least the next few weeks and potentially longer) is in place
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Currency Majors Technical Analysis − GBP USD is in an uptrend supported by 1H exponential moving averages by Mataf.net
GBP USD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration.
Gold Daily Technical Outlook − Gold once again failed below 936.3 resistance by WOil N' Gold
Gold once again failed below 936.3 resistance and retreats today. 936.3 is still a tough resistance to overcome. With 4 hours MACD deeper below signal line, intraday outlook is turned neutral for the moment.
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 WHOLESALE INVENTORIES
| Date (GMT) | Event | Cons. | Previous | |
| Feb 10 | 15:00 | Wholesale Inventories | -0.7% | -0.6% |
US economic indicators - Wholesale inventories could have declined by BHF−Bank
Wholesale inventories fell by a good 2% in the previous three months, and they could have declined by a further 1.0% mom in December. The same goes for total business inventories, as we already know that factory inventories went down by 1.4% mom. However, the decrease appears to be entirely due to falling prices. In real terms, inventories rose in the 4th quarter, contributing 1.3 percentage points to GDP growth.
[ Full Story ]Top Market Movers Review
Canada HOUSING STARTS S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 9 | 13:15 | Housing Starts s.a (YoY) | 153.5K | 165.0K | 172.0K |
Canada housing starts fall 11 pct in January (Thomson Financial News)
Canadian housing starts fell 11 percent in January to a seasonally adjusted annualized rate of 153,500 units from 172,200 units in December, Canada Mortgage and Housing Corp. said on Monday.
[ Full Story ]- Read the Housing Starts data at CMHC
- UPDATE 1−Canada housing starts fall 11 pct in January (Thomson Financial News)
- Canada Housing Starts decline beyond expectations in January (FXstreet.com)
- Canada Jan Housing Starts s.a decline 10.9% to 153.5 in Jan (FXstreet.com)
Pairs to Range Trade - Short Term Chop Sets Up A USDCAD Range For Early Next Week by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 9 | 09:30 | EMU | Sentix Investor Confidence (Feb) | -36.13 | -31.20 | -34.40 |
| 13:15 | CA | Housing Starts s.a (YoY) (Jan) | 153.5K | 165.0K | 172.0K |
|
| Feb 10 | 00:01 | UK | BRC Retail Sales Monitor − All (YoY) (Jan) | -3.3% | ||
| 00:01 | UK | RICS House Price Balance (Jan) | -70% | -73% | ||
| 00:30 | AU | National Australia Bank's Business Conditions (Jan) | -6 | |||
| 05:00 | JP | Consumer Confidence (Jan) | 26.7 | |||
| 05:00 | JP | Consumer Confidence Households (Jan) | 25.2 | 26.2 | ||