Tuesday, Feb 10, 17:08 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- WEBINAR VIDEO: Strategies to Perceive and Defeat Forex Volatility through Traditional Indicators by Mark Whistler
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: EUR/GBP − At Substantial Support by James Chen
Price action on the EUR/GBP cross has fallen substantially since the record high at 0.9800 was triple−tested in late December. Since then, the downtrend that has formed has been breaking down below support level after support level in a significant bearish correction.
The Disciplined Trader: GBP and EUR give puzzling signals by Pierre Charlebois
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Feb 11, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Feb 11, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Feb 10, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Feb 11, 10:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Feb 11, 11:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Feb 11, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Wed, Feb 11, 14:00 GMT | Profiting from Fear and Greed by trading against the crowd | David Rodríguez | WBN |  |
Current Session: U.S.
GBPUSD: Run For A Recapture Of The 1.4981 Level And Beyond Remains In Progress
FXTechstrategy − Having resumed its upside recovery triggered off the 1.3504 low the past week and continued further upside gains Monday, its key resistance residing at the 1.4981 level, its Jan 16'09 high is now being threatened to be recaptured. If that materializes, a run at higher prices is expected with the 1.5374 level, its Jan 08'09 high and the 1.5484 level, representing its . 382 Ret (1.8669 to 1.3504 decline) seen as the next two upside objectives.
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The Euro strengthens, 1.30 on focus by FXstreet.com
Euro daily rally from 1.2810 resumes in early U.S. is trying to break resistance at 1.30, as the negative influence of rumours about troubled Russian banks seems to be vanishing in U.S. session.
Technical Analysis: Currencies − Downward−sloping ‘wedge' formation was broken this month. by Mizuho Corporate Bank
Since collapsing from a fifteen−year high at 22.000, this currency pair has been forming a downward−sloping ‘wedge' formation which was broken this month.
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
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Feb 11 | 07:00 | Consumer Price Index (MoM) | -0.5% | 0.3% |
| Feb 11 | 07:00 | Consumer Price Index (YoY) | 0.9% | 1.1% |
EMU economic indicators - German CPI in January is likely to be confirmed at −0.5% mom and 0.9% yoy by BHF−Bank
In the coming months, inflation is expected to decrease further due to oil price related base effects. Furthermore, the ongoing recession and the financial crisis are dampening aggregate demand, thus limiting the scope for raising prices.
[ Full Story ]Top Market Movers Review
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 10 | 15:00 | Wholesale Inventories | -1.4% | -0.7% | -0.6% |
DATA SNAP: US Wholesale Inventories Below Expectations (Dow Jones)
U.S. wholesalers slashed inventories during December, adjusting to plunging demand in a deepening recession. Wholesale inventories decreased by 1.4% compared to the prior month, dropping to a seasonally adjusted $427.50 billion, the Commerce Department said Tuesday.
[ Full Story ]- Read the Wholesale Inventories data at Census Bureau
- UPDATE 1−U.S. wholesale inventories see record fall in Dec (Thomson Financial News)
- U.S. wholesale inventories fall a record 1.4 pct in Dec (Thomson Financial News)
- TABLE−U.S. Dec wholesale inventories fell 1.4 pct (Thomson Financial News)
US economic indicators - Wholesale inventories could have declined by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 10 | 15:00 | US | Timothy Geithner Speech | |||
| 15:00 | US | Wholesale Inventories (Dec) | -1.4% | -0.7% | -0.6% | |
| 18:00 | US | Fed's Bernanke testifies | ||||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Feb 8) | -52 | |||
| 23:30 | AU | Westpac Consumer Confidence (Feb) | -2.2% | |||
| Feb 11 | 00:30 | AU | Home Loans (Dec) | 3.5% | 1.3% | |
| 00:30 | AU | Investment Lending (Dec) | 1.0% | -6.1% | ||