Wednesday, Feb 11, 17:14 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
Chartology: The 15 minute bear flag followed through, now what? Set up a trend follow! by Raghee Horner
The downtrend that has initiated from the breakdown has formed 1) a four to six o'clock mark down cycle and 2) an opportunity to set up swing shorts within a down channel.
FX Path: USD/CAD - Struggling Bulls by James Chen
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Feb 11, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Feb 12, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Feb 11, 17:00 GMT | Showroom: Presentation of TradeCADJPY.com | Mihai Marinescu | SHW | |
| Wed, Feb 11, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Feb 12, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Feb 12, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Thu, Feb 12, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
EUR/USD: The Euro, rejected by the 1.2990 level; 1.2850 on sight
FXstreet.com − The EUR/USD failure to break through intra−day high has produced a selling reaction that has taken the cross down to 1.2900 so far, dropping about 80 pips in early U.S. session, next important level on the downside would be 1.2850, before getting back into the downward trend channel from Dic 18.
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Daily Technical Strategist − GBPUSD: Failure At The 1.4986 Level Sees GBP Collapsing Lower by FXTechstrategy
Failure At The 1.4986 Level Sees GBP Collapsing Lower− The pair's nearer term upside resumption stalled on Tuesday after it collapsed through the 1.4578 level, its Feb 04'09 high to close lower at 1.4557...
USD/JPY was sitting near the 90 level by FOREX.com
The yen crosses barely budged and USD/JPY was sitting near the 90 level while EUR/JPY was by 116.60 ahead of the NY open.
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 INDUSTRIAL PRODUCTION W.D.A.
| Date (GMT) | Event | Cons. | Previous | |
| Feb 12 | 10:00 | Industrial Production w.d.a. (YoY) | -9.5% | -7.7% |
| Feb 12 | 10:00 | Industrial Production s.a. (MoM) | -2.5% | -1.6% |
EMU economic indicators - EMU industrial production (December): down by BHF−Bank
French, Italian and EMU industrial production will probably have continued declining in December, because all of the correlated indicators dropped. Following the seasonal pattern, the German trade balance will probably have deteriorated in December, whereas the German current account might have even improved.
[ Full Story ]Top Market Movers Review
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 11 | 13:30 | Trade Balance | -$39.93B | -$35.90 | -$41.58B |
WRAPUP 1−US trade gap shrinks, mortgage applications tumble (Thomson Financial News)
The U.S. trade deficit shrank 4 percent in December, as the global financial crisis cut U.S. imports and exports for the fifth straight month, while U.S. demand for mortgages tumbled nearly 25 percent last week as potential buyers held out for better terms.
[ Full Story ]- Read the Trade Balance data at Census Bureau
- EUR/USD: Euro breaks 1.2990 after U.S: Trade balance (FXstreet.com)
- CORRECT: Table Of U.S. Trade Data −4: Petroleum, Products Imports (Dow Jones)
- U.S trade deficit shrinks 4 pct in December (Thomson Financial News)
US economic indicators - Trade balance (December): narrower deficit by BHF−Bank
Friday Notes - The trade balance was probably unchanged by UniCredit Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 11 | 13:30 | CA | International Merchandise Trade (Dec) | $-0.458B | $0.800B | $1.160B |
| 13:30 | US | Trade Balance (Dec) | $-39.93B | -$35.90 | -$41.58B |
|
| 19:00 | US | Monthly Budget Statement (Jan) | -75.0B | -83.6 | ||
| 21:45 | NZ | Food Price Index (MoM) (Dec) | -0.2% | |||
| 23:50 | JP | Domestic Corporate Goods Price Index (YoY) (Jan) | 0.3% | 1.1% | ||
| Feb 12 | 00:00 | AU | Consumer Inflation Expectation (Feb) | 2.7% | ||
| 00:30 | AU | Employment Change (Jan) | -18.0K | -1.2K | ||