Thursday, Feb 12, 15:41 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/USD − Sixth Touch of Support by James Chen
As of Thursday morning (2/12/2009), price action on EUR/USD has made what amounts to the sixth solid touch of uptrend line support. This uptrend line extends from the low of 1.2330 reached in late October.
Forex Trading Today: Retail Sales and Initial Jobless Claims Clip the Dollar…What? by Tim Salem
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Live Sessions Schedule
Trading Plans − Rules for a Long Term Trader
Expert: Steve Misic
Start: Thu, Feb 12, 17:00 GMT
Type of Session: Webinar
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Fri, Feb 13, 08:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Feb 12, 14:30 GMT | US Session Open  | Ed Ponsi | WBN |  |
| Thu, Feb 12, 16:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
| Thu, Feb 12, 17:00 GMT | Trading Plans − Rules for a Long Term Trader | Steve Misic | WBN | |
| Thu, Feb 12, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Fri, Feb 13, 08:30 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
Current Session: U.S.
The EUR/USD broke the 1.2750 support after US stocks open
FXstreet.com (Barcelona) − The EUR/USD has fallen more than 150 pips, in the hour after U.S. retail sales data and the moments after opening bell, breaking the 1.2750 level and looking for the 1,2700 support, (February 2nd low). If the pair break the 1,2700 level, it could go to the 1.2550 land, minimum since December 4th
.
GBP/USD: The Pound breaks though 1.4200 support; 1.4060 on sight by FXstreet.com
The Pound continues heading down against the Dollar. Sterling has dropped from 1.4400 at the start of the European session breaking resistance at 1.4200 and is trying to bounce up from 1.4130.
GBPUSD: Price Collapse Targeting The 1.4045 Level by FXTechstrategy
As a third−day of downside weakness is in progress, further declines targeting its Jan'2002 low at 1.4045 is now envisaged. This is coming on the heels of its Wednesday weakness through the 1.4352 level, its Dec 31'08 low following its recent recovery failure at the 1.4986 level on Feb 09'09.
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 GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Cons. | Previous | |
| Feb 13 | 07:00 | Gross Domestic Product w.d.a (YoY) | - | 0.8% |
| Feb 13 | 07:00 | Gross Domestic Product s.a (QoQ) | -1.8% | -0.5% |
| Feb 13 | 07:00 | Gross Domestic Product n.s.a (YoY) | - | 1.3% |
EMU economic indicators - German GDP (Q4 2008): down by BHF−Bank
German GDP will probably have plummeted quarter−on−quarter in Q4 2008, just as output in the producing sector did. The previous quarters' data might be revised slightly. On 13 February, Destatis (the German Federal Statistical Office) is publishing its "flash release" on Q4 German GDP; a detailed breakdown of the components will follow on 25 February.
[ Full Story ]Top Market Movers Review
US BUSINESS INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 12 | 15:00 | Business Inventories | -1.3% | -0.6% | -1.1% |
DATA SNAP: US Inventories Fall More Than Expected In Dec (Dow Jones)
U.S. businesses cut inventories by the most in seven years during December, adjusting supplies to a deepening recession. Inventories decreased by 1.3% to a seasonally adjusted $1.461 trillion, the Commerce Department said Thursday.
[ Full Story ]- Read the Business Inventories data at Census Bureau
- U.S. Dec inventories decline biggest since 2001 (Thomson Financial News)
- TABLE−U.S. Dec business inventories fell 1.3 pct (Thomson Financial News)
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 12 | 13:30 | Retail Sales ex Autos (MoM) | 0.9% | -0.3% | -3.1% |
| Feb 12 | 13:30 | Retail Sales (MoM) | 1.0% | -0.7% | -3.0% |
DATA SNAP: US Jan Retail Sales Far Above Expectations (Dow Jones)
U.S. retail sales unexpectedly rose in January, opening the year with a broad−based increase that marked the first advance in seven months. Retail sales climbed by 1.0% last month, the Commerce Department said Thursday. Economists expected a 0.8% decline.
[ Full Story ]- Read the Retail Sales data at Census Bureau
- WRAPUP 1−U.S. retail sales rebound, new jobless claims slip (Thomson Financial News)
- INSTANT VIEW 8−US retails sales rise 1 pct in January (Thomson Financial News)
- INSTANT VIEW 7−US retails sales rise 1 pct in January (Thomson Financial News)
Friday Notes - US retail sales by UniCredit Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 12 | 13:30 | US | Continuing Jobless Claims (Jan 31) | 4810K | 4788K | |
| 15:00 | US | Business Inventories (Dec) | -1.3% | -0.6% | -1.1% |
|
| 21:45 | NZ | Retail Sales (MoM) (Dec) | 0% | |||
| 21:45 | NZ | Retail Sales ex Autos (MoM) (Dec) | -1.3% | 0.3% | ||
| Feb 13 | 07:00 | DE | Gross Domestic Product n.s.a (YoY) (4Q)  | 1.3% | ||
| 07:00 | DE | Gross Domestic Product s.a (QoQ) (4Q) | -1.8% | -0.5% | ||
| 07:00 | DE | Gross Domestic Product w.d.a (YoY) (4Q) | 0.8% | |||