Friday, Feb 13, 17:10 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: AUD/USD − Consolidation Near Lows by James Chen
Price action on the AUD/USD daily chart, as shown, has been consolidating near the pair's 5−year low (around 0.6000), which was hit in late October. Extending from that low, a gradual uptrend support line has formed that price has been adhering to. Currently, price is oscillating between this trendline and strong resistance in the 0.6800 region.
Forex Trading Today: AUD/USD finds a Wave after all…but Will We Crash? by Tim Salem (CVJ)
Find other felow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Feb 16, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Mon, Feb 16, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Feb 16, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Feb 16, 11:00 GMT | Professional Gaps vs Novice Gaps in the Forex Markets  | Sam Seiden | WBN |  |
| Mon, Feb 16, 12:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN | |
| Mon, Feb 16, 14:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
| Mon, Feb 16, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: U.S.
EURUSD: The 1.2706/22 Area Continues To Limit Downside
FXTechstrategy − EURUSD: The 1.2766 level, its Jan 23'09 low and 1.2706 level, its Feb 02'09 low as well as Thursday low at 1.2722 are now seen as the price levels that are limiting EUR's attempts at retesting and possibly breaking its 2008 swing low at 1.2330.This is the third time the pair is failing at that area and if that continues to be seen especially now that it has broken out of declining ST channel, we could see upside momentum building up for a potential upmove.
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Euro and GBP continue climbing on risk appetite by FXstreet.com
The GBP USD has moved from 1.4360 to levels around 1.4450, but could not hold and has fallen back to the area around 1.4400.
The JPY fell versus EUR and USD by Varengold Wertpapierhandelsbank AG
The JPY fell versus EUR and USD on speculation that Asian stock gains may revive investors' appetite for riskier assets and reducing demand for the Japanese currency as a haven. USD/JPY extended its gains and climbed up to 91.27 in the morning.
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 ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Feb 17 | 10:00 | ZEW Survey − Economic Sentiment | - | -31 |
Friday Notes - The ZEW growth expectations now extend into the second half of the year by UniCredit Group
Contrary to the recent bleak hard data, numerous leading indicators around the globe are pointing slightly north at the beginning of the year. This is nurturing the hope that the economy will at least stabilize after mid−year. The ZEW growth expectations now extend into the second half of the year. Despite the strong increase already in January, the level remains well below the long−term average of over +25. For that reason, we also expect a substantial increase in the growth expectations in February.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 13 | 14:55 | Reuters/Michigan Consumer Sentiment Index | 56.2 | 61.5 | 61.2 |
Reuters/Univ Michigan Mid−Feb Sentiment 56.2; Jan 61.2 (Dow Jones)
Consumer sentiment levels lost yet more ground as of the middle of February. The Reuters/University of Michigan preliminary consumer sentiment index for February, released Friday, stood at 56.2, from 61.2 in January. It had been expected to stand at 60.0.
[ Full Story ]- Read the Reuters/University of Michigan Surveys of Consumers
- UPDATE 1−U.S. consumers' mood falls sharply in February (Thomson Financial News)
- INSTANT VIEW 4−U.S. consumers' mood sours in February (Thomson Financial News)
- INSTANT VIEW 3−U.S. consumers' mood sours in Feb (Thomson Financial News)
US economic indicators - # UMI consumer sentiment (February): down slightly by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 13 | 13:30 | CA | New Motor Vehicle Sales (MoM) (Dec) | -14.8% | -15.0% | -7.0% |
| 14:55 | US | Reuters/Michigan Consumer Sentiment Index (Feb)  | 56.2 | 61.5 | 61.2 | |
| Feb 15 | 21:45 | NZ | Producer Price Index − Input (QoQ) (4Q) | 0.2% | 3.7% | |
| 21:45 | NZ | Producer Price Index − Output (QoQ) | 0.2% | 2.8% | ||
| 23:50 | JP | Gross Domestic Product (QoQ) (4Q) | -3.1% | -0.5% | ||
| 23:50 | JP | Gross Domestic Product Annualized (4Q) | -11.7% | -1.8% | ||
| Feb 16 | 00:01 | UK | Rightmove House Price Index (MoM) (Feb) | -1.9% | ||