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ASIA-PACIFIC Trading Newsletter
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Forex Blogs
FX Path: Manual vs. Automated Trailing Stops in Forex Trading by James Chen
The markets are somewhat quiet today, so I thought I would give my perspective on trailing stops, specifically the difference between manual and automated trailing stops. I touch on this subject relatively often in my talks and webinars, so I wanted to give my thoughts on this important topic.
FX Market Readings: More corrections in EURO and GBP a buy strategy by players by Dr.S. Sivaraman
Find other felow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
Eyes on the Yen – CADJPY & GBPJPY Weekly Review
Expert: Mihai Marinescu
Start: Tue, Feb 17, 10:00 GMT
Type of Session: Webinar
Live Intraday trading using technical analysis
Expert: Peter Leonidou
Start: Tue, Feb 17, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Feb 16, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Feb 17, 10:00 GMT | Eyes on the Yen – CADJPY & GBPJPY Weekly Review | Mihai Marinescu | WBN |  |
| Tue, Feb 17, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Feb 17, 13:00 GMT | Live Intraday trading using technical analysis | Peter Leonidou | WBN | |
| Tue, Feb 17, 14:00 GMT | Taking a New Look at Bollinger Bands: New Methods & Techniques Revealed − Part II | S.A Ghafari | WBN | |
Current Session: U.S.
Yen weakens and net long JPY positions are reduced
Danske Bank A/S − There have only been a few changes to overall speculative positions, which were built slightly in the week to 10 February. Speculative investors remain net long USD against all currencies, covered in the IMM data, except JPY. Following a run−up in USD/JPY towards 92 by 10 February, on improved risk sentiment ahead of the presentation of the US financial rescue plan, speculative investors reduced net long JPY positions slightly.
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Price action on USD/JPY has formed an uptrend by FX Solutions
Price action on USD/JPY, a daily chart of which is shown, has begun to form an uptrend support line extending from the second test of the 13−year lows (just above 87.00) hit in late January.
EUR USD is in a range between 1,2730 and 1,2940 by Mataf.net
The volatility is high. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD.
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 | -25 | -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 ]EMU economic indicators - German ZEW economic sentiment (February): up by BHF−Bank
Top Market Movers Review
Canada FOREIGN INVESTMENT IN CANADIAN SECURITIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 16 | 13:30 | Foreign investment in Canadian securities | -$2.835B | -$2.500B | -$4.298B |
| Feb 16 | 13:30 | Canadian Investment in Foreign Securities | $6.378B | - | $2.613B |
USD/CAD: Dollar trying to find support at 1.2450 (FXstreet.com)
The USD has moved slowly but steady against its Canadian counterpart, from daily low at 1.2395 breaking resistance level at 1.2450 in Early U.S session, to reach as high as 1.2487 before dropping back to test 1.2450 support.
[ Full Story ]- Read the TICs data at Statistics Canada
- Foreigners sold C$ −2.835 B Canadian securities in December (FXstreet.com)
- Canadians sold C$6.378 B in Foreign Securities in Dec (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 16 | 00:00 | US | President's Day Bank Holiday | |||
| 14:45 | EMU | ECB Trichet's Speech | ||||
| 23:50 | JP | Tertiary Industry Index (MoM) (Dec) | -1.6% | -0.9% | ||
| Feb 17 | 00:30 | AU | RBA Meeting's Minutes | |||
| 06:00 | JP | Machine Tool Orders (YoY) (Jan) | -84.4% | |||
| 08:15 | CH | Adjusted Real Retail Sales (YoY) (Dec) | -1.4% | |||
| 09:30 | UK | Consumer Price Index (MoM) (Jan) | -1.0% | -0.4% | ||