Wednesday, Feb 18, 16:45 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
FX Path: AUD/USD − 4th Touch of Support by James Chen
AUD/USD Daily ChartPrice on AUD/USD, a daily chart of which is shown, has just made a fourth touch of an uptrend support line extending from the 5−year lows (just above 0.6000) hit in late October.
The Advisor Blog: Usd/Jpy Technical points by Valeria Bednarik
Find other felow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Feb 18, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
MONTHLY WEBINAR: Part 1 − My Favorite Patterns To Trade
Expert: Derek Frey
Start: Thu, Feb 19, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Feb 18, 17:00 GMT | The Obama Dollar Stimulus | Joseph Trevisani | WBN |  |
| Wed, Feb 18, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Feb 19, 14:00 GMT | MONTHLY WEBINAR: Part 1 − My Favorite Patterns To Trade | Derek Frey | WBN | |
| Thu, Feb 19, 16:00 GMT | MONTHLY WEBINAR: Part 2 − Real−Time Applications of My Favorite Patterns  | Derek Frey | WBN | |
| Fri, Feb 20, 08:30 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
Current Session: U.S.
Dollar above 93.00 at six−week high fuelled by U.S. Gov. economic plans
FXstreet.com.com −The USD has reached past Feb 17 high at 92.80 on early U.S. session to levels not seen since early January, on a positive market reaction to U.S. attempts to revive economy.
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EUR and CAD technical breakout, watch RSI by Easy Forex
EUR broke to the downside of its recent 1.2700−1.3050 range pressured by report that Moody's threatens to downgrade some Eastern European banks. Fear that Eastern European bank turmoil may spread to Western European banks sparked aggressive selling of the EUR Tuesday
$/yen, still long but get aggressive with stops.... by FXA
Bigger picture view in $/yen remains unchanged as the market is trading within the 87.15/94.60 range since Dec. Though the series of 3 wave moves (a−b−c's) suggests an eventual downside resolution, been warning that there is scope for a final test of the ceiling at 94.60 first.
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
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Feb 19 | 03:00 | BoJ Interest Rate Decision | 0.1% | 0.1% |
BoJ preview: Unconventional easing to be stepped up by Danske Bank A/S
The Bank of Japan (BoJ) has today started its two−day monetary meeting and will announce its interest rate decision early tomorrow morning. Despite the recent dismal economic indicators, we expect BoJ to leave its leading O/N target rate unchanged at 0.1%.
[ Full Story ]- Read the Rate data at Bank of Japan
Top Market Movers Review
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 18 | 14:15 | Industrial Production (MoM) | -1.8% | -1.4% | -2.4% |
| Feb 18 | 14:15 | Capacity Utilization | 72.0% | 72.5% | 73.3% |
US January Industrial Production −1.8%, Cap Use 72.0% (Dow Jones)
U.S. industrial production in January continued to fall, tumbling slightly more than Wall Street expected. Industrial production fell 1.8% in January, the Federal Reserve said Wednesday. Output fell a revised 2.4% in December.
[ Full Story ]- Read the Industrial Production data at the Fed
- US Industrial Production−STATS−Historical (Dow Jones)
- Table Of Data On US Capacity Utilization (Dow Jones)
- Table Of Data On US Capacity Utilization (Dow Jones)
US economic indicators - Industrial production (Jan): sharp fall due to high inventories and plummeting car production by BHF−Bank
US HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 18 | 13:30 | Building Permits (MoM) | 0.520M | 0.530M | 0.547M |
| Feb 18 | 13:30 | Housing Starts (YoY) | 0.47M | 0.53M | 0.56M |
DATA SNAP: US Jan Housing Starts Fall More Than Expected (Dow Jones)
Home construction fell a seventh straight month during January and a sign of future building tumbled as high inventories and the recession sent builders into further retreat. Housing starts decreased 16.8% to a seasonally adjusted 466,000 annual rate compared to the prior month, after dropping 14.5% in December to 560,000.
[ Full Story ]- Read the Housing Starts data at Census Bureau
- US ECONOMIC INDICATORS: Housing Data, Latest 6 Months (Dow Jones)
- US Housing Starts/Building Permits−STATS−Historical (Dow Jones)
- US Housing Starts/Building −2− (Dow Jones)
Trading News Report - EUR/USD: Trading the U.S. Housing Starts Report by FXCM
Daily Global Commentary - Housing Market Index Showing Signs of Stability? by Northern Trust
US economic indicators - Housing starts (Jan): record low NAHB index signals another decline by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 18 | 14:15 | US | Capacity Utilization (Jan) | 72.0% | 72.5% | 73.3% |
| 14:15 | US | Industrial Production (MoM) | -1.8% | -1.4% | -2.4% |
|
| 17:30 | US | Fed's Bernanke Speech | ||||
| 19:00 | US | FOMC Minutes | ||||
| Feb 19 | 00:30 | AU | New Motor Vehicle Sales (MoM) (Jan) | 1.8% | ||
| 00:30 | AU | New Motor Vehicle Sales (YoY) (Jan) | -15.7% | |||
| 03:00 | JP | BoJ Interest Rate Decision | 0.1% | 0.1% | ||