Thursday, Feb 19, 17:13 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- WEBINAR VIDEOS: Professional Gaps vs Novice Gaps in the Forex Markets by Sam Seiden
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: EUR/USD − Pullback to the Line by James Chen
After breaking down cleanly below the uptrend support line extending from the long−term low hit in late October, price action on EUR/USD, a daily chart of which is shown, has pulled back up to the line, which should now act as some resistance for the pair.
Forex Trading Today: USD/CAD Falls as Crude Bounces off an Hourly Triple Bottom by Tim Salem
Find other felow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Fri, Feb 20, 08:30 GMT
Type of Session: Webinar
Long−term profitability in Foreign exchange Markets
Expert: Lea Peters
Start: Fri, Feb 20, 13:00 GMT
Type of Session: Webinar
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| 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 | |
| Fri, Feb 20, 10:00 GMT | The "Flag" chart pattern | Sunil Mangwani | WBN |  |
| Fri, Feb 20, 13:00 GMT | Long−term profitability in Foreign exchange Markets | Lea Peters | WBN | |
| Fri, Feb 20, 14:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
Current Session: U.S.
The GBP/USD fall sharply on Philadelphia Manufacturing data
FXstreet.com − The Pound has risen to the 1.4447 resistance, 50% fibo retracement, and then has been trading above the 1.4400 support. But after the Philadelphia Manufacturing data, the pair has fallen sharply, breaking the 1.4400 and testing the 1.4300 next support.
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Further Downside Momentum Highlights The 1.2330 Level by FXTechstrategy
As a follow−through on its current downside momentum tested below its key support (the 1.2551 level, marking its Dec 04'08 low) intra day at 1.2514 Wednesday before backing off to close at 1.2566,decisively invalidating the 1.2551 level will highlight its Oct'08 swing low at 1.2330...
JPY Corrects as the Currency Falls out of Favor with Traders by ForexYard
The Yen continued to depreciate as investors are choosing the Dollar over the Yen for a safe haven trade. The JPY fell against the USD and closed around 93.65. Moreover; the Japanese Yen lost almost 150 pips versus the EUR, closing at 117.70 and just around 200 pips versus the GBP.
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 PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Feb 20 | 08:30 | Purchasing Manager Index Manufacturing | 32.5 | 32.0 |
| Feb 20 | 08:30 | Purchasing Manager Index Services | 45.0 | 45.2 |
EMU economic indicators - PMI manufacturing indices Germany and EMU (February): stable at least by BHF−Bank
The French business confidence and the Purchasing Managers' Indices for the German and EMU manufacturing sector could have stabilised or even improved in February, because some of the ifo indicators relating to new orders went up in January.
[ Full Story ]Top Market Movers Review
US PHILADELPHIA FED MANUFACTURING SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 19 | 15:00 | Philadelphia Fed Manufacturing Survey | -41.3 | -24.5 | -24.3 |
EUR/USD: Euro Back below 1.2735 on worse than expected Philly Fed Index (FXstreet.com)
EUR/USD has reversed its upward trend after reaching a new intra−day high at 1.2760, to drop below 1.2735 on a bearish reaction to dreadful Philadelphia Fed Business Index.
[ Full Story ]- Read the Manufacturing Survey data at Philadelphia Fed
- CORRECT:DATA SNAP: Philadelphia Fed: Factories See Activity Fall (Dow Jones)
- DATA SNAP: Philadelphia Fed: Factories See Activity Fall Further (Dow Jones)
- U.S. markets open to the upside but gloomy Philly Fed Index weighs on Euro and Pound (FXstreet.com)
US economic indicators - The Philadelphia Fed index could fall back to –30 in February by BHF−Bank
US PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 19 | 13:30 | Producer Price Index (MoM) | 0.8% | 0.2% | -1.9% |
| Feb 19 | 13:30 | Producer Price Index ex Food & Energy (YoY) | 4.2% | 3.8% | 4.2% |
| Feb 19 | 13:30 | Producer Price Index ex Food & Energy (MoM) | 0.4% | 0.1% | 0.2% |
| Feb 19 | 13:30 | Producer Price Index (YoY) | 1.0% | -2.6% | -0.9% |
DATA SNAP: US PPI Jumps In Feb; Easing Deflation Worries (Dow Jones)
U.S. producer prices rebounded last month for a wide range of products from energy and automobiles to communications equipment and prescription drugs, easing concerns that the economy may face a deflationary spiral of lower prices and spending. However, pipeline inflation pressures stayed under wraps while wholesale prices fell 1% from one year ago, suggesting that inflation isn't a threat, either.
[ Full Story ]- Read the PPI data at Labor Department
- UPDATE: US Deflation Fears Ease; Feb Payrolls Set To Plunge (Dow Jones)
- US Producer Price Index−STATS−Historical (Dow Jones)
- CORRECT:DATA SNAP: US PPI Jumps In Jan; Easing Deflation Worries (Dow Jones)
US economic indicators - Producer prices might have increased slightly by 0.3% mom by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 19 | 15:00 | US | Leading Indicators (MoM) (Jan) | 0.4% | 0.0% | 0.2% |
| 15:00 | US | Philadelphia Fed Manufacturing Survey (Feb) | -41.3 | -24.5 | -24.3 | |
| 23:50 | JP | All Industry Activity Index (MoM) (Dec) | -2.7% | -2.3% | ||
| Feb 20 | 05:00 | JP | Bank of Japan Monthly Economic Survey (Feb) | |||
| 08:30 | DE | Purchasing Manager Index Manufacturing (Jan) | 32.5 | 32.0 | ||
| 08:30 | DE | Purchasing Manager Index Services (Feb) | 45.0 | 45.2 | ||
| 09:00 | EMU | Purchasing Manager Index Manufacturing (Feb) | 35.0 | 34.4 | ||