Wednesday, May 13, 16:16 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
The Advisor Blog: Hourly technical report by Valeria Bednarik
EUR/USD Current price: 1.3622 − Pair is tending lower after worst than expected data both in Europe and the U.S. trigger some risk aversion across the board. Both Momentum and RSI cut their central lines and kept the bearish slope suggesting further losses in the pair, thus 1.3557 remains the key level to the downside, and only a clear break under could trigger more sells in the pair.
Chartology: Trade Anatomy on the 60 min. USD/JPY by Raghee Horner
CEO's Weblog: AvaFX reports $11.8m in revenues in Q1 2009, achieves amazing Net Profit (market making pays off) says Michael Greenberg by Francesc Riverola
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, May 13, 17:00 GMT
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Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Thu, May 14, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, May 13, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
| Wed, May 13, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, May 14, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Thu, May 14, 10:00 GMT | Forex Basics Series: Chapter 3 − Trading with unconventional figures − Free Access Day | Valeria Bednarik | WBN | |
| Thu, May 14, 11:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
Current Session: U.S.
USD/JPY strong rebound off the daily zone at 99.65 continues
FXstreet.com − Usd/Jpy strong rebound of the daily zone at 99.65 continues and the pair break briefly under the 96.00 level early Asia, accumulating 380 pips straight fall in 4 days, accordingly to dollar fall across the board. Now just around 96.00, the pair points for a retest of the 95.50 strong level, that probe to be strong both sides in the past. We could expect some rebound from there at least at a first attempt, yet clear break under, will signal further losses in the pair, and a probable retest of the 93.~ zone.
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GBP/USD
Currency Majors Technical Perspective − BOE's statement triggered a downside rally by FXstreet.com Independent Analyst Team
BOE triggered a downside rally that halted around just around the 1.5115 tough zone we have been following these past days.
EUR/USD
Strengthening With Eyes On The 1.3738 Level by FXTechstrategy
With strength continued to be seen following its recent sharp rally, risk of further upside remains on the cards with 1.3738 level being targeted.
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
US PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 14 | 12:30 | Producer Price Index (YoY) | -3.9% | -3.5% |
| May 14 | 12:30 | Producer Price Index ex Food & Energy (YoY) | 3.4% | 3.8% |
| May 14 | 12:30 | Producer Price Index ex Food & Energy (MoM) | 0.1% | 0.0% |
| May 14 | 12:30 | Producer Price Index (MoM) | 0.1% | -1.2% |
US economic indicators - We expect the PPI to have gone up by a mere 0.1% mom in April by BHF−Bank
Producer prices (PPI) unexpectedly fell by 1.2% mom in March, particularly due to a sharp drop in energy prices, and food prices also continued to decline. In April , however, gasoline prices increased by about 7% mom, but this is likely to be wiped out by the seasonal adjustment, and the decline in food prices could at least have slowed further.
[ Full Story ]Top Market Movers Review
US BUSINESS INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 13 | 14:00 | Business Inventories | -1.0% | -1.2% | -1.4% |
DATA SNAP: US Inventories Fall Less Than Expected In Mar (Dow Jones)
U.S. businesses reduced inventories in March less than expected, and a key gauge of supply buildup remained relatively high, suggesting companies will liquidate stockpiles further this spring.
[ Full Story ]- Read the Business Inventories data at Census Bureau
- US Business Inventories fall 1% in Mar (FXstreet.com)
- Table Of Data On Inventories From Commerce (Dow Jones)
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 13 | 12:30 | Retail Sales (MoM) | -0.4% | 0.0% | -1.3% |
| May 13 | 12:30 | Retail Sales ex Autos (MoM) | -0.5% | 0.0% | -1.2% |
DATA SNAP: US Apr Retail Sales Below Expectations (Dow Jones)
U.S. retail sales fell a second month in a row during April, beaten below expectations by a recession that's cost nearly 6 million jobs. Retail sales decreased by 0.4% compared to the prior month, the Commerce Department said Wednesday. Economists expected an increase of 0.1%.
[ Full Story ]- U.S. markets drop after poor retail sales: Dollar and Yen strengthen (FXstreet.com)
- Forex: USD/CAD is back above 1.1650 after dropping close to 1.1600 on weak US retail sales (FXstreet.com)
- Forex: USD/CHF tests the 1.1090/1.1100 zone after bad retail sales (FXstreet.com)
US economic indicators - Retail sales (Apr): remaining flat due to unemployment and wealth losses by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 13 | 14:00 | US | Business Inventories (Mar) | -1.0% | -1.2% | -1.4% |
| 16:00 | US | Fed's Lockhart speech | ||||
| May 14 | 07:15 | CH | Producer and Import Prices (MoM) (Apr) | 1.0% | -0.5% | |
| 07:15 | CH | Producer and Import Prices (YoY) (Apr) | -2.6% | -2.8% | ||
| 08:00 | EMU | ECB Monthly Report | ||||
| 12:30 | US | Continuing Jobless Claims (May 2) | 6400K | 6351K | ||
| 12:30 | US | Initial Jobless Claims (May 9) | 610K | 601K | ||