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ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Jan 6, 15:00 GMT
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Jan 7, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jan 5, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Jan 6, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN | |
| Tue, Jan 6, 14:00 GMT | New Year's trading resolutions | Adam Rosen | WBN |  |
| Tue, Jan 6, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Jan 6, 16:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: U.S.
EUR/USD
Euro and Yen Selling Dominates the Markets
(ActionForex.com) − EUR/USD's decline from 1.4719 resumed today and dives to as low as 1.3553 so far. Break of mentioned 1.3629 cluster support is consistent with the view that rise from 1.2423 has completed already. At this point, intraday bias remains on the downside as long as 1.3944 minor resistance holds. As discussed before, correction from 1.2329 low is possibly completed too and deeper fall could now be seen to retest this low first. On the upside, above 1.3944 will mix up the short term outlook again and open up the scenario that fall from 1.4719 is corrective in nature.
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GBP/USD
Cable has strengthened during the day by Kshitij Consultancy Service
Cable has strengthened during the day. During the last week, it faced Resistance from the 8−week MA and shyed away. A dip if seen during the US session could be Supported at 1.4322 which is a trendline Support on the daily chart.
GOLD
Gold Daily Technical Outlook by Oil N' Gold
Gold retreats once again but after all it's still staying above 829.80 support. While some sideway trading might still be seen, further rise is still in favor to test 936.3 resistance first. As discussed before, break there will confirm that whole consolidation from 1033.9 has completed
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
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Jan 6 | 10:00 | Consumer Price Index (YoY) | 1.8% | 2.1% |
EMU economic indicators - EMU inflation flash estimate (December): down to 1.6% yoy by BHF−Bank
The Eurostat flash estimate is likely to show that euro area inflation has decreased further to 1.6% yoy in December. Hence, the inflation rate would be below the threshold of 2 % for the first time since August 2007. This would correspond with a monthly decrease in HICP of 0.1 % in unadjusted terms.
[ Full Story ]Top Market Movers Review
US CONSTRUCTION SPENDING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 5 | 15:00 | Construction Spending (MoM) | -0.6% | -1.3% | -0.4% |
DATA SNAP: US Nov Construction Outlays Above Expected (Dow Jones)
U.S. construction spending in November fell much less than expected as outlays rose in the commercial and government sectors. Total spending decreased by 0.6% at a seasonally adjusted annual rate of $1.078 trillion, the Commerce Department said Monday.
[ Full Story ]- Read the Construction Spending data at Census Bureau
- US Construction Spending, above expectations in November (FXstreet.com)
- US construction spending falls less than expected (Thomson Financial News)
- TABLE−U.S. Nov construction spending fell 0.6 pct (Thomson Financial News)
Mid−Day Forex Technical Report − Euro and Yen Selling Dominates the Markets by ActionForex.com
US economic indicators - Construction spending: Expected to fall by 1.5% mom in November by BHF−Bank
Daily Forex Technical Report − Aussie Firm as Stocks Rally by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 5 | 09:30 | UK | PMI Construction (Dec) | 29.3 | 31.8 | |
| 15:00 | US | Construction Spending (MoM) (Nov) | -0.6% | -1.3% | -0.4% |
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| 23:30 | JP | Monetary Base (YoY) (Dec) | 1.9% | |||
| Jan 6 | 07:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Dec) | -14.7% | -13.9% | |
| 07:00 | UK | Nationwide Housing Prices s.a (MoM) (Dec) | -1.5% | -0.4% | ||
| 08:55 | DE | Purchasing Manager Index Services (Dec) | 46.4 | 45.1 | ||
| 09:00 | EMU | Purchasing Manager Index Services (Dec) | 42.0 | 42.5 | ||