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NEWSLETTER ASIAN SESSION 13/11/2007

By:   AKforex
  • 13-11-2007
0
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A) CALENDAR

-12/11/2007
-GMT 23:50 JPN GDP (q/q), (Q3 P) EST 0.5% PREVIOUS -0.3%
-GMT 23:50 JPN GDP Annualized (Q3 P) EST 1.8% PREVIOUS -1.2%
Definition
Gross Domestic Product (GDP) is the total value of final goods and services produced within a country\'s borders in a year. It is one of the measures of national income and output. It may be used as one indicator of the standard of living in a country, but there may be limitations with this view.

-GMT 23:50 JPN GDP Deflator (y/y), (Q3 P) EST -0.3% PREVIOUS -0.3%

-13/11/2007
-JAPAN- BOJ Rate Decision EST 0.50% PREVIOUS 0.50%

-GMT 06:00 JPN BOJ to Release Monthly Financial and Economic Report

-GMT 06:30 JPN BOJ Governor Fukui to Speak at Regular Press Conference

-GMT 07:00 GER GDP flash (q/q), (3Q) EST % PREVIOUS 0.3%
-GMT 07:00 GER GDP flash (y/y), (3Q) EST % PREVIOUS 2.5%
Definition
Gross Domestic Product (GDP) is the total value of final goods and services produced within a country\'s borders in a year. It is one of the measures of national income and output. It may be used as one indicator of the standard of living in a country, but there may be limitations with this view.


B) SUPPORT-RESISTANCE
EURO/USD   USD/JPY   GBP/USD
R3 1.4600      110.40        2.0665
R2 1.4575      109.90        2.0640
R1 1.4560      109.75        2.0580
S1 1.4500      109.10        2.0525
S2 1.4480      108.75        2.0490
S3 1.4455      108.45        2.0410

C) WATCH
-Interest Rates
- (12/11/2007) GMT 23:50 JPN GDP
- (12/11/2007) GMT 23:50 JPN GDP Deflator
- (13/11/2007) JAPAN- BOJ Rate Decision
- (13/11/2007) GMT 06:00 JPN BOJ to Release Monthly Financial and Economic Report
- (13/11/2007) GMT 06:30 JPN BOJ Governor Fukui to Speak at Regular Press Conference


D) TRADING TIPS
BASIC CANDLESTICKS
There are different Doji candlesticks that are important. The Long-legged Doji has long upper and lower shadows and reflects considerable indecision on the part of market participants. The Gravestone Doji has only a long upper shadow and no
lower shadow. The longer the upper shadow, the more bearish the interpretation. The Dragonfly Doji is the opposite of the Gravestone Doji, the lower shadow is long and there is no upper shadow. It is usually considered quite bullish.

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AKforex
AKforex offers online forex trading as an Introducing Broker for Royal Division of IKON GM.The Royal Division is part of IKON GLOBAL MARKETS, Inc. a member of the National Futures Association (NFA) and registered with the Commodity Futures Trading Commission (CFTC) as a Forex Dealer Member/Futures

DISCLAIMER:

While AKFOREX attempts to ensure the accuracy of these data by using sources it believes to be reliable, release dates, times, items included and content are frequently subject to change, error and ommissions. These data shall not be construed as a recommendation to buy or sell any security. AKFOREX shall not assume any legal liability or responsibility for any incorrect, misleading or altered information contained herein.

Our trading platform provides sophisticated order entry and tracking of orders. All stop-loss, limit and entry orders are guaranteed against slippage except in extraordinary volatile market conditions. Trading on-line, no matter how convenient or efficient does not necessarily reduce risks associated with currency trading.



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