Tuesday, Oct 02, 15:51 GMT
ASIA-PACIFIC Trading Newsletter
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The Brokers (re) Evolution: NFA Regulation
Sep 29, 13:05 GMTCFTC approves approves changes requested by the NFA by FXstreet.com
NFA has received notice that the Commodity Futures Trading Commission has approved changes to NFA Financial Requirements Section 11 and the Interpretive Notice entitled "Forex Transactions." The amendments increase the minimum net capital requirement for Forex Dealer Members (FDMs) to $5,000,000.
Live Sessions Schedule
What Moves Currencies? − Carry Watch
Expert: Tony Juste
Start: Wed, Oct 3, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Main technical theme in the currency market
Expert: Jamie Saettele
Start: Wed, Oct 3, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 2, 16:00 GMT | Becoming a Professional Trader (Part 4): The 10 Power Principles of Successful Trading Systems | Markus Heitkoetter | WBN |  |
| Tue, Oct 2, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Oct 3, 10:00 GMT | What Moves Currencies? − Carry Watch | Tony Juste | WBN | |
| Wed, Oct 3, 11:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
| Wed, Oct 3, 13:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN | |
EUR/USD
Mid−Day Forex Technical Report − Euro Retreats Further after EU Officials' Comments by ActionForex.com
EUR/USD's retreat from 1.4281 extends further today. Break of 1.4189 support confirmed that a short term top is in place after meeting mentioned target of 200% projection of 1.3360 to 1.3719 from 1.3550 at 1.4268. Further pull back should be seen towards channel support (now at 1.4107).
- New intraday swing: the USD fights back, Swissy looks good for a long take at Tony Juste's blog
- New Webinars Video − Access now Educational Sessions Recordings
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Forex Trading Strategies − USD Strikes Back Ahead of Housing Figures by Saxo Bank
Technical Summary for Majors − Technical Summary for Majors by Windsor Brokers Ltd
Daily Forex Forecast − Daily Forex Forecast by FXDream
Currencies at a Glance
- EUR/USD
- Continues to trade below second support level 1.4170
10/02/2007 15:32 GMT - GBP/USD
- Stays below pivot level 2.0434
10/02/2007 15:33 GMT - USD/CHF
- Moves down below second resistant level 1.1770
10/02/2007 15:33 GMT - USD/JPY
- Trades around opening price level 115.76 , above pivot level 115.49
10/02/2007 15:33 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
UK PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 3 | 08:30 | Purchasing Manager Index Services | 56.8 | 57.6 |
Friday Notes - Ailing USD hurts sentiment by HVB Group
The services PMI so far in Q3 have shown good resilience to past increases in interest rates, with the July− August average remaining broadly in line with Q2. However, we think that the ongoing dislocation in money markets, and even more the Northern Rock crisis, should have affected sentiment particularly within the financial sector.
[ Full Story ]Top Market Movers Review
US PENDING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 2 | 14:00 | Pending Home Sales (MoM) | -6.5% | -2.0% | -12.2% |
US Pending Home Sales Index Drops To Lowest Ever In Aug (Dow Jones)
The battered housing sector took another blow Tuesday, with an industry group reporting a gauge of pending home sales tumbled to its lowest level ever as the credit crunch restrains purchases.
[ Full Story ]- National association of realtors Homepage
- US August pending home sales index falls 6.5 pct, hits record low point (Thomson Financial News)
- U.S. pending home sales decrease larger than expected in August (FXstreet.com)
- U.S. Aug Pending Home Sales fall 6.5% on the month; −21.5% on the year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 2 | 14:00 | US | Pending Home Sales (MoM) (Aug) | -6.5% | -2.0% | -12.2% |
| 23:01 | UK | Nationwide Consumer Confidence (Sep) | 90 | 94 | ||
| 23:30 | AU | RBA Interest Rate Decision | 6.5% | 6.5% | ||
| Oct 3 | 01:30 | AU | Retail Sales (MoM) (Aug) | 0.3% | 0.9% | |
| 01:30 | AU | Trade Balance (Aug) | -1400 | -756 | ||
| 07:55 | DE | Purchasing Manager Index Services (Sep) | 56.1 | 59.8 | ||
| 08:00 | EMU | Purchasing Manager Index Services (Sep) | 54 | 58 | ||