Tuesday, Oct 09, 16:08 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Wed, Oct 10, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Analysis of the FOMC Minutes Impact
Expert: Tony Juste
Start: Wed, Oct 10, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 9, 16:00 GMT | Longer−term Support and Resistance Trading: Setups and Rules | Rob Booker | WBN | |
| Tue, Oct 9, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Oct 10, 09:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN | |
| Wed, Oct 10, 10:00 GMT | What Moves Currencies? − Analysis of the FOMC Minutes Impact | Tony Juste | WBN | |
| Wed, Oct 10, 11:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Dollar Remains Firm ahead of FOMC Meeting Minutes by ActionForex.com
USD/JPY continues to trade in tight range below 117.58 today. Further rally is still expected as long as 116.34 support holds. Current rise is treated as resumption of corrective rebound rom 111.59 and is expected to extend to 100% projection of 111.59 to 117.11 from 112.58 at 118.10 before completion.
- Know what's behind the Markets 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:
Daily Technical Strategist − EURUSD: Corrective Downmove Continues To Target The 1.4000 Area by FXTechstrategy
Daily Forex Forecast by FXDream
FX Thoughts for the Day − FX Thoughts for the day − Evening − 09−Oct−2007....1155 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Continues to move up above pivot level 1.4079
10/09/2007 15:42 GMT - GBP/USD
- Continues to move up above first support level 2.0320
10/09/2007 15:42 GMT - USD/CHF
- Continues to move down below pivot level 1.1831
10/09/2007 15:43 GMT - USD/JPY
- Trades around first support level 117.03
10/09/2007 15:43 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
US FOMC MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 9 | 18:00 | FOMC Minutes | - | - |
Daily Forex Commentary - Minutes from FOMC by Jyske Bank
Today's highlight is the release of the minutes from the September 18 FOMC meeting where FED surprisingly cut rates by 50bp instead of 25bp. For the first time in a long time FED chose to surprise the market and the committee had prior to the meeting given diverging statements.
[ Full Story ]Daily Forex Technical Report − Dollar Continues Higher, Focus Turns to FOMC Minutes by ActionForex.com
Daily Market Briefing - US Dollar: What to Look for in the FOMC Minutes by FXCM
Top Market Movers Review
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 9 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | 5.1% | 3.9% | 4.6% |
| Oct 9 | 10:00 | Industrial Production s.a. (MoM) | 1.7% | 0.5% | 0.2% |
DATA SNAP: German Aug Indus Output +1.7%, Higher Than Seen (Dow Jones)
German industrial production grew at a much faster rate than anticipated in August, led by manufacturing growth. The German Economics Ministry said Tuesday that industrial production rose a seasonally−adjusted 1.7% on the month in August and a workday− adjusted 5.1% on the year.
[ Full Story ]- Federal Ministry of Economics and Technology homepage
- German Aug industrial output up 1.7 pct from July; above consensus of 0.5 pct (Thomson Financial News)
- German Industrial Output grows larger than expected in August (FXstreet.com)
- Germany Aug Industrial Output. (MoM)increases 1.7% on the month; 5.1% up on the year (FXstreet.com)
UK TOTAL TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 9 | 08:30 | Total Trade Balance | -4.1B | - | -4.6B |
DATA SNAP: UK Goods Trade Deficit Narrows; Exports At 1Yr High (Dow Jones)
The U.K.'s goods trade deficit with the rest of the world narrowed to GBP6.9 billion in August from a revised GBP7.4 billion in July as exports rose to their highest level in a year, the Office for National Statistics said Tuesday.
[ Full Story ]- Read the UK Trade data at National Statistics
- UPDATE: UK Goods Trade Deficit Narrows; Exports At 1−Yr High (Dow Jones)
- UK Aug trade in goods deficit 6.9 bln stg vs upwardly revised 7.4 bln in July (Thomson Financial News)
- UK trade gap narrows in August to 4.1 billion (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 9 | 12:15 | CA | Housing Starts (YoY) (Sep) | 278.2K | 218.0K | 226.5K |
| 18:00 | US | FOMC Minutes | ||||
| Oct 10 | 00:30 | AU | Westpac Consumer Confidence (Oct) | 4.2% | ||
| 14:00 | US | Wholesale Inventories (Aug) | 0.3% | 0.2% | ||
| 14:30 | US | EIA Crude Oil Stocks | 1.2M | |||
| 14:30 | UK | Leading Indicator Index | -0.2% | |||
| 23:50 | JP | Current Account (Aug) | ¥2240B | ¥1856B | ||