Tuesday, Oct 23, 16:00 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the Close. Still too many questions left...
- Final countdown: 2 days left for the ITC!!
- NEW Webinars Video - Access now Educational Sessions Recordings
- Forex Chat Room: Share your trading ideas and comments with fellow traders
- Long−term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- Special Coverage − G7 Meeting by FXstreet.com
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
The Brokers (re) Evolution: NFA Regulation
Dan Roth, CEO and President for the NFA: "The number of forex firms is not the issue for us" by FXstreet.com
"The purpose of the proposal is to improve customer protection. Acting as an off−exchange forex dealer involves greater risk than acting as an agent in on−exchange futures trading. The increase of minimum capital to at least $20 million will help ensure that forex firms can meet their obligations to their customers."
- The last minute of the story on the Special Coverage by FXstreet.com editors team
- Read the interviews with some of the main Forex Brokers' CEOs
Live Sessions Schedule
What Moves Currencies? − Focus on carry trade
Expert: Tony Juste
Start: Wed, Oct 24, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Main Fundamental theme in the Currency market
Expert: Boris Schlossberg
Start: Wed, Oct 24, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 23, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN |  |
| Tue, Oct 23, 16:00 GMT | Trading in Uncharted Territory  | Joseph Trevisani | WBN | |
| Tue, Oct 23, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Wed, Oct 24, 10:00 GMT | What Moves Currencies? − Focus on carry trade | Tony Juste | WBN | |
| Wed, Oct 24, 11:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
Current Session: U.S.
EUR/JPY
Mid−Day Forex Technical Report − Dollar Back in Pressure, CAD at New High by ActionForex.com
EUR/JPY's fall from 167.72 was supported by mentioned 160.67 cluster support (38.2% retracement of 149.27 to 167.77 at 160.70) and rebound from there continues to extend today. At this point, intraday bias remains on the upside as long as 162.19 minor support holds.
- EUR/JPY hits intraday extreme OB territory at Tony Juste's blog
- Long−term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- 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 Trading Strategy − Hard to kill by MVDForex
Forex Trading Strategies − Carry Trade sees big bounce on stronger equity markets. Will it last? And CAD in focus today with Retail Sales by Saxo Bank
FX Thoughts for the Day − FX Thoughts for the day − Evening − 23−Oct−2007....1143 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Moves up above pivot level 1.4217
10/23/2007 15:46 GMT - GBP/USD
- Moves up toward first resistant level 2.0505
10/23/2007 15:47 GMT - USD/CHF
- Trades around pivot level 1.1721
10/23/2007 15:48 GMT - USD/JPY
- Back around opening price level 114.54 , above pivot level 114.14
10/23/2007 15:49 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
EMU PMI MANUFACTURING INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Oct 24 | 08:00 | PMI Manufacturing Index | 52.9 | 53.2 |
| Oct 24 | 08:00 | Purchasing Manager Index Services | 54.5 | 54.2 |
Friday Notes - Strong Q3 GDP Growth – A False Dawn by HVB Group
The October flash estimate of the eurozone manufacturing PMI should confirm the downward trend of the last several months. However, we expect a release consistent with still positive growth in the manufacturing sector.
[ Full Story ]Top Market Movers Review
US RICHMOND FED MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 23 | 14:00 | Richmond Fed Manufacturing Index | -5 | 8 | 14 |
Richmond Fed Oct Manufacturing Index −5 Vs Sep 14 (Dow Jones)
Economic activity in the Richmond region was mixed during October. The Federal Reserve Bank of Richmond said Tuesday that its manufacturing index for the current month moved to −5, from 14 in September. The shipments index was −5, from 22 the prior month. Numbers above zero point to growth.
[ Full Story ]- Read the Manufacturing Conditions Survey at Richmond Fed
- Richmond Fed: Manufacturing activity pulled back in October (FXstreet.com)
- US Richmond Fed Manufacturing Index decreases to −5 in Oct from 14 in September (FXstreet.com)
Canada RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 23 | 12:30 | Retail Sales ex Autos (MoM) | 0.3% | 0.3% | -0.3% |
| Oct 23 | 12:30 | Retail Sales (MoM) | 0.7% | 0.5% | -0.8% |
Canadian retail sales bounce back in August (FXstreet.com)
Retail sales have bounced back to positive in August after two consecutive drops, to increase somewhat larger than expected, the increase has been widespread among sectors, with new car dealers have posted the largest increase, according to data by Statistics Canada.
[ Full Story ]- Read the Retail trade data at Statistics Canada
- Canada Morning: C$ Up In Recovery From Earlier Risk Aversion (Dow Jones)
- Canada Aug retail sales up 0.7 pct vs July, up 0.3 pct excluding autos (Thomson Financial News)
- Canada Aug Retail Sales increase 0.7%; ex autos 0.3% up (FXstreet.com)
Daily Forex Technical Report − Markets Stabilized on Stocks Recovery, Canadian Retail Sales Eyed by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 23 | 12:30 | CA | Retail Sales ex Autos (MoM) (Aug) | 0.3% | 0.3% | -0.3% |
| 14:00 | US | Richmond Fed Manufacturing Index (Oct 21) | -5 | 8 | 14 | |
| 21:00 | US | ABC Consumer Confidence (Oct 21) | -13 | |||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Sep) | ¥916.300B | ¥1144.909B | ||
| 23:50 | JP | Merchandise Trade Balance Total (Sep) | ¥1470.000B | ¥743.238B | ||
| Oct 24 | 01:30 | AU | Consumer Price Index (QoQ) (3Q) | 0.9% | 1.2% | |
| 01:30 | AU | Consumer Price Index (YoY) (3Q) | 2.1% | 2.1% | ||