Wednesday, Oct 24, 15:09 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- 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
- Get FXstreet's Economic Calendar for your own site
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.
Live Sessions Schedule
G7 and Currency Market Outlook
Expert: Don Wilcox
Start: Wed, Oct 24, 16:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Oct 24, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 24, 16:00 GMT | G7 and Currency Market Outlook | Don Wilcox | WBN |  |
| Wed, Oct 24, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Oct 25, 15:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
| Thu, Oct 25, 16:00 GMT | Trading with Tom Flora  | Tom Flora | WBN | |
| Mon, Oct 29, 10:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN |  |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Markets Still in Range after Steep Decline in Existing Home Sales by ActionForex.com
Outlook remains unchanged at EUR/USD stays is still bounded in choppy range trading. As discussed before, prior break of short term rising trend line should indicate that rise from 1.3360 has completed at 1.4348, with bearish divergence condition in 4 hours MACD and RSI. Firm break above 1.4348 high is needed to confirm recent rally has resumed.
- Timid USD reaction post−data 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 Outlook − GBP/USD: Confidence level – high by Karoll
Forex Daily Analysis − 24/10/'07 − Existing Home Sales, Kroszner and Trichet due to speak today by ForexYard
Daily Forex Forecast by FXDream
Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.4237
10/24/2007 15:02 GMT - GBP/USD
- Stays below opening price level 2.0508 , above pivot level 2.0444
10/24/2007 15:02 GMT - USD/CHF
- Back around opening price level 1.1731 , below pivot level 1.1739
10/24/2007 15:02 GMT - USD/JPY
- Moves down below last week low 114.02 , below first support level 114.28
10/24/2007 15:02 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
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 25 | 08:00 | IFO − Business Climate | 103.8 | 104.2 |
EMU economic indicators - Germany confidence indices expected to decline by BHF−Bank
In October, the German ifo business climate index might decrease again somewhat. The US ISM index has declined further, and the German ZEW economic sentiment has just remained stable.
[ Full Story ]Economics Weekly - US housing data and eurozone confidence surveys feature this week by Lloyds TSB Financial Markets
Top Market Movers Review
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 24 | 14:00 | Existing Home Sales (MoM) | -8.0% | -4.5% | -4.3% |
| Oct 24 | 14:00 | Existing Home Sales | 5.04M | 5.25 | 5.48M |
US Sep Existing Home Sales Dn 8.0% To 5.04 Mln Rate (Dow Jones)
Demand for previously owned homes slid more than expected in Seeptember amid continued problems in the mortgage market, with single−family sales hitting their lowest sales pace in nearly 10 years.
[ Full Story ]- Read the Existing Home Sales data at NAR
- US September existing home sales fall 8.0 pct to 5.04 mln unit annual rate (Thomson Financial News)
- Table Of Data On US Existing Home Sales (Dow Jones)
- U.S. Existing home sales decrease twice as expected in September (FXstreet.com)
- Tony Juste, FX Advisor at FXstreet.com: "There is no such thing as good news when we speak about US housing market data. It is the 5th in a row that shows how positive the Fed action was, and inspires us to think the Fed will ease more next week, coming to the rescue of a so−damaged housing market. You know what, I think this is now over−exaggerated in the States and remains hidden in other countries, but now is not the time to let other problems arise..." − FXstreet.com
Daily Forex Technical Report − Markets Hesitate ahead of US Existing Home Sales by ActionForex.com
Daily Market Briefing - US Dollar Resumes Its Descent Ahead Of NAR Existing Home Sales by FXCM
Economics Weekly - US housing data and eurozone confidence surveys feature this week by Lloyds TSB Financial Markets
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 24 | 14:00 | US | Existing Home Sales (Sep) | 5.04M | 5.25 | 5.48M |
| 14:00 | US | Existing Home Sales (MoM) (Sep) | -8.0% | -4.5% | -4.3% | |
| 21:00 | NZ | RBNZ Interest Rate Decision | 8.25% | 8.25% | ||
| Oct 25 | 06:00 | DE | Import Price Index (MoM) (Sep) | 0.4% | -0.7% | |
| 06:00 | DE | Import Price Index (YoY) (Sep) | 1.2% | -0.6% | ||
| 08:00 | DE | IFO − Business Climate (Oct) | 103.8 | 104.2 | ||
| 12:30 | US | Durable Goods Orders (Sep) | 1.5% | -4.9% | ||