Tuesday, Apr 08, 16:00 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: Forex Swing Trading, Low Risk / High Reward Trading In The Largest by Sam Seiden
- ECB and BoE − Preview of Apr 10 meeting by FXstreet.com
- ITC 2008 − Barcelona October 29th to 31st. Visit our website!
- Europe Session Performance by FXstreet.com
- Live Free Access Day on Thursday 10th − Register now
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Nader Moustafa
Start: Wed, Apr 9, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Level of Sentiment in the FX Market
Expert: Antonio Sousa
Start: Wed, Apr 9, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Apr 8, 16:00 GMT | Longer−term Support and Resistance Trading: Setups and Rules | Rob Booker | WBN |  |
| Tue, Apr 8, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Apr 9, 09:00 GMT | FX Instructor Live Trading Room | Nader Moustafa | WBN | |
| Wed, Apr 9, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Wed, Apr 9, 13:00 GMT | Level of Sentiment in the FX Market | Antonio Sousa | WBN | |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − Dollar Steady ahead of FOMC Minutes, Sterling Tumbles Further by ActionForex.com
Cable's dives further to as low as 1.9964 today and break of 1.9730 support zone confirms that whole decline from 2.0391 has already completed. Also, as discussed before, it revives the case that rise from 1.9337 has already completed with three wave corrective structure to 2.0391. At this point, intraday bias remains on the downside as long as 1.9747 minor resistance holds and further fall is expected to retest 1.9337 low.
- Main technical theme in the currency market by Jamie Saettele, Technical Currency Analyst FXCM
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Other Topics for this Session:
Currency Majors Technical Analysis − 1,9691. GBP USD broke 1,9730 support by Mataf.net
FX' Signal
Trade Signals − Matsys D Trade Signals by Fxwintrades
Top Market Movers Preview
US FOMC MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Apr 8 | 18:00 | FOMC Minutes | - | - |
Daily Forex Commentary - Minutes From FOMC by Jyske Bank
The minutes from the last FOMC meeting is released later today and they will be studied closely in search for signals and views on the current growth situation with respect to further rate cuts.
[ Full Story ]- Forex − Pound falls on soft Halifax survey; FOMC minutes in view (Thomson Financial News)
- OUTLOOK Highlights of US economic indicators to be released in the coming week (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar Steady ahead of FOMC Minutes, Sterling Tumbles Further by ActionForex.com
Daily Forex Technical Report − Sterling Dives on Rate Cut Expectation, FOMC Minutes Eyed by ActionForex.com
Top Market Movers Review
US PENDING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 8 | 14:00 | Pending Home Sales (MoM) | -1.9% | -1.0% | 0.0% |
US Pending−Home Sales Drop In February − NAR (Dow Jones)
A forecasting gauge of previously owned homes fell in February after rising in January. The National Association of Realtors' index for pending sales of previously owned homes fell 1.9% to 84.6 in February from January, the industry group said Tuesday.
[ Full Story ]- Read the report: Existing−Home Sales to Stablize Before Upturn in Second Half of 2008 at NAR
- U.S. Feb pending home sales index falls 1.9 pct to 84.6 vs 86.3 expected UPDATE (Thomson Financial News)
- Pending home sales hit new record low (Thomson Financial News)
- U.S. February pending home sales index falls 1.9 pct to 84.6 vs 86.3 expected (Thomson Financial News)
Daily Market Report - The U.S. Pending Home Sales MoM number is due out today at 10 AM EST by Wachovia
Wakeup Call on Forex Markets - The Positive Sentiment Slowly Withering Ahead Of US Pending Home Sales by Saxo Bank
Canada HOUSING STARTS S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 8 | 12:15 | Housing Starts s.a (YoY) | 254.7K | 225.0K | 255.6K |
Canadian Housing Starts, slightly down in March (FXstreet.com)
Housing starts have declined slightly in Canada in March, although the level remains still high , as the latest survey by the Canada Mortgage and Housing Corporation (CMHC) shows.
[ Full Story ]- Read the report: Housing Starts Brisk in March at CMHC
- Canada Morning: C$ Flat; Mkt On Hold Pending New Information (Dow Jones)
- Canada Housing Starts s.a declines slightly to 254.7K annual pace in Mar (FXstreet.com)
Currencies at a Glance
- EUR/USD
- Moves down back around opening price level 1.5710 , above pivot level 1.5691
04/08/2008 13:56 GMT - GBP/USD
- Continues to move down below third support level 1.9710
04/08/2008 13:56 GMT - USD/CHF
- Moves up back around pivot level 1.0119
04/08/2008 13:56 GMT - USD/JPY
- Stays around pivot level 102.25
04/08/2008 13:56 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
EUR USD, Hourly
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 8 | 12:15 | CA | Housing Starts s.a (YoY) (Mar) | 254.7K | 225.0K | 255.6K |
| 14:00 | US | Pending Home Sales (MoM) (Feb) | -1.9% | -1.0% | 0.0% | |
| 18:00 | US | FOMC Minutes (Mar 18) | ||||
| 21:00 | US | ABC Consumer Confidence (Apr) | -33 | |||
| 23:01 | UK | Nationwide Consumer Confidence (Mar) | 76 | 78 | ||
| Apr 9 | 00:30 | AU | Westpac Consumer Confidence | -9.1% | ||
| 05:00 | JP | BoJ Interest Rate Decision | 0.5% | 0.5% | ||