Monday, Aug 18, 15:17 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
Recommended Readings
FX Path: Sideways Action by James Chen
As of this writing during early New York session on Monday, we're seeing a lot of slow−moving, sideways action on the majors. Perhaps this is a pause before a correction for the U.S. dollar. Or, maybe it is a consolidation before a continuation in the dollar rally.
Trade Setups: Forex Video − Set ups 18 Aug '08 − Analysis by Phil Newton
The Disciplined Trader: The No. 1 Rule in Trading − No one can Accurately Predict the Markets by Pierre Charlebois
Live Sessions Schedule
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Aug 18, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Aug 19, 08:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 18, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Aug 18, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Tue, Aug 19, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Aug 19, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Tue, Aug 19, 12:30 GMT | Dan Blystone's Weekly Briefing | Dan Blystone | WBN | |
Current Session: U.S.
AUD/USD
Daily FX Report − BoJ will probably keep rates on hold by Varengold Wertpapierhandelsbank AG
Last week the AUD/USD traded in a horizontal trend with a support at 0.8606. After the market touched the support level twice the market started to rise and there seems to be a new resistance at 0.872. If the currency pair doesn't break trough this new resistance, we could expect a recovery to the support.
- Gbp/Usd and Usd/Jpy for today by Valeria Bednarik, Analyst at MolFX − Management
- Forex Swing Trading, Low Risk / High Reward Trading In The Largest by Sam Seiden, Stocks, Futures, Forex and Options Trader Online Trading Academy
- Institutional Trading Strategies by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Mid−Day Forex Technical Report − Consolidations Continue in the Forex Markets by ActionForex.com
Weekly Report
Weekly Technical Strategist − EURUSD: Weakens For A Fifth Week In A Row, Clears The 1.4967/51 Levels by FXTechstrategy
Forex Analysts' Blog
Sideways Action by James Chen, Chief Technical Analyst, at FX Solutions
Currencies at a Glance
- EUR/USD
- Continues to trade around pivot level 1.4718
08/18/2008 13:49 GMT - GBP/USD
- Back around opening price level 1.8644 , above pivot level 1.8611
08/18/2008 13:49 GMT - USD/CHF
- Moves up above pivot level 1.0968
08/18/2008 13:49 GMT - USD/JPY
- Continues to trade around pivot level 110.26
08/18/2008 13:49 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
EUR USD, Hourly
Top Market Movers Preview
US NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 18 | 17:00 | NAHB Housing Market Index | 16 | 16 |
Friday Notes - NAHB housing market index: Gloomy days for home builders by HVB Group
The home builders who contribute to this useful survey read the newspapers and are not impressed by headlines that proclaim the "worst is over" for housing. On the contrary, they see nothing but stagnant demand, excessive inventories of unsold houses, and growing difficulties in the whole housing finance sector.
[ Full Story ]- Tatsuya Kawashini, junior advisor at FXstreet.com: "NAHB Housing Market Index is the biggest event of today. It clearly shows a health condition of the U.S. housing market, that gives a reading on the overall economic outlook in the U.S. This event may also affect a future rate decision. Moderate volatility is expected." − FXstreet.com
Top Market Movers Review
Canada FOREIGN INVESTMENT IN CANADIAN SECURITIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 18 | 12:30 | Foreign investment in Canadian securities | $7.25B | $5.50B | $10.63M |
| Aug 18 | 12:30 | Canadian Investment in Foreign Securities | -$9.500B | - | -$6.093 |
Foreign invested C$7.25B in Canadian securities in Jun UPDATE (FXstreet.com)
Foreign investors bought C$7.25 billion of Canadian securities in June, Statistics Canada said Monday. Heavy acquisitions of Canadian bonds showed no sign of abating.
[ Full Story ]- Read the Investment data at Statistics Canada
- Foreign invested $7.25B in Canadian securities in Jun (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 18 | 12:30 | CA | Canadian Investment in Foreign Securities (Jun) | $-9.500B | -$6.093 | |
| 12:30 | CA | Foreign investment in Canadian securities (Jun) | $7.25B | $5.50B | $10.63M |
|
| 17:00 | US | NAHB Housing Market Index (Aug) | 16 | 16 | ||
| 22:45 | NZ | Producer Price Index − Input (QoQ) (2Q) | 2.6% | 2.3% | ||
| 22:45 | NZ | Producer Price Index − Output (QoQ) (2Q) | 2.1% | 1.8% | ||
| Aug 19 | 01:30 | AU | RBA Meeting's Minutes | |||
| 04:00 | JP | BoJ Interest Rate Decision | 0.5% | 0.5% | ||