Wednesday, Aug 20, 15:05 GMT
ASIA-PACIFIC Trading Newsletter
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- Webinar Videos: Power Trading in Globalization 3.0 by John W. O'Donnell
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Forex Blogs
Recommended Readings
FX Path: The Triple Screen by James Chen
While the market is still essentially in consolidation mode, I thought I would bring up what I consider to be one of the highest−probability technical approaches to Forex trading. Many of you may be familiar with it.
FX Market Readings: Lower level is seen in EURO and GBP by Dr. S. Sivaraman
The Disciplined Trader: Trading as a Business – How to make money on the Markets by Pierre Charlebois
Live Sessions Schedule
Speculation Bubble in the Euro?
Expert: Joseph Trevisani
Start: Wed, Aug 20, 16:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Aug 20, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Aug 20, 15:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
| Wed, Aug 20, 16:00 GMT | Speculation Bubble in the Euro? | Joseph Trevisani | WBN | |
| Wed, Aug 20, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Aug 21, 10:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN | |
| Thu, Aug 21, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
USD/CAD
Mid−Day Forex Technical Report − Canadian Dollar Mildly Higher after Solid Retail Sales by ActionForex.com
USD/CAD's consolidate from 1.0727 continues today and dips mildly in early US session. Outlook remains unchanged. Further consolidation is still in favor and another fall could be seen to 38.2% retracement of 0.9974 to 1.0727 at 1.0439. But downside should be contained above 1.0273 support and bring rally resumption. On the upside, above 1.0695 minor resistance will suggest that recent rise from 0.9974 has resumed for mentioned 1.0791/98 cluster resistance.
- 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:
Technical Summary for Majors − Technical Summary for Majors by Windsor Brokers Ltd
Strategy Report
Daily Forex News − Forex − Crude Rises on hurricane fears in the US by ACM − Advanced Currency Markets
Forex Analysts' Blog
Lower level is seen in EURO and GBP by Dr. S. Sivaraman, of i−knowindices.com
Currencies at a Glance
- EUR/USD
- Moves up back above pivot level 1.4732
08/20/2008 14:12 GMT - GBP/USD
- Moves up back above pivot level 1.8628
08/20/2008 14:13 GMT - USD/CHF
- Moves down back below pivot level 1.0950
08/20/2008 14:14 GMT - USD/JPY
- Continues to move down below pivot level 109.86
08/20/2008 14:15 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
Germany PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Aug 21 | 07:30 | Purchasing Manager Index Manufacturing | 50.5 | 50.9 |
| Aug 21 | 07:30 | Purchasing Manager Index Services | 50.1 | 53.1 |
EMU economic indicators - RBS PMI manufacturing indices Germany and EMU (August): down, but less steeply than in July by BHF−Bank
In view of the above, the RBS purchasing managers' index for the German and the EMU manufacturing sector, and Belgian business confidence are all likely to have deteriorated in August, but to a lesser extent than in July.
[ Full Story ]Top Market Movers Review
Canada RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 20 | 12:30 | Retail Sales ex Autos (MoM) | 1.4% | 0.5% | 0.6% |
| Aug 20 | 12:30 | Retail Sales (MoM) | 0.5% | 0.5% | 0.3% |
Mid−Day Forex Technical Report − Canadian Dollar Mildly Higher after Solid Retail Sales by ActionForex.com
Canadian dollar is mildly higher in early US session after stronger than expected retail sales report from Canada. Headline sales climbed 0.5% mom in Jun, above expectation of 0.5%.
[ Full Story ]- Read the Retail Sales data at Statistics Canada
- Canada Morning: C$ Up Modestly, Off Earlier Lows (Dow Jones)
- Canada June retail sales rise 0.5% (FXstreet.com)
- Canada Retail Sales up to 0.5% in Jun from 0.4% (FXstreet.com)
Daily Forex Technical Report − Focus on BoE Minutes and Canadian Retail Sales by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 20 | 12:30 | CA | Retail Sales (MoM) (Jun) | 0.5% | 0.5% | 0.3% |
| 14:30 | US | EIA Crude Oil Stocks change (Aug 16) | 9.4M | -0.4M | ||
| 23:50 | JP | Merchandise Trade Balance Total (Jul) | ¥235.0B | ¥138.6B | ||
| Aug 21 | 01:30 | AU | New Motor Vehicle Sales (MoM) (Jul) | 1% | ||
| 01:30 | AU | New Motor Vehicle Sales (YoY) (Jul) | 1.4% | |||
| 06:15 | CH | Trade Balance (Jul) | 2.00B | 2.41B | ||
| 07:30 | DE | Purchasing Manager Index Manufacturing (Aug)  | 50.5 | 50.9 | ||