Thursday, Aug 21, 15:09 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: Power Trading in Globalization 3.0 by John W. O'Donnell
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Forex Blogs
Recommended Readings
FX Path: EUR/USD Alert Follow−Up by James Chen
As of Thursday morning (New York session) on the EUR/USD hourly chart, the Asian session breakout on the short−term channel actually followed through, pulled back to the breakout trendline, and then continued up.
Trade Setups: Forex Video − Set ups 21 Aug '08 − Analysis by Phil Newton
The Advisor Blog: News in the U.S by Valeria Bednarik
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Aug 21, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Advanced APF Methods To Determine The Price Momentum
Expert: Sunil Mangwani
Start: Fri, Aug 22, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 21, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN |  |
| Thu, Aug 21, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Aug 22, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN | |
| Mon, Aug 25, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Aug 25, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: U.S.
USD/CAD
by ActionForex.com
USD/CAD's correction from 1.0727 is still in progress and dives to as low as 1.0520. At this point, intraday bias remains on the downside for 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 1.0653 minor resistance will suggest that retreat from 1.0727 has completed and recent rise from 0.9974 has possibly 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:
FX Thoughts for the Day − FX Thoughts for the Day by Kshitij Consultancy Service
Strategy Report
Daily Analysis − Dollar fall against majors as a manufacturing slump is predicted by Finotec Group Inc.
Forex Analysts' Blog
News in the U.S by Valeria Bednarik, Analyst at MolFX − Management
Currencies at a Glance
- EUR/USD
- Continues to move up towards second resistant level 1.4874
08/21/2008 14:04 GMT - GBP/USD
- Continues to move up towards second resistant level 1.8759
08/21/2008 14:05 GMT - USD/CHF
- Continues to move down towards second support level 1.0829
08/21/2008 14:05 GMT - USD/JPY
- Trades below 108.50 , below third support level 108.90
08/21/2008 14:06 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
EMU CURRENT ACCOUNT S.A
| Date (GMT) | Event | Cons. | Previous | |
| Aug 22 | 08:00 | Current Account n.s.a | - | -21.4B |
| Aug 22 | 08:00 | Current Account s.a | - | -7.3B |
EMU economic indicators - The EMU trade balance and current account are likely to have recovered by BHF−Bank
Following their usual seasonal pattern, the EMU trade balance and current account are likely to have recovered in June from their setbacks the previous month, in the same way as the corresponding German figures.
[ Full Story ]Top Market Movers Review
US LEADING INDICATORS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 21 | 14:00 | Leading Indicators (MoM) | -0.7% | -0.2% | -0.1% |
US Conference Board: July Leading Index Down Sharp 0.7% (Dow Jones)
In another signal that the economy is slumping anew, the composite index of leading indicators fell 0.7% in July to 101.2, according to preliminary estimates by The Conference Board, a private research group.
[ Full Story ]- Read the Leading Indicators data at the Conference Board
- July Leading Index Show US Economy Weakening (Dow Jones)
- US Jul Leading Indicators (MoM) declines to −0.7% vs −0.1% (FXstreet.com)
US economic indicators - Leading indicators (July): a more marked decline than in June by BHF−Bank
US PHILADELPHIA FED MANUFACTURING SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 21 | 14:00 | Philadelphia Fed Manufacturing Survey | -12.7 | -14.5 | -16.3 |
DATA SNAP/Philadelphia Fed: Manufacturing Weak, Prices Moderate A Bit (Dow Jones)
The Federal Reserve Bank of Philadelphia said Thursday that its August index of general business conditions, which covers factory activity within the bank's district, moved to −12.7, from −16.3 in July. This is the ninth straight month of contraction.
[ Full Story ]- Read the Manufacturing Survey at Philadelphia Fed
- Philly Fed August manufacturing index rises to −12.7 vs −15.0 expected UPDATE (Thomson Financial News)
- Philadelphia Fed August manufacturing index rises to −12.7 vs −15.0 expected (Thomson Financial News)
- Philadelphia Fed Mfg Survey increase to −12.7 in Aug from Jul −16.3 (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 21 | 14:00 | US | Leading Indicators (MoM) (Jul) | -0.7% | -0.2% | -0.1% |
| 14:00 | US | Philadelphia Fed Manufacturing Survey (Aug) | -12.7 | -14.5 | -16.3 | |
| 23:50 | JP | BoJ Minutes | ||||
| Aug 22 | 08:00 | EMU | Current Account n.s.a (Jul) | -21.4B | ||
| 08:00 | EMU | Current Account s.a (Jul) | -7.3B | |||
| 08:30 | UK | Gross Domestic Product (QoQ) (2Q) | 0.1% | 0.2% | ||
| 08:30 | UK | Gross Domestic Product (YoY) (2Q) | 1.5% | 1.6% | ||