Friday, Aug 22, 15:34 GMT
ASIA-PACIFIC Trading Newsletter
Forex Blogs
Recommended Readings
FX Market Readings: First part of volatile move is seen by Dr. S. Sivaraman
Now the lows are shown in EURO and GBP − a quick drop they made to hit the stops of the higher level buyers and alos the stop of the gredy traders who wanted to hold the buys for longer time frame.
Trader's Edge: GBP/JPY Continuation by Ross Yamashita
Trade Setups: Forex Video − Set ups 22 Aug '08 − Analysis by Phil Newton
Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Aug 25, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Aug 25, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| 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 | |
| Mon, Aug 25, 15:15 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Aug 25, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Aug 26, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
Current Session: U.S.
EUR/USD
Daily Technical Strategist − EURUSD: Invalidates Minor Resistance At The 1.4814 Level, Corrective Recovery Still On Course by FXTechstrategy
EURUSD: While prices broke through the minor resistance at the 1.4814 level, its August 12'08 low Thursday and the daily RSI has pull out of oversold territory, EUR is expected to build on the said recovery higher targeting the 1.4967/51 zone (its range highs from Nov'07 and Jan'08/.618 Ret) and later the 1.5302/1.5283 zone, its May/June'08 lows.
- 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:
Currency Currents − Currency Currents by Black Swan Capital
Bank's Report
Weekly Market Commentary − The world is still stuck on the horns of a dilemma facing slower growth and very high inflation by Mizuho Corporate Bank
Strategy Report
Mid−Day Forex Technical Report − Yen Soldoff, Dollar Strikes Back, Sterling Hammered by ActionForex.com
Currencies at a Glance
- EUR/USD
- Moves down below pivot level 1.4844
08/22/2008 14:06 GMT - GBP/USD
- Trades slightly above second support level 1.8540
08/22/2008 14:07 GMT - USD/CHF
- Moves up around first resistant level 1.0957
08/22/2008 14:07 GMT - USD/JPY
- Trades above first resistant level 109.49
08/22/2008 14:08 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 EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Aug 25 | 14:00 | Existing Home Sales | - | 4.86M |
| Aug 25 | 14:00 | Existing Home Sales (MoM) | - | -2.6% |
Friday Notes - Existing home sales have bottomed out by HVB Group
After dropping 2½% in June, existing home sales likely rebounded in July. Such a movement has been signaled by the Pending Home Sales Index, which rose 5¼%.
[ Full Story ]Top Market Movers Review
US FED'S BERNANKE SPEECH
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 22 | 14:00 | Fed's Bernanke Speech | - | - | - |
Fed's Bernanke: slower growth should lead inflation to moderate UPDATE (Thomson Financial News)
Federal Reserve board chairman Ben Bernanke indicated the Fed should be able to maintain its low federal funds target rate for some time, as the recent drop in commodity prices coupled with reduced demand for resources due to the economic downturn should reduce the threat of inflation.
[ Full Story ]- Read the Speech by Chairman Bernanke at the Federal Reserve
- Fed's Bernanke: slower growth should lead inflation to moderate in 2008, 2009 (Thomson Financial News)
- Swiss franc moves lower ahead of Bernanke speech (Thomson Financial News)
Daily Forex Technical Report − Dollar Soft, Focus on Bernanke by ActionForex.com
Daily Market Briefing - Fed's Bernanke Speaks on Friday by FXCM
Asia Market Update - USD gains ground ahead of Bernanke speech by TradeTheNews.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 22 | 09:00 | EMU | Industrial New Orders s.a. (MoM) (Jun) | -0.3% | -1.1% | -3.5% |
| 14:00 | US | Fed's Bernanke Speech | ||||
| Aug 24 | 22:45 | NZ | Food Price Index (MoM) (Jul) | 1.3% | ||
| Aug 25 | 14:00 | US | Existing Home Sales (Jul) | 4.86M | ||
| 14:00 | US | Existing Home Sales (MoM) (Jul) | -2.6% | |||
| 22:45 | NZ | Trade Balance (Jul) | -223M | |||
| 23:50 | JP | Corporate Service Price (YoY) (Jul) | 1.2% | |||