Monday, Aug 25, 15:59 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
Recommended Readings
FxBootcamp: Training Video − London Session August 25, 2008 by Wayne McDonell
After some trend continuation on the USD and Oil on Friday, Asia made a break of support on most USD pairs leaving London wondering where to go. Being a holiday in England was already going to reduce liquidity and without nearby support or resistance, some time was needed to lay some framework for a trade plan.
FX Market Readings: Dump and pump moves by Dr. S. Sivaraman
The Advisor Blog: Majors update by Valeria Bednarik
Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Aug 26, 08:00 GMT
Type of Session: Webinar
Dan Blystone's Weekly Briefing
Expert: Dan Blystone
Start: Tue, Aug 26, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| 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 |  |
| Tue, Aug 26, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Aug 26, 12:30 GMT | Dan Blystone's Weekly Briefing | Dan Blystone | WBN | |
| Tue, Aug 26, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Markets Still in Range after Existing Home Sales Beat Expectation by ActionForex.com
USD/JPY continues to stay in tight range in early US session. But as discussed before, correction from 110.66 might have completed at 108.13 already, after being supported slightly above 38.2% retracement of 103.76 to 110.66. Intraday outlook remains cautiously bullish for retest of 110.66 high. Break will confirm that recent rally has resumed for next target of 61.8% projection of 95.77 to 108.58 from 103.76 at 111.68.
- 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:
Market Session Recaps − London Session by FOREX.com
Bank's Report
Forex Trading Strategies − Illiquid Markets Keep the Majors in Tight Ranges by Saxo Bank
Strategy Report
Daily Analysis − Dollar rises as crude oil declines on low demand by Finotec Group Inc.
Forex Analysts' Blog
Dump and pump moves by Dr. S. Sivaraman, of i−knowindices.com
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.4784 , below pivot level 1.4812
08/25/2008 15:37 GMT - GBP/USD
- Continues to trade around opening price level 1.8505 , below pivot level 1.8601
08/25/2008 15:37 GMT - USD/CHF
- Trades around pivot level 1.0946
08/25/2008 15:38 GMT - USD/JPY
- Trades around pivot level 109.50
08/25/2008 15:39 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 GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Cons. | Previous | |
| Aug 26 | 06:00 | Gross Domestic Product w.d.a (YoY) | 1.7% | 2.6% |
| Aug 26 | 06:00 | Gross Domestic Product s.a (QoQ) | -0.5% | 1.5% |
| Aug 26 | 06:00 | Gross Domestic Product n.s.a (YoY) | 3.1% | 1.8% |
EMU economic indicators - Destatis will publish the detailed breakdown of the components of Q2 German GDP by BHF−Bank
We are not expecting any substantial revision of the overall GDP figures of the flash estimate two weeks ago. According to the information given together with the flash estimate, net exports had a favourable impact on overall GDP, with imports declining more than exports.
[ Full Story ]Top Market Movers Review
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 25 | 14:00 | Existing Home Sales | 5.00M | 4.90M | 4.86M |
| Aug 25 | 14:00 | Existing Home Sales (MoM) | 3.1% | 0.8% | -2.6% |
US Jul Existing Home Sales Up 3.1% To 5.00 Mln Rate (Dow Jones)
Existing−home sales climbed in July, rising more than expected, but inventories expanded and prices kept dropping.
[ Full Story ]- Read the Existing Home Sales data at NAR
- ECONOMIC REPORT: U.S. Existing−Home Sales Rise, But Inventories Do The Same (Dow Jones)
- US July existing home sales up 3.9 pct to 5.0 mln rate vs 4.94 mln expected (Thomson Financial News)
- Table Of Data On Existing US Home Sales (Dow Jones)
Mid−Day Forex Technical Report − Markets Still in Range after Existing Home Sales Beat Expectation by ActionForex.com
Daily Forex Technical Report − Dollar Edges Higher, Focus on Existing Home Sales by ActionForex.com
Weekly Forex Market Commentary - The US economic calendar will start on Monday with the release of the existing home sales report for July by Global Forex Trading
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 25 | 00:00 | UK | Late Summer Holiday | |||
| 14:00 | US | Existing Home Sales (Jul) | 5.00M | 4.90M | 4.86M | |
| 22:45 | NZ | Trade Balance (Jul) | -223M | |||
| 23:50 | JP | Corporate Service Price (YoY) (Jul) | 1.4% | 1.2% | ||
| Aug 26 | 03:00 | NZ | RBNZ Inflation Expectations q/q (3Q) | 2.7 | ||
| 06:00 | DE | Gfk Consumer Confidence Survey (Sep) | 2.0 | 2.1 | ||
| 06:00 | DE | Gross Domestic Product n.s.a (YoY) (2Q) | 3.1% | 1.8% | ||