Tuesday, Aug 26, 16:02 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
Recommended Readings
FX Path: AUD/USD Follow−up by James Chen
As noted on Friday's Chart of the Day (click here), AUD/USD had formed an inverted flag pattern that hinted at a downward continuation. A breakdown of the flag did indeed occur yesterday, and then followed through today to hit the noted support target of 0.8500 (surpassing it by about 7 pips) before retreating back up.
FX Market Readings: Lower level holding will lead to rise... by Dr. S. Sivaraman
The Advisor Blog: News in the U.S. part II by Valeria Bednarik
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Aug 27, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Aug 27, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Aug 26, 16:00 GMT | The Day Trading Coach − Tips, Tricks and Strategies for Day Traders  | Markus Heitkoetter | WBN |  |
| Tue, Aug 26, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Wed, Aug 27, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Aug 27, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Aug 27, 13:00 GMT | Main Fundamental theme in the Currency | John Kicklighter | WBN |  |
Current Session: U.S.
USD/CAD
Mid−Day Forex Technical Report − Dollar Rally Limited by Oil Rebound by ActionForex.com
USD/CAD's recovery from 1.0418 was limited below 1.0593 resistance and weakens again in early US session. Outlook remains neutral for the moment. On the downside, below 1.0418 will indicate that correction from 1.0727 is still in progress. Though, downside of the correction is expected to be contained above 1.0273 cluster support (61.8% retracement of 0.9974 to 1.0727 at 1.0262) and bring rally resumption. ON the upside, break of 1.0593 minor resistance will flip intraday back to the upside for 1.0727 high. Break will indicate recent rally has resumed for 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:
Currency Technical Report − Currency Technical Report by FXGreece
Bank's Report
Forex Trading Strategies − USD Bulls Back in Business by Saxo Bank
Forex Analysts' Blog
Slow firming up moves in EURO and GBP by Dr. S. Sivaraman, of i−knowindices.com
Currency Performance Report
Currency Performance Report − Europe Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Continues to move up towards first support level 1.4699
08/26/2008 15:30 GMT - GBP/USD
- Trades slightly below first support level 1.8426
08/26/2008 15:31 GMT - USD/CHF
- Continues to move down towards pivot level 1.0970
08/26/2008 15:31 GMT - USD/JPY
- Back above pivot level 109.54
08/26/2008 15:32 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 FOMC MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Aug 26 | 18:00 | FOMC Minutes | - | - |
Daily Forex Commentary - Minutes from the FOMC by Jyske Bank
Our economists are expecting a slight fall due to tightened credit conditions, falling mortgage applications, and very pessimistic construction companies. Minutes from the last FOMC meeting at the Fed are due tonight.
[ Full Story ]- HIGHLIGHTS Outlook of US economic indicators to be released in the coming week (Thomson Financial News)
Daily Forex Technical Report − EUR/USD Decline Resumes after Ifo Disappointment, US Housing and FOMC Minutes Next by ActionForex.com
Top Market Movers Review
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 26 | 14:00 | Consumer Confidence | 56.9 | 53.0 | 51.9 |
UPDATE: Consumer Confidence Index Better Than Expected (Dow Jones)
U.S. consumer confidence improved in August, especially regarding expectations for the economy six months from now, a report released Tuesday said. Better expectations could signal an improvement in consumer spending later on.
[ Full Story ]- Read the Consumer Confidence data at the Conference Board
- FXNEWS−Consumer confidence positive dollar surprise−RBC (Thomson Financial News)
- US August consumer confidence rises to 56.9 vs 53.0 expected (Thomson Financial News)
- US Aug Consumer Confidence 56.9 vs Jul 51.9 (FXstreet.com)
US NEW HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 26 | 14:00 | New Home Sales | 515K | 525K | 503K |
| Aug 26 | 14:00 | New Home Sales (MoM) | 2.4% | -0.9% | -2.1% |
US Jul New Home Sales less than expected (FXstreet.com)
New−home sales in July were below expectations, according to Tuesday data showing the median price dropped further as high inventory extends the nation's housing slump.
[ Full Story ]- Read the New Home Sales data at Census Bureau
- US Jul Building Permits Unrevised At 937K Rate (Dow Jones)
- US ECONOMIC INDICATORS: Housing Data, Latest 6 Months (Dow Jones)
- ECONOMIC REPORT: Sales Of New Homes Rise But Look Weaker In July, U.S. Data Show (Dow Jones)
Daily Forex Technical Report − EUR/USD Decline Resumes after Ifo Disappointment, US Housing and FOMC Minutes Next by ActionForex.com
US S&P/CASE−SHILLER HOME PRICE INDICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 26 | 13:00 | S&P/Case−Shiller Home Price Indices | -15.9% | -16.2% | -15.8% |
S&P/Case−Shiller Sees Home Prices Continuing Drop In June (Dow Jones)
A closely watched guage of U.S. home prices, the S&P/Case−Shiller home−price indexes, again hit record lows in June, but the declines are moderating.
[ Full Story ]- Read the HPI data at S&P/Case−Shiller
- ECONOMIC REPORT: Home Prices Succumb To Record Fall In June: Case−Shiller Data (Dow Jones)
- U.S. June S&P/Case−Shiller 20−city home price index down record 15.9% over year (Thomson Financial News)
- U.S. JUNE S&P/CASE−SHILLER 10−CITY HOME PRICE INDEX DOWN RECORD 17.0% OVER YEAR (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 26 | 14:00 | US | Building Permits (MoM) (Jul) | 0.937M | 0.937M | 0.937M |
| 14:00 | US | Housing Price Index (MoM) (Jun) | 0.0 | -0.4 | -0.4 |
|
| 18:00 | US | FOMC Minutes | ||||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Aug 24) | -50 | |||
| Aug 27 | 01:30 | AU | Construction Work Done (2Q) | 1.5% | 2.3% | |
| 03:00 | NZ | Business Confidence | -43.2 | |||
| 11:00 | US | MBA Mortgage Applications (Aug 22) | -1.5% | |||