Thursday, Aug 28, 16:06 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: Advanced Methods for Finding Dominant Trends: Understanding Oil and FX Markets by Mark Whistler
- International Traders Conference − Oct 29−31: Join us in Barcelona to directly learn from the best FX experts!
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Forex Blogs
Recommended Readings
The Advisor Blog: Other Majors for today by Valeria Bednarik
The Usd/Jpy is just above 109.00 and 4 hours candles are suggesting a bullish reversal, depending on next candle opening yet actual long downside shadow suggest the pair has not enough bearish strength, so above 109.60 the pair will likely run up to the zone around 109.55, strong zone these last days.
Trade Setups: Forex Video − Set ups 28 Aug '08 − Analysis by Phil Newton
FX Path: USD/CAD Update by James Chen
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Aug 28, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
The Forex Basic Training Program − Chapter VI
Expert: Wayne McDonell
Start: Fri, Aug 29, 08:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 28, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN |  |
| Thu, Aug 28, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Aug 29, 08:00 GMT | The Forex Basic Training Program − Chapter VI | Wayne McDonell | WBN | |
| Fri, Aug 29, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Mon, Sep 1, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Dollar Got No Boost From GDP Revision by ActionForex.com
EUR/USD continues to press 1.4807 resistance in early US session. Intraday outlook remains neutral for the moment. As discussed before, with bullish convergence condition in 4 hours MACD and RSI, firm break of 1.4807 will be an important signal that a short term bottom is finally in place. Further break of 1.4908 will confirm and bring stronger rebound to test 1.5284 double top neckline resistance before staging another fall. On the downside, though, below 1.4571 will indicate that recent fall is still in progress to key medium term support at 1.4309.
- 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:
Daily Analysis − Euro Rises on presumptions that Trichet won't lower rates by Finotec Group Inc.
Forex Analysts' Blog
Forex Video | Set ups 28 Aug '08 | Analysis by Phil Newton, Developer of Trading Strategies at TradingStrategies.info
Currency Performance Report
Currency Performance Report − Europe Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Moves down back around pivot level 1.4712
08/28/2008 15:38 GMT - GBP/USD
- Moves down below pivot level 1.8376
08/28/2008 15:39 GMT - USD/CHF
- Moves up towards pivot level 1.0972
08/28/2008 15:39 GMT - USD/JPY
- Trades around pivot level 109.35
08/28/2008 15:40 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 29 | 09:00 | Consumer Price Index (YoY) | 4% | 4% |
2nd UPDATE: Euro−Zone Aug CPI Likely To Be Below Forecasts (Dow Jones)
Slower−than−expected rates of consumer price inflation in Germany, Spain and Belgium have added to expectations that euro−zone inflation in August will be lower than market forecasts.
[ Full Story ]Top Market Movers Review
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 28 | 12:30 | Gross Domestic Product Annualized | 3.3% | 2.8% | 0.9% |
| Aug 28 | 12:30 | Gross Domestic Purchases Price Index | 4.2% | -1.1% | 3.5% |
DATA SNAP: US Economy Revised Up Far Above Expectations (Dow Jones)
The U.S. economy was much stronger in the spring than first thought because of better exports and less inventory liquidation by businesses, according to a government report that surprised Wall Street.
[ Full Story ]- Read the GDP data at Commerce Department
- ECONOMIC REPORT: Second−Quarter U.S. GDP Surges 3.3%; Was It High−Water Mark? (Dow Jones)
- FOREX−Dollar pares losses on US Q2 GDP data (Thomson Financial News)
- US Q2 GDP revised up to 3.3 pct gain due to higher exports, spending (Thomson Financial News)
Global News and Fundamentals - Positive GDP Numbers Calm Recession Fears by fxKnight.com
Mid−Day Forex Technical Report − Dollar Got No Boost From GDP Revision by ActionForex.com
Market Session Snap−Shot - Late US Session−Dollar Bulls On Hold Ahead of US GDP Data by ACM − Advanced Currency Markets
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 28 | 12:30 | US | Gross Domestic Product Annualized (2Q)  | 3.3% | 2.8% | 0.9% |
| 12:30 | US | Gross Domestic Purchases Price Index (2Q) | 4.2% | -1.1% | 3.5% | |
| 22:45 | NZ | Building Permits (MoM) (Jul) | -20.1% | |||
| 23:01 | UK | Gfk Consumer Confidence (Aug) | -40 | -39 | ||
| 23:15 | JP | Nomura/ JMMA Manufacturing Puchasing Manager Index (Aug) | 46.5 | |||
| 23:30 | JP | Industrial Production (MoM) (Jul) | -0.5% | -2.2% | ||
| 23:30 | JP | Industrial Production (YoY) (Jul) | 0.6% | 0.0% | ||