Monday, Sep 01, 16:07 GMT
ASIA-PACIFIC Trading Newsletter
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- Webinar Videos: Advanced Methods for Finding Dominant Trends: Understanding Oil and FX Markets by Mark Whistler
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Forex Blogs
Recommended Readings
Forexology: Patterns within patterns & measured moves within measured moves by Sunil Mangwani
Let's have a look at an interesting situation on the Usd/Jpy.
There are 4 patterns forming within each other along with similar measured moves across different time frames.
Now these patterns were all identified by one of our trader member "Carlos"...
Trade Setups: Darling I love you... by Phil Newton
FX Market Readings: Taking advantage of holidays by Dr. S. Sivaraman
Live Sessions Schedule
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Sep 1, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Sep 2, 08:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Sep 1, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Tue, Sep 2, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Sep 2, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Sep 2, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Tue, Sep 2, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Volatile Markets Following Gustav Downgrade, Fukuda Resignation by ActionForex.com
USD/JPY's break of 108.13 support indicates that a short term head and shoulder top reversal pattern is completed (ls: 110.40, h: 110.66; rs: 110.27) At this point, further decline is expected to test the medium term trend line support (now at 106.76). As discussed before, considering bearish divergence in daily MACD, such reversal pattern argues that whole rise from 95.77 has completed too.
- Majors for Today by Valeria Bednarik, Analyst at MolFX − Management
- Institutional Trading Strategies by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Forex Analysis on Majors − Forex Analysis on Majors by Forex Ltd
Weekly Report
Weekly Forex Outlook − Euro taking it's cue from Oil, waiting for Gustav and Non−Farm by Easy Forex
Currencies at a Glance
- EUR/USD
- Continues to move down towards second support level 1.4567
09/01/2008 16:01 GMT - GBP/USD
- Moves down below third support level 1.7984
09/01/2008 16:01 GMT - USD/CHF
- Trades above pivot level 1.0991
09/01/2008 16:02 GMT - USD/JPY
- Stays around first support level 108.30
09/01/2008 16:02 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 ISM MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Sep 2 | 14:00 | ISM Manufacturing | 49.8 | 50.0 |
Weekly Market View - Early employment indicator by FXstreet.com
In the U.S. ISM Manufacturing Index (Previous 50.0) is a remarkable event to watch. The Index considered as an early indicator for the non farm payrolls is a big event that is expected to generate moderate volatility for the USD against the other majors.
[ Full Story ]Top Market Movers Review
UK MORTGAGE APPROVALS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 1 | 08:30 | Mortgage Approvals | 33K | 35K | 35K |
UPDATE: UK Mortgage Approvals Hit Fresh Record Low In July (Dow Jones)
U.K. mortgage approvals slumped to a fresh record low in July as the credit crisis and economic uncertainty continued to weigh on the housing market, data from the Bank of England released Monday showed.
[ Full Story ]- UK mortgage approvals hit the lowest level ever in July (FXstreet.com)
- UK mortgage approvals fall to series low in July (Thomson Financial News)
- TABLE−UK July mortgage approvals fall to series low (Thomson Financial News)
EMU PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 1 | 08:00 | Purchasing Manager Index Manufacturing | 47.6 | 47.5 | 47.4 |
Euro Zone manufacturing activity continues contracting in August (FXstreet.com)
Euro Zone's manufacturing sector's activity has continued contracting in August, for the third consecutive month, according to the latest Purchasing Manager's Index.
[ Full Story ]- This Month's Worldwide PMI Survey Data by NTC Research
- UPDATE: Euro−Zone Aug Mfg PMI Contracts For 3rd Month In Row (Dow Jones)
- Euro−Zone Aug Mfg PMI Contracts For 3rd Straight Month (Dow Jones)
- POLL−TABLE−Eurozone Aug final factory PMI 47.6 (Thomson Financial News)
Switzerland SVME − PURCHASING MANAGERS' INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 1 | 07:30 | SVME − Purchasing Managers' Index | 52.5 | 53.2 | 54.1 |
Swiss PMI continues declining in August (FXstreet.com)
Swiss Purchasing Manager's index has declined in August for its fourth consecutive time, although it still remains somewhat above the minimum level of expansion.
[ Full Story ]- SVME Purchasing Managers' Index by Credit Suisse
- UPDATE 1−Swiss PMI at 3−yr low, shows easing price pressures (Thomson Financial News)
- INSTANT VIEW 1−Swiss PMI hits new 3−year low in August (Thomson Financial News)
- TABLE−Swiss PMI falls to 52.5 points in August (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 1 | 00:00 | US | Labor Day Holiday | |||
| 08:30 | UK | Purchasing Manager Index Manufacturing (Aug) | 45.9 | 44.0 | 44.1 |
|
| 23:30 | JP | Monetary Base (YoY) (Aug) | -0.7% | |||
| Sep 2 | 01:00 | JP | BoJ's Governor Shirakawa Speech | |||
| 01:30 | AU | Building Permits (MoM) (Aug) | 0.5% | -0.7% | ||
| 01:30 | AU | Building Permits (YoY) (Aug) | -6.4% | -7.8% | ||
| 04:30 | AU | RBA Interest Rate Decision | 7.00% | 7.25% | ||