Wednesday, Sep 03, 16:00 GMT
ASIA-PACIFIC Trading Newsletter
LAST CAL OFFER: Only 550€ for the ITC
International Traders Conference 2008 − October 29−31
This year's topics are Trading Psychology, Emerging Markets Currencies, Hidden Divergence, Risk Management, Range Trading, Support and Resistance, Break Out Trading Strategies and Sentiment Indicators.
And there will be 3 LIVE TRADING sessions coached by our guest speakers!
Book now your seat for the ITC 2008 and Enjoy our LAST CALL OFFER: 550 €
- Speeches Schedule
- Speakers Panel
- Haven't you decided to go yet? − View all 2007 videos
Forex Blogs
Recommended Readings
FX Path: EUR/USD Update − At Long−Term Support by James Chen
As of early Wednesday morning in New York, price has poked slightly below and is now fluctuating slightly above the long−term uptrend support represented by the major uptrend line. Therefore, price is currently at a very critical juncture.
The Advisor Blog: The Usd/Jpy for today by Valeria Bednarik
FX Market Readings: Where can be the support? by Dr. S. Sivaraman
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Sep 3, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Main technical theme in the currency market
Expert: Jamie Saettele
Start: Thu, Sep 4, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Sep 3, 16:00 GMT | How to profit in today's globalization 3.0 credit bubble economy | John W. O'Donnell | WBN |  |
| Wed, Sep 3, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Sep 4, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Sep 4, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Thu, Sep 4, 13:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN | |
Current Session: U.S.
USD/CAD
Daily Forex Technical Report − CAD Reverses after BoC, USD Retreats on Profit Taking by ActionForex.com
USD/CAD reverses after reaching 1.0776, inch below mentioned 1.0791/98 and fall sharply in early US session. Break of 1.0612 indicates that an intraday top is in place. Outlook is turned neutral for the moment with risk on the downside for further retreat. Near term focus now turns to cluster support at 1.0410 (38.2% retracement of 0.9823 to 1.0776 at 1.0412). As long as this support holds, recent rally should still be in force and further rise is still in favor after completing consolidation.
- Where can be the support? by Dr. S. Sivaraman, of i−knowindices.com
- Institutional Trading Strategies by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Foreing Exchange − Euro: The downtrend is intact below falling trend line on coming in at 1.4811 today by Avantage Financial GMBH
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Trades around first support level 1.4450
09/03/2008 15:28 GMT - GBP/USD
- Trades around first support level 1.7740
09/03/2008 15:28 GMT - USD/CHF
- Trades below first resistant level 1.1127
09/03/2008 15:29 GMT - USD/JPY
- Moves down below pivot level 108.55
09/03/2008 15:29 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
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 4 | 11:45 | ECB Interest Rate Decision | 4.25% | 4.25% |
| Sep 4 | 11:00 | BoE Interest Rate Decision | 5% | 5% |
Central Banks: ECB and BoE - Preview of Sep 4 meetings by FXstreet.com
The BoE as well as the ECB's monetary policy committees will, most likely, keep interest rates on hold tomorrow, amid fears of the economy worsening over the next quarters, which could put pressure on the Banks to cut rates over the coming months.
[ Full Story ]- Central Banks will keep rates unchanged tomorrow (FXstreet.com)
Weekly Analysis - Eye on Storm and Central Banks by Finotec Group Inc.
Weekly Market View - The Central Banks' Interest Rate Decisions And The Big Non−Farm Payrolls by FXstreet.com
Top Market Movers Review
US FACTORY ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 3 | 14:00 | Factory Orders | 1.3% | 0.7% | 2.1% |
DATA SNAP: US Jul Factory Orders Up More Than Expected (Dow Jones)
Factory orders climbed more than expected during July, and a barometer of capital spending by businesses surged. Orders for manufactured goods increased 1.3%, following a revised 2.1% increase in June, the Commerce Department said Wednesday.
[ Full Story ]- Read the Factory Orders data at Census Bureau
- US July factory orders up 1.3 pct, ex−transportation up 1.0 pct (Thomson Financial News)
- US factory orders grow above expectations in July (FXstreet.com)
- US Factory Orders increase 1.3% in Jul (FXstreet.com)
US economic indicators - We expect factory orders to have gone up by 1.3% mom in July by BHF−Bank
Canada BOC INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 3 | 13:00 | BoC Interest Rate Decision | 3% | 3% | 3% |
UPDATE 1−Bank of Canada holds rates, downbeat on growth (Thomson Financial News)
The Bank of Canada held its key interest rate steady on Wednesday, and while it gave no indication of future interest rate moves, it was more downbeat on the prospects for U.S. and Canadian economic growth.
[ Full Story ]- Read the Official Statement at BoC
- UPDATE 1−Bank of Canada holds rates, downbeat on growth (Thomson Financial News)
- FXNEWS−Canadian dollar rallies on BoC rate announcement (Thomson Financial News)
- Canada Morning: C$ Higher After BOC Stays Neutral (Dow Jones)
Daily Forex Technical Report − CAD Reverses after BoC by ActionForex.com
Trading News Report - Canadian GDP May Sink The Loonie? by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 3 | 13:00 | CA | BoC Interest Rate Decision | 3% | 3% | 3% |
| 14:00 | US | Factory Orders (Jul) | 1.3% | 0.7% | 2.1% |
|
| 18:00 | US | Fed's Beige Book | ||||
| Sep 4 | 01:30 | AU | Trade Balance (Jul) | 100M | 411M | |
| 10:00 | DE | Factory Orders n.s.a. (YoY) (Jul) | -3.4% | -6.1% | ||
| 10:00 | DE | Factory Orders s.a. (MoM) (Jul) | 0.0% | -2.9% | ||
| 11:00 | UK | BoE Interest Rate Decision | 5% | 5% | ||