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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 €

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Forex Blogs

Recommended Readings

The Disciplined Trader: How Will the Non−Farm Payroll Figures Affect the USD? by Dr. S. Sivaraman

The market is consolidating ahead of the US payroll figures. What does this mean to us as a traders?
I was working with a group that I mentor and I was pointing out that the best traders have the ability to shift their styles of trading depending on what sentiment the market is in.

[ Full Story ]

Trade Setups: Forex Video − Set ups 04 Sep '08 − Analysis by Phil Newton

FxBootcamp: Forex Video − News Trade Alert − September 4, 2008 by Wayne McDonell

Live Sessions Schedule

Derek FreyLive Look at Today's Markets
Expert: Derek Frey
Start: Thu, Sep 4, 17:00 GMT
Sponsored by: Odom & Frey Futures, FOREX & Options
Type of Session: Webinar


Wayne McDonellSPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 28th Edition
Expert: Wayne McDonell
Start: Fri, Sep 5, 11:30 GMT
Sponsored by: Global Forex Trading
Type of Session: Webinar


Sponsored by
Thu, Sep 4, 17:00 GMTLive Look at Today's MarketsDerek FreyWBNSponsored by Odom & Frey Futures, FOREX & Options
Fri, Sep 5, 11:30 GMTSPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 28th EditionWayne McDonellWBNSponsored by Global Forex Trading
Mon, Sep 8, 14:00 GMTDerek Frey's OutlookDerek FreyWBNSponsored by Odom & Frey Futures, FOREX & Options
Mon, Sep 8, 15:00 GMTAdvanced Methods for Finding Dominant Trends in Forex Markets Mark WhistlerWBNSponsored by
Mon, Sep 8, 16:00 GMTWeekly Webinar: 1st on Forex − The Week AheadJerry FurstWBNSponsored by Investors Education Network
[ View All ]

Current Session: U.S.

EUR/JPY

Mid−Day Forex Technical Report − EUR/USD Steady after ECB by ActionForex.com

EUR/JPY remains bounded in tight range above 156.25 in early US session but nevertheless, intraday bias remains on the downside as long as 158.48 minor resistance holds. Further decline is still expected to 149.27/151.71 key medium term support zone. Though, above 158.48 will indicate that an intraday low is in place. Considering mild bullish convergence condition in 4 hours MACD, a short term bottom might be in this case and stronger rebound could be seen towards 162.00 resistance

[ Full Story ]

Other Topics for this Session:

Currency Majors Technical Analysis by Mataf.net

Currency Performance

Currency Performance Report − Europe Session Performance by FXstreet.com

Currencies at a Glance

EUR/USD
Trades around pivot level 1.4471
09/04/2008 13:56 GMT
GBP/USD
Stays above pivot level 1.7757
09/04/2008 13:56 GMT
USD/CHF
Moves down back around opening price level 1.1061 , below pivot level 1.1091
09/04/2008 13:56 GMT
USD/JPY
Moves down towards first support level 107.89
09/04/2008 13:57 GMT

Analyst Sentiment Index (ASI)

Analysts Sentiment Index - EUR/USD


EUR

**Source : ActionForex.comCMS ForexDanske Bank A/SFXstreet.comGlobal Forex TradingMizuho Corporate Bank

[ View ASI page ] [ View EUR/USD page ]

Charting the Market Movers

GBP USD, Hourly


GBP/USD

EUR USD, Hourly


EUR/USD

Top Market Movers Preview

Germany INDUSTRIAL PRODUCTION S.A.

Date (GMT)EventCons.Previous
Sep 510:00Industrial Production s.a. (MoM)-0.3%0.2%
Sep 510:00Industrial Production s.a. w.d.a. (YoY)0.9%1.7%

EMU economic indicators - Output in the German producing sector (July): down by BHF−Bank

German industrial new orders probably decreased in July for the eighth time in a row, as the correlated climate indicators continued deteriorating. Output in the German producing sector could have suffered a setback too, as most of the correlated indicators dropped.

[ Full Story ]

Top Market Movers Review

US ISM NON−MANUFACTURING

Date (GMT)EventActualCons.Previous
Sep 414:00ISM Non−Manufacturing50.649.549.5

ISM August services index rises to 50.6 vs 50.0 expected (Thomson Financial News)

The Institute for Supply Management's (ISM) non−manufacturing business index (NMI) rose more than expected and into expansion territory for the first time in three months.

[ Full Story ]

Daily Analysis - ISM Non−manufacturing in the U.S probably shrank in August by Finotec Group Inc.

US economic indicators - ISM indices (August): showing contraction again by BHF−Bank

US NONFARM PRODUCTIVITY

Date (GMT)EventActualCons.Previous
Sep 412:30Nonfarm Productivity4.3%3.0%2.6%
Sep 412:30Unit Labor Costs-0.5%0.6%2.2%

DATA SNAP: Big US Productivity Jump Eases Inflation Concerns (Dow Jones)

U.S. productivity soared during the second quarter while labor costs fell, revised government figures showed, reflecting a mix of employment declines and export−generated economic growth.

[ Full Story ]

Economic Events

Date (GMT)CountryEventActualCons.Previous
Sep 414:00US ISM Non−Manufacturing (Aug) 50.649.549.5
15:00US EIA Crude Oil Stocks change -1.9-0.1M
Sep 506:30AU Foreign Reserves (Aug) 35.9B
06:50EMUECB Trichet's Speech 
10:00DE Industrial Production s.a. (MoM) (Jul) -0.3%0.2%
10:00DE Industrial Production s.a. w.d.a. (YoY) (Jul) 0.9%1.7%
11:00CA Net Change in Employment (Aug) 5.0K-55.2K
[ View All ]
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