Monday, Sep 08, 15:51 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: How to profit in today's globalization 3.0 credit bubble economy by John W O'Donnell
- Special Coverage - US Treasuries take over Freddie Mac & Fannie Mae
- Streaming Forex Rates - High−frequency updated data on the top 24 pairs
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International Traders Conference 2008 − October 29−31
Don't miss the FX event of the year
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
Starting the Week
1st on Forex: Scheduled Events Calendar for September 8 − 12 by Jerry Furst
Volatility in the Oil markets will be front and center as Hurricane Ike is expected to enter the Gulf of Mexico Tuesday. This coincides with OPEC's meeting where production cuts are expected to be talked about and possibly implemented. Fannie Mae and Freddie Mac will be the topic of the day Monday.
FX Bootcamp: Weekly Pivot Points by Wayne McDonell
The Disciplined Trader: A Strong Change in Trader sentiment is happening by Pierre Charlebois
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Sep 9, 14:00 GMT
Type of Session: Webinar
Longer−term Support and Resistance Trading: Setups and Rules
Expert: Rob Booker
Start: Tue, Sep 9, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Sep 8, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Sep 9, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Sep 9, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Sep 9, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Sep 9, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: U.S.
USD/CHF
Mid−Day Forex Technical Report − Dollar Regains Ground after Initial Volatility, Yen Remains Pressured by ActionForex.com
USD/CHF's rally extends further to as high as 1.1294 today and is now pressing long term support turned resistance at 1.1288 (04 low). At this point, intraday bias remains on the upside and further rally is still expected to next upside target of 1.1596 medium term cluster resistance (161.8% projection of 0.9634 to 1.0623 from 1.0010 at 1.1610.). On the downside, below 1.1123 minor support will turn intraday outlook neutral and bring retreat. Nevertheless, consolidation should be relatively brief as long as 1.0882 support holds and bring rally resumption. Though, below 1.0882 will indicate that a short term top is finally formed and will bring deeper decline to 1.0632 resistance turned support or lower.
- Traders turn defensive by Dr. S. Sivaraman, of i−knowindices.com
- Forex Swing Trading, Low Risk / High Reward Trading In The Largest by by Sam Seiden, Stocks, Futures, Forex and Options Trader Online Trading Academy
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Currency Technical Report − Technical Market View by FXGreece
Weekly Report
Weekly Technical Commentary by Mizuho Corporate Bank
Currencies at a Glance
- EUR/USD
- Continues to trade below pivot level 1.4321
09/08/2008 15:27 GMT - GBP/USD
- Stays around pivot level 1.7639
09/08/2008 15:27 GMT - USD/CHF
- Trades around second resistant level 1.1258
09/08/2008 15:28 GMT - USD/JPY
- Moves down around first resistant level 107.85
09/08/2008 15:28 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, GFT (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
Germany TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 9 | 06:00 | Trade Balance | 17.8 | 19.7B |
EMU economic indicators - German trade balance is likely to have deteriorated by BHF−Bank
The German trade balance and current account are likely to have deteriorated, as is usually the case in July.
[ Full Story ]Top Market Movers Review
Canada BUILDING PERMITS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 8 | 12:30 | Building Permits (MoM) | 1.8% | -1.0% | -5.3% |
Canadian building permits increase against expectations in July (FXstreet.com)
Building Permits have reversed partially loses posted in June with an unexpected increase in July due to an increase of permits of multi−family houses in central Canada, according to data released by Statistics Canada.
[ Full Story ]- Building permits at Statistics Canada
- Canada Morning: C$ Flat, Demonstrating Range Trade Preference (Dow Jones)
- Canada Building Permits increase 1.8% in Jul (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 8 | 08:30 | UK | Producer Price Index − Input (MoM) s.a (Aug) | -2.0% | -1.2% | -0.6% |
| 12:30 | CA | Building Permits (MoM) (Jul) | 1.8% | -1.0% | -5.3% |
|
| 17:30 | US | Fed's Fisher's speech | ||||
| 19:00 | US | Consumer Credit (Jul) | $8.6B | $14.3B | ||
| 23:01 | UK | BRC Retail Sales Monitor − All (YoY) (Aug) | -1.3% | -0.9% | ||
| 23:01 | UK | NIESR GDP Estimate (Aug) | 0.1% | |||
| 23:01 | UK | RICS House Price Balance (Aug) | -85.0% | -83.9% | ||