Tuesday, Sep 09, 16:02 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
Recommended Readings
The Disciplined Trader: How To Read Market Sentiment In Candles by Pierre Charlebois
I like to count waves (Elliott) to get a sense of the general direction and how far a move should go. However I usually don't enter a trade unless I see a Candle or pattern of several Candles that potentially shows a reversal or continuation point.
FX Path: EUR/USD Update − Traversing a Down Channel by James Chen
FX Market Readings: My expected market moves and trading strategies by Dr. S. Sivaraman
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Sep 10, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Profiting from Fear and Greed by trading against the crowd
Expert: David Rodríguez
Start: Wed, Sep 10, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Sep 9, 16:00 GMT | Longer−term Support and Resistance Trading: Setups and Rules | Rob Booker | WBN |  |
| Tue, Sep 9, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Sep 10, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Sep 10, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Wed, Sep 10, 13:00 GMT | Profiting from Fear and Greed by trading against the crowd | David Rodríguez | WBN | |
Current Session: U.S.
GBP/USD
Currency Majors Technical Analysis − 1,7628. GBP USD is in an downtrend directed by 4H exponential moving averages by Mataf.net
EUR/USD is in а downtrend from 1.6039 (15 July 2008). Technical indicators are descending and trading is situated below the 50− and 200−Day SMA, currently projected at 1.5256 and 1.5220.
Yesterday's break below the crucial support at 1.4224 has rejected our idea, that a more significant bottom is in place at 1.4192, so now the downtrend is renewed, with current target at 1.3901. We still hold on to our view, that current sell−off from 1.4811 is the last wave of the slide from 1.6039, but only above 1.4428 this outlook will be confirmed.
Today's strategy: Stand aside.
- Expected moves 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:
Market Session Recaps − London Session by FOREX.com
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Trades below pivot level 1.4203
09/09/2008 15:50 GMT - GBP/USD
- Trades around pivot level 1.7675
09/09/2008 15:50 GMT - USD/CHF
- Trades around pivot level 1.1272
09/09/2008 15:51 GMT - USD/JPY
- Moves down towards second support level 107.04
09/09/2008 15:51 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
EMU ECB TRICHET'S SPEECH
| Date (GMT) | Event | Cons. | Previous | |
| Sep 10 | 09:30 | ECB Trichet's Speech | - | - |
Weekly Focus - Jean−Claude Trichet will be speaking on Wednesday by Danske Bank A/S
Jean−Claude Trichet will be speaking on Wednesday and Thursday, and the ECB monthly bulletin is due out on Thursday.
[ Full Story ]- World Interest Rates Table at FXstreet.com
Top Market Movers Review
US PENDING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 9 | 14:00 | Pending Home Sales (MoM) | -3.2% | -1.3% | 5.8% |
US Pending Home Sales Fell 3.2% In July; Down 6.8% On Yr −NAR (Dow Jones)
A forecasting gauge of home sales resumed falling in July. The National Association of Realtors' index for pending sales of previously owned homes dropped 3.2% to 86.5 from 89.4 in June, the industry group said Tuesday.
[ Full Story ]- Pending Home Sales Index at National Association of Realtors
- US July pending home sales index falls 3.2 pct to 86.5 vs 88.6 expected (Thomson Financial News)
- US Pending Home Sales Fell 3.2% In July; Down 6.8% On Year −NAR (Dow Jones)
- US Pending home sales decline sharper than expected in July (FXstreet.com)
Weekly Market View - In the U.S. Pending Home Sales is a remarkable event to monitor by FXstreet.com
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 9 | 14:00 | Wholesale Inventories | 1.4% | 0.6% | 1.1% |
US July wholesale inventories rise 1.4 pct, sales fall 0.3 pct (Thomson Financial News)
Wholesale inventories rose twice as fast as expected in July as inventories of durable goods piled up at their fastest pace in more than two years, while wholesale sales fell unexpectedly due to the largest decline in petroleum sales seen in a year and a half, the Commerce Department said today.
[ Full Story ]- Monthly wholesale trade: sales and inventories at US Census Bureau
- DATA SNAP: US Wholesale Inventories Up Amid Drop In Sales (Dow Jones)
- US Wholesale Inventories inctrease 1.4% in Jul; 0.6% expected (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 9 | 14:00 | US | Pending Home Sales (MoM) (Jul) | -3.2% | -1.3% | 5.8% |
| 14:00 | US | Wholesale Inventories (Jul) | 1.4% | 0.6% | 1.1% | |
| 21:00 | US | ABC/Washington Post Consumer Confidence (Sep 7) | -47 | |||
| 22:45 | NZ | Terms of Trade Index (2Q) | -1.7% | 4.1% | ||
| 23:01 | UK | NIESR GDP Estimate (Aug) | 0.1% | |||
| 23:50 | JP | Adjusted Current Account (Jul) | ¥1430.0B | ¥1290.7B | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (Aug) | 0% | 2% | ||