Friday, Sep 12, 16:03 GMT
ASIA-PACIFIC Trading Newsletter
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- Webinar Videos: Longer-term Support and Resistance Trading: Setups and Rules by Dave Murphy
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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
FX Market Readings: Week end moves indications… by Dr. S. Sivaraman
EURO and GBP firmed up from yesterday and continued the rise today also and now during US session the highs are being broken and holding near new high high,indating that the higer level short sellers and lower level short sellers are being influenced to do the profit booking and also lose booking respectively.
The Disciplined Trader: Thanks for the Comments by Pierre Charlebois
The Trader's Edge: What's next for the Euro? by Ross Yamashita
Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Sep 15, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Sep 15, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Sep 15, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Sep 15, 13:00 GMT | How long will this USD trend last?  | Adam Rosen | WBN |  |
| Mon, Sep 15, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Sep 15, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
| Mon, Sep 15, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − Dollar Retreats Further on Poor Retail Sales by ActionForex.com
Cable's recovery from 1.7445 continues today and extends further to as high as 1.7794 so far. While the rebound from 1.7445 is strong, there is no confirmation of a short term bottom yet. Another fall is still mildly in favor as long as 1.7974 resistance holds. However, break of 1.7974 will confirm that the decline from 2.0158 has made a bottom at 1.7445, after being supported slightly above medium term support of 50% retracement of 1.3680 to 2.1161 at 1.7421, on bullish convergence condition in 4 hours MACD. In such case, stronger rebound should be seen to resistance zone of 1.8512 and 1.8794 to correct the decline from 2.0158 before resuming the down trend.
- Harmonics on Gold by Sunil Mangwani, CEO at FibForex123.
- 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 Thoughts − 12/9/2008 − the current market sentiment by FX Recommends
Daily Forex News − Forex − US trade deficit and weaker stocks weighed on Dollar by ACM − Advanced Currency Markets
Banks' Analysis
Technical analysis: EuroDollar Futures − Eurodollar Future – Dec 2008 by Mizuho Corporate Bank
Forex Analysts' Blog
AUD/USD Update − Retracement to the Line by James Chen, Chief Technical Analyst at FX Solutions
EUR/USD Update − Correction within Down Channel by James Chen, Chief Technical Analyst at FX Solutions.
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Forex Signals
Trade Signals − Matsys D Trade Signals by Fxwintrades
Currencies at a Glance
- EUR/USD
- Continues to move up above third resistant level 1.4157
09/12/2008 15:32 GMT - GBP/USD
- Continues to move up above 1.7900 , above third resistant level 1.7774
09/12/2008 15:33 GMT - USD/CHF
- Moves down below second support level 1.1295
09/12/2008 15:33 GMT - USD/JPY
- Moves up towards first resistant level 107.99
09/12/2008 15:34 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 ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Sep 16 | 09:00 | ZEW Survey − Economic Sentiment | - | -55.5 |
Friday Notes - Growth Expectations by HVB Group
Despite the de facto nationalization of the two large mortgage financing companies in the US, there is still no end in sight to the financial market crisis. Furthermore, the latest hard numbers have further increased the probability of a recession for the German economy. In contrast, the weaker EUR and the continuing pullback in the oil price likely had a positive impact on expectations. All in all, we expect a moderate improvement in the ZEW growth expectations to a still very low level.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 12 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 73.1 | 63.9 | 63.0 |
Reuters/Univ Michigan Mid−Sep Sentiment 73.1; Aug 63.0 (Dow Jones)
Consumers' view on the economy improved, as of the middle of September, as their worries on inflation softened. The preliminary Reuters/University of Michigan Consumer Sentiment index came in at a reading of 73.1, from 63.0 the month before. Economists surveyed by Dow Jones Newswires expected the mid−month sentiment index to come in at 64.0.
[ Full Story ]- RPT−TABLE−Reuters/U Mich Sept prelim sentiment index 73.1 (Thomson Financial News)
- FXNEWS−Dollar gains after sentiment data (Thomson Financial News)
US economic indicators - We forecast that consumer sentiment will rise to 64.5 in September by BHF−Bank
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 12 | 12:30 | Retail Sales ex Autos (MoM) | -0.7% | -0.2% | 0.3% |
| Sep 12 | 12:30 | Retail Sales (MoM) | -0.3% | 0.1% | -0.5% |
US Retail Sales, weaker than expected in August (FXstreet.com)
Retail sales have declined against expectations in the United States in August, as a consequence of lower consumption among American citizens, and the drop on gasoline prices, according to figures released by the US Consumer Department.
[ Full Story ]- Retail sales at US Census Bureau
- Dollar Extends Losses After US Data; Euro Above $1.4100 (Dow Jones)
- FOREX−Dollar falls on weak U.S. retail sales report (Thomson Financial News)
- US August retail sales fall 0.3%, down 0.7% excluding autos (Thomson Financial News)
Daily Market Briefing - US Dollar − Forecast For Friday's US Retail Sales, Producer Price Index by FXCM
Trading News Report - U.S. Retail Sales Could Spur Bearish Sentiment for the Dollar by FXCM
US PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 12 | 12:30 | Producer Price Index ex Food & Energy (YoY) | 3.6% | 3.7% | 3.5% |
| Sep 12 | 12:30 | Producer Price Index (MoM) | -0.9% | -0.5% | 1.2% |
| Sep 12 | 12:30 | Producer Price Index (YoY) | 9.6% | 10.2% | 9.8% |
| Sep 12 | 12:30 | Producer Price Index ex Food & Energy (MoM) | 0.2% | 0.2% | 0.7% |
US Aug PPI down 0.9%; core PPI up 0.2%, core posts largest yearly rise since '91 (Thomson Financial News)
US inflation at the wholesale level fell faster than expected in August as sharp declines in energy prices brought overall prices down from elevated levels, the Labor Department said today.
[ Full Story ]- Producer Price Indexes at US Department of Labor
- DATA SNAP: US PPI Tumbles On Energy But Core Pressures Linger (Dow Jones)
- US Producer Price Index decline 0.9% in Aug; 9.6% up year on year (FXstreet.com)
- Table Of US PPI Data From Labor Department (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 12 | 14:00 | US | Business Inventories (Aug) | 1.1% | 0.5% | 0.7% |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Sep)  | 73.1 | 63.9 | 63.0 | |
| Sep 15 | 07:15 | CH | Adjusted Real Retail Sales (YoY) (Jul) | 0.7% | ||
| 09:00 | EMU | ECB Trichet's Speech | ||||
| 09:00 | EMU | Labor Costs (YoY) (2Q) | 3.3% | |||
| 12:30 | CA | New Motor Vehicle Sales (MoM) (Jul) | -1% | |||
| 12:30 | US | NY Empire State Manufacturing Index (Sep) | 2.8 | |||