Monday, Sep 15, 15:56 GMT
ASIA-PACIFIC Trading Newsletter
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- Special Coverage - US Crisis rebounds by FXstreet.com
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Related Links
Forex Blogs
Recommended Readings
The Disciplined Trader: Oversold Pairs are Reversing by Pierre Charlebois
I would expect dollar weakness for some time going forward now. It looks like Thursday was the start of a long overdue counter−trend rally in the dollar pairs with Friday being the break−out day. I expect some retracement however I believe the dollar rally is over for a few weeks.
Chartology: Back from Las Vegas! by Raghee Horner
Trade Setups: Little Jonny wants to play in the park not on the main road by Phil Newton
Live Sessions Schedule
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Tue, Sep 16, 10:00 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Sep 16, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Sep 15, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Sep 16, 10:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN |  |
| Tue, Sep 16, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Sep 16, 13:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
| Tue, Sep 16, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: U.S.
USD/CHF
FX Thoughts for the Day − Finding Support at 1.1055, the pair has seen a bounce of over 150−pips by Kshitij Consultancy Service
Finding Support at 1.1055, the pair has seen a bounce of over 150−pips during the day. The rise has brought the pair close to a minor Resistance for the day at 1.1280.
If the Resistance holds during the US session, a fall towards 1.1150 could be seen. A break above 1.1280 could lead to a test of 1.1325.
The week ahead could be very volatile and unpredictable. With Lehman Brothers filing for bankruptcy and Merrill Lynch having been sold out, the picture is getting worse by the day. The FOMC meet tomorrow will be under scrutiny and expected to be one of the most followed of recent times, as there is an increase in speculation in the market about a 25bps rate cut.
- Harmonics on Gold by Sunil Mangwani, CEO at FibForex123.
- Technical Analysis Bootcamp: The indicators you need to know and how to interpret them by Dan Blystone, Founder TradersLog.com
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Mid−Day Forex Technical Report − Yen Dominates after Wall Street Meltdown by ActionForex.com
Currency Majors Technical Analysis by Mataf.net
Daily Analysis − Dollar falls as Lehman files for Bankruptcy by Finotec Group Inc
Weekly Analysis
Weekly Market Commentary − Several asset classes might continue to struggle at key chart levels, but will eventually break by Mizuho Corporate Bank
Forex Analysts' Blog
EUR/USD Update − Another Pullback to the Line by James Chen, Chief Technical Analyst at FX Solutions.
Forex Signals
Spot Forex Trades − The storm of Bankruptcies by ForexSurvivor
Currencies at a Glance
- EUR/USD
- Trades above pivot level 1.4137
09/15/2008 15:34 GMT - GBP/USD
- Trades above pivot level 1.7814
09/15/2008 15:36 GMT - USD/CHF
- Moves down below second support level 1.1227
09/15/2008 15:36 GMT - USD/JPY
- Trades around third support level 105.93
09/15/2008 15:36 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 | -52.5 | -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 INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 15 | 13:15 | Industrial Production (MoM) | -1.1% | -0.2% | 0.1% |
| Sep 15 | 13:15 | Capacity Utilization | 78.7% | 79.7% | 79.9% |
US Industrial production declined larger than expected in August (FXstreet.com)
Industrial production has dropped well beyond the experts expectations in August, while capacity utilization fell a whole percentage point on the month, according to data released by the Federal Reserve.
[ Full Story ]- Read the Oficial Report at the Board of Governors of the Federal Reserve
- UPDATE: US Industrial Production Tumbles In August (Dow Jones)
- REPEAT&CORRECT:US Aug Indus Production −1.1%; Consensus −0.5% (Dow Jones)
- UPDATE 1−U.S. industrial output drop biggest in 3 years (Thomson Financial News)
US NY EMPIRE STATE MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 15 | 12:30 | NY Empire State Manufacturing Index | -7.41 | 3.70 | 2.80 |
Sept Empire State Manufacturing Index Falls To −7.41 (Dow Jones)
The Empire State Manufacturing Survey indicated more weakness in the New York Area factory sector in September. The general business index fell about 10 points, to −7.41 from 2.77 in August. New orders improved to 4.38 last month, from −2.20 in August.
[ Full Story ]- The official data at Federal Reserve Bank of New York
- US September Empire State manufacturing index falls to −7.41 vs 0.50 expected (Thomson Financial News)
- US manufacturing activity weakens unexpectedly in August (FXstreet.com)
- US NY Empire State Manufacturing Index declines to −7.41 in Sep from 2.8 in August (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 15 | 13:15 | US | Industrial Production (MoM) (Aug) | -1.1% | -0.2% | 0.1% |
| 14:30 | CN | PBoC Interest Rate Decision | 7.20% | 7.47% | ||
| Sep 16 | 01:30 | AU | RBA Meeting's Minutes (Sep) | |||
| 04:00 | JP | BoJ Monetary Policy Meeting | ||||
| 04:00 | JP | Tokyo Condominium Sales (YoY) (Aug) | -44.5% | |||
| 05:00 | JP | Consumer Confidence (Aug) | 31.6 | |||
| 05:00 | JP | Consumer Confidence Households (Aug) | 31.5 | 31.4 | ||