Tuesday, Sep 16, 20:04 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The FED leaves Rates Unchanged. View the Live Coverage Transcript by with Valeria Bednarik
- Webinar Videos: How long will this USD trend last? by Adam Rosen
- Exclusive report - Perceiving Forex Volatility through Descriptive Statistics − Part 1 by Mark Whistler
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Forex Blogs
Ahead the Fed
The Advisor Weblog: After the FOMC by Valeria Bednarik
Finally, the FOMC leaved rates unchanged, and despite some initial spikes, more majors are quite close to were they were previous to the release.
Trade Setups: Forex Video | Trading Tip | Staying out the market by Phil Newton
The Advisor Blog: Fed Special Coverage Transcript by Valeria Bednarik
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Sep 17, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Sep 17, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Sep 17, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Sep 17, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Sep 17, 13:00 GMT | Main Fundamental theme in the Currency market | Terri Belkas | WBN |  |
| Wed, Sep 17, 14:00 GMT | Multiple Timeframe Trading | James Chen | WBN |  |
| Wed, Sep 17, 15:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN | |
Current Session: U.S.
EUR/JPY
FOMC Instant Insight: Fed Holds Onto Its Ammunition by GFT (Global Forex Trading)
To the surprise of the financial markets, the Federal Reserve left interest rates unchanged at 2 percent. Going into the meeting, everyone thought that the Fed was backed into a corner and would have no choice but to cut interest rates by 25 and possibly even 50bp. Although the tone of the FOMC statement was relatively cautious, the action or more specifically, the lack of action by the Federal Reserve indicates that they are not going to bend to the market's pressure
- 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:
Daily Market Report: Forex − The Dollar extended losses against the Japanese Yen due to unwinding of carry positions by ICICI Bank by ICICI Bank
Market Session Recaps − London Session by FOREX.com
Daily Technical Strategist − EURUSD: EUR May Retest The 1.3882 Level, Prints A High Wave Candle by FXTechstrategy
Currency Majors Technical Analysis by Mataf.net
Forex Analysts' Blog
Majors for today by Valeria Bednarik, analyst and foreign manager at MolFX − Management
Currencies at a Glance
- EUR/USD
- Continues to trade below pivot level 1.4270
09/16/2008 15:34 GMT - GBP/USD
- Stays around first support level 1.7800
09/16/2008 15:35 GMT - USD/CHF
- Moves up above pivot level 1.1163
09/16/2008 15:35 GMT - USD/JPY
- Moves up back around opening price level 104.65 , below pivot level 105.36
09/16/2008 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
UK ILO UNEMPLOYMENT RATE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 17 | 08:30 | Average Earnings excluding Bonus (3Mo/Yr) | 3.6% | 3.7% |
| Sep 17 | 08:30 | Average Earnings including Bonus (3Mo/Yr) | 3.4% | 3.4% |
| Sep 17 | 08:30 | ILO Unemployment Rate (3M) | 5.4% | 5.4% |
| Sep 17 | 08:30 | Claimant Count Rate | 2.8% | 2.7% |
| Sep 17 | 08:30 | Jobless Claims Change | 22.5K | 20.1K |
PREVIEW−UK jobless expected to jump again in August (Thomson Financial News)
More than twenty thousand people joined the queue for jobless benefits in Britain last month, analysts say, and official data could also show a fall in overall employment as the economic downturn gathers pace. Analysts expect official data to show the claimant count rose 22,300 in August −− the third month in a row the count will have increased by at least 20,000 and the biggest jump since the economic slump of the early 1990s.
[ Full Story ]Top Market Movers Review
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 16 | 18:15 | Fed Interest Rate Decision | 2% | 2% | 2% |
The Federal Reserve leaves Funds Rate unchanged at 2.0% (FXstreet.com)
The Federal Reserve's Monetary Policy Committee has decided keeps its main interest rate on hold at 2.0% after today's mometary policy meeting. The decision has been in line of market expectations.
[ Full Story ]- Read the FOMC statement at Board of Governors of the Federal Reserve
- UPDATE: Fed Keeps Rates Steady; No Signal Of Imminent Cut (Dow Jones)
- Fed keeps key target rate at 2.00 pct, cites increased strains in markets UPDATE (Thomson Financial News)
- Fed keeps key target rate at 2.00 pct, cites increased strains in markets (Thomson Financial News)
Mid−Day Forex Technical Report − Awaiting Fed, 0, 25, or 50? by ActionForex.com
Daily Fx Strategy - Fed Options & FX Implications by CMC Markets
Daily Trading Forecast - Waiting For Today's FOMC by Swiss e Trade AG
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 16 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.5% | 2.6% | 2.5% |
| Sep 16 | 12:30 | Consumer Price Index (YoY) | 5.4% | 5.5% | 5.6% |
| Sep 16 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.2% | 0.2% | 0.3% |
| Sep 16 | 12:30 | Consumer Price Index (MoM) | -0.1% | 0.0% | 0.8% |
US CPI declined in August on oil, housing and transport prices (FXstreet.com)
Inflation at consumer level has declined on the month in August due to price drops housing, transportation, and the sharp monthly decline in oil prices, according to data released by the US Labor Department.
[ Full Story ]- Consumer Price Index: August 2008 at US Department of Labor
- US dollar rises vs euro after Aug inflation data (Thomson Financial News)
- TREASURIES−Bonds steady at higher levels after Aug CPI data (Thomson Financial News)
- US Aug. CPI falls 0.1%, first drop since Oct. 2006; core CPI up 0.2% (Thomson Financial News)
US economic indicators - We expect CPI to have fallen by about 0.5% mom in August by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 16 | 17:00 | US | NAHB Housing Market Index (Aug) | 17 | 16 | |
| 18:15 | US | Fed Interest Rate Decision | 2% | 2% | 2% | |
| Sep 17 | 00:30 | AU | Westpac Leading Index (MoM) (Jul) | 0.1% | ||
| 03:30 | AU | RBA's Governor Glenn Stevens Speech | ||||
| 04:00 | JP | BoJ Interest Rate Decision | 0.5% | |||
| 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Jul) | 3.6% | 3.7% | ||
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Jul) | 3.4% | 3.4% | ||