Thursday, Sep 18, 16:28 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Special coverage - Central Banks move its forces to beat the global (US) problem by FXstreet.com
- FX Wizard advises in the forum − How to trade in these volatile days
- Webinar Videos: Multiple Timeframe Trading by James Chen
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Forex Blogs
Currencies for today
The Disciplined Trader: EUR/USD hits 1.4480 − Now what? by Pierre Charlebois
When looking at a pattern like this a trader must ask himself: Is this pair basing to go higher or is it retracing before continuing lower? In Elliott wave theory there is a pattern referred to as a leading diagonal. There is also a pattern that is very common that is a triangle and appears in the 4th wave position. In these two cases the outcome price directions are opposites.
James Chen: Recorded Webinar Posted − Forex Multiple Timeframe Trading by James Chen
1st on Forex: Amazing − Bewildering − Unprecedented − Criminal by Jerry Furst
Live Sessions Schedule
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Sep 19, 15:00 GMT
Type of Session: Webinar
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Sep 22, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Sep 18, 15:00 GMT | MONTHLY WEBINAR: Part 2: Perceiving Volatility through Descriptive Statistics  | Mark Whistler | WBN |  |
| Fri, Sep 19, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN | |
| Fri, Sep 19, 12:00 GMT | Improving your trading in congestion zones | Valeria Bednarik | WBN | |
| Fri, Sep 19, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Sep 19, 14:00 GMT | Banging around the Bands | Chris Capre | WBN | |
Current Session: U.S.
EUR/USD
Currency Majors Technical Analysis − 1,4454. EUR USD is in a consolidation by Mataf.net
1,4454. EUR USD is in a consolidation after the last bullish movement. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,4500. The consolidation should continue. If the resistance is broken then the target will be 1,4650. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances: 1,4500 − 1,4600
Supports: 1,4430 − 1,4290
- Fed Special Coverage Transcript by Valeria Bednarik
- 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 Forex News − Forex − Central banks unite to ease liquidity freeze as the dollar tumbles, WallStreet saga continues by ACM − Advanced Currency Markets
Mid−Day Forex Technical Report − Markets Stabilized after Central Bank Actions, Dollar Still Weak by ActionForex.com
FX Thoughts for the Day − FX Thoughts for the Day by Kshitij Consultancy Service
Forex Analysts' Blog
Upward stops hunts in EURO and GBP show big short covering by Dr. S. Sivaraman, of i−knowindices.com
USD/CHF Update − Sharp Decline Off Breakdown by James Chen, Chief Technical Analyst at FX Solutions.
Forex Signals
Trade Signals − Matsys D Trade Signals by Fxwintrades
Spot Forex Trades − EURUSD Signal of 55pips by ForexSurvivor
Currencies at a Glance
- EUR/USD
- Trades below first resistant level 1.4447
09/18/2008 15:37 GMT - GBP/USD
- Continues to trade around opening price level 1.8171 , above pivot level 1.8067
09/18/2008 15:38 GMT - USD/CHF
- Trades below opening price level 1.1028 , below pivot level 1.1089
09/18/2008 15:38 GMT - USD/JPY
- Back around opening price level 104.64 , below pivot level 105.24
09/18/2008 15:38 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 PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Sep 19 | 06:00 | Producer Price Index (MoM) | -0.5% | 2.0% |
| Sep 19 | 06:00 | Producer Price Index (YoY) | 8.3% | 8.9% |
Weekly Market View - The Mighty Swell Of Changing Times by FXstreet.com
In Germany, Producer Price Index and Import Price Index are events to watch. There is no further events on Friday.
[ Full Story ]Top Market Movers Review
US PHILADELPHIA FED MANUFACTURING SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 18 | 14:00 | Philadelphia Fed Manufacturing Survey | 3.8 | -10.0 | -12.7 |
Philadelphia Fed's manufacturing index improved sharply in September (FXstreet.com)
Philadelphia region's manufacturing sector's activity has shown a considerable improvement in August, well larger than expected with price pressures easing and new orders sending signs of improvement for the coming months.
[ Full Story ]- September 2008 Business Outlook Survey at Federal Reserve Bank of Philadelphia
- UPDATE: Philadelphia Fed: Factories See Gains In September (Dow Jones)
- US Philly Fed September manufacturing index rises to 3.8 vs −10.3 expected (Thomson Financial News)
- Philly Fed factory index rises unexpectedly in Sept (Thomson Financial News)
US LEADING INDICATORS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 18 | 14:00 | Leading Indicators (MoM) | -0.5% | -0.2% | -0.7% |
US Conference Board: Aug Leading Index −0.5% (Dow Jones)
The August index of leading index indicated a softer economy ahead. The leading index fell 0.5%, after a 0.7% drop in July, the Conference Board reported Thursday. Economists had expected a drop of 0.2%.
[ Full Story ]- Read U.S. Leading Index Decreased at the Conference Board
- UPDATE 1−U.S. August leading economic index falls 0.5 pct (Thomson Financial News)
- US August leading economic index falls 0.5 pct (Thomson Financial News)
- US Leading Indicators decline 0.5% in Aug (FXstreet.com)
US economic indicators - We expect another decline of up to 0.3% mom in August by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 18 | 14:00 | US | Leading Indicators (MoM) (Aug) | -0.5% | -0.2% | -0.7% |
| 14:00 | US | Philadelphia Fed Manufacturing Survey (Sep) | 3.8 | -10.0 | -12.7 | |
| 22:45 | NZ | Current Account (2Q) | -3.5B | -2.2B | ||
| 22:45 | NZ | Visitor Arrivals (Aug) | 2.1% | |||
| Sep 19 | 03:00 | NZ | Credit Card Spending (Aug) | 3.8% | ||
| 05:00 | JP | Coincident Index (Jul) | 103.3% | |||
| 05:00 | JP | Leading Economic Index (Jul) | 92.9 | |||