Monday, Sep 22, 15:56 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: MONTHLY WEBINAR: Common Sense Fundamentals and Technicals for Real Traders by Mark Whistler
- FX Wizard advises in the forum − How to trade in these volatile days
- New Futures Quotes Section - 19 different major markets for futures
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Forex Blogs
The Disciplined Trader: How to choose a broker by Pierre Charlebois
I'm responding to a fellow that is inquiring about risk with brokerages I thought it important to address it here. It's an important subject. I am not an expert but here are a few things to consider on your research. I was reading your comment and I'm not quite clear on what it is you're asking.
Trade Setups: Forex Video − Set ups 22 Sept '08 − Analysis by Phil Newton
FX Market Readings: handling crosses by Dr. S. Sivaraman
Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Sep 23, 08:00 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Sep 23, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Sep 22, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Sep 23, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Sep 23, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Sep 23, 13:00 GMT | Principles of Point & Figure Trading in Forex | James Chen | WBN | |
| Tue, Sep 23, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: U.S.
USD/CAD
Mid−Day Forex Technical Report − Dollar Weakness Continues by ActionForex.com
USD/CAD's fall from 1.0819 extends further today and is now pressing mentioned key near term cluster support of 1.0410. At this point, intraday bias remains on the downside as long as 1.0515 minor resistance holds. As discussed before, sustained break of 1.0410 (50% retracement of 0.9974 to 1.0819 at 1.0397) will confirm that a short term top is formed with bearish divergence condition in 4 hours MACD and RSI. Deeper decline should be seen to test trend line support at 1.0282 first. On the upside, above 1.0515 will turn intraday outlook neutral. But another fall is still in favor as long as 1.0667 resistance holds.
- 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:
FXA Column − The longer term view in cable remains unchanged by FXA
FX Thoughts for the Day − FX Thoughts for the Day by Kshitij Consultancy Service
Banks' Analysis
FX Briefing − Financial market crisis claims more victims by BHF−Bank
Weekly Analysis
Weekly Technical Strategist − EURUSD: Continued Recovery Offensive Likely, The 1.4542/71 Area To Trigger Further Upside Gains by FXTechstrategy
Forex Analysts' Blog
GBP/USD Update − Near Major Resistance by James Chen, Chief Technical Analyst at FX Solutions.
Weekly Pivot Points by Wayne McDonell, FxBootcamp.com
Currency Performance Report
Currency Performance Report − Europe Session Performance by FXstreet.com
Forex Signals
Trade Signals − Matsys D Trade Signals by Fxwintrades
Currencies at a Glance
- EUR/USD
- Moves up towards second resistant level 1.4714
09/22/2008 15:51 GMT - GBP/USD
- Continues to trade above opening price level 1.8337 , above pivot level 1.8218
09/22/2008 15:51 GMT - USD/CHF
- Moves down below second support level 1.0833
09/22/2008 15:51 GMT - USD/JPY
- Continues to trade below pivot level 106.88
09/22/2008 15:52 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 PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 23 | 08:00 | Purchasing Manager Index Services | 48.0 | 48.5 |
| Sep 23 | 08:00 | Purchasing Manager Index Manufacturing | 47.3 | 47.6 |
Friday Notes - EMU PMIs: No Relief by HVB Group
We expect the factory PMI to resume declining in September, as the flow of new orders dries up and inventories continue climbing. We suspect manufacturing activity has not hit bottom yet.
[ Full Story ]Top Market Movers Review
Canada RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 22 | 12:30 | Retail Sales (MoM) | 0.1% | 0.2% | 0.5% |
| Sep 22 | 12:30 | Retail Sales ex Autos (MoM) | 0.4% | 0.3% | 1.4% |
Canada retail sales, practically unchanged in July on weak auto sales (FXstreet.com)
Retail sales have posted a slight increase in July in Canada, weighed by the decline in automobile sales, which could be outbalanced by higher sales in five out of the seven other sectors, according to figures reported by Statistics Canada.
[ Full Story ]- Read the Retail Trade data at Statistics Canada
- Canada Morning: C$ Higher On Oil Rally, Eased Risk Aversion (Dow Jones)
- Canada Retail Sales edge up 0.1% in Jul; ex−autos, 0.4% up (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 22 | 12:30 | CA | Retail Sales (MoM) (Jul) | 0.1% | 0.2% | 0.5% |
| 12:30 | CA | Retail Sales ex Autos (MoM) (Jul) | 0.4% | 0.3% | 1.4% | |
| Sep 23 | 02:00 | NZ | Westpac Consumer Confidence (3Q) | 81.7 | ||
| 07:30 | DE | Purchasing Manager Index Manufacturing (Sep)  | 49.2 | 49.7 | ||
| 07:30 | DE | Purchasing Manager Index Services (Sep) | 50.8 | 51.4 | ||
| 08:00 | EMU | Purchasing Manager Index Manufacturing (Sep) | 47.3 | 47.6 | ||
| 08:00 | EMU | Purchasing Manager Index Services (Sep) | 48.0 | 48.5 | ||