Tuesday, Sep 23, 16:02 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: MONTHLY WEBINAR: Common Sense Fundamentals and Technicals for Real Traders by Mark Whistler
- Special Coverage - Bernanke's and Paulson's testimonies by FXstreet.com
- Streaming Forex Charts - 22 currency pairs and 21 technical indicators, FREE! by Netdania/FXCM
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Forex Blogs
The Advisor Blog: Starting a new day by Valeria Bednarik
Hello everybody, hope you are fine. Are you betting against dollar? Hope so. In Spanish we say something like "to try to cover the sun with one hand" and that's more or less what I was saying yesterday opening.
FX Market Readings: wide range swings are seen by Dr. S. Sivaraman
FxBootcamp: FOREX Training Video − London Session September 23, 2008 by Wayne McDonell
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Sep 24, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Sep 24, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Sep 23, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Sep 24, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Sep 24, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Sep 24, 11:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
| Wed, Sep 24, 12:00 GMT | Central Bank Review | Adam Rosen | WBN |  |
Current Session: U.S.
USD/CAD
Mid−Day Forex Technical Report − Markets Steady as Bernanke and Paulson Testify by ActionForex.com
USD/CAD's fall from 1.0819 extends further today and at this point, intraday bias remains on the downside as long as 1.0372 minor resistance holds. USD/CAD is expected to test trendline support at 1.0282 first and firm break will encourage deeper fall to key support level at 0.9974. On the upside, above 1.0372 will turn intraday outlook neutral and bring recovery, but short term outlook will remain bearish as long as 1.0568 support turned resistance holds and further decline is in favor after recovery.
- 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:
Hedging Range Trades − CLOSED − US Dollar To Correct Strength Against Canadian Counterpart (Forex Hedging Strategy) by FXCM
Currency Majors Technical Analysis by Mataf.net
Technical Summary for Majors − Technical Summary for Majors by Windsor Brokers Ltd
Daily Technical Strategist − EURUSD: Loss Of The 1.4542/71 Levels Highlights Further Corrective Gains Towards 1.4951/67 Zone by FXTechstrategy
Weekly Analysis
Weekly Update − America's currency continues to remain on the defensive this morning by Union Bank of California
Forex Analysts' Blog
The Eur/Usd daily and longer term by Valeria Bednarik, analyst and foreign manager at MolFX − Management
Forex Signals
Spot Forex Trades − 18pips GBPUSD Mission Accomplished by ForexSurvivor
Currencies at a Glance
- EUR/USD
- Trades above pivot level 1.4692
09/23/2008 15:42 GMT - GBP/USD
- Continues to trade around opening price level 1.8542 , above pivot level 1.8481
09/23/2008 15:43 GMT - USD/CHF
- Moves up around pivot level 1.0829
09/23/2008 15:43 GMT - USD/JPY
- Moves up around pivot level 105.94
09/23/2008 15:43 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 CURRENT ACCOUNT S.A
| Date (GMT) | Event | Cons. | Previous | |
| Sep 24 | 08:00 | Current Account s.a | - | -8.2B |
| Sep 24 | 08:00 | Current Account n.s.a | - | -1B |
EMU economic indicators - The current account will probably have deteriorated in July by BHF−Bank
The EMU current account will probably have deteriorated in July, like the corresponding German figure and the EMU trade balance.
[ Full Story ]Top Market Movers Review
US HOUSING PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 23 | 14:00 | Housing Price Index (MoM) | -0.6 | -0.3 | -0.3 |
US housing prices have declined more than expected in July (FXstreet.com)
US home prices have posted a larger than expected decline in July, according to the latest figures released by the Office of Federal Housing Enterprise Oversight, OFHEO.
[ Full Story ]- Read the HPI data at OFHEO
- UPDATE: US Home Prices Fell 0.6% In July From June −FHFA (Dow Jones)
- US Home Prices Fell 0.6% In July From June −FHFA (Dow Jones)
- US Jul Housing Price Index declines 0.6% in July (FXstreet.com)
US BERNANKE, PAULSON TESTIFY BEFORE SENNATE COMMITTEE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 23 | 11:00 | Bernanke, Paulson testify before Sennate Committee | - | - | - |
Bernanke−global markets under 'extraordinary stress' (Thomson Financial News)
U.S. Federal Reserve Chairman Ben Bernanke told the U.S. Congress on Tuesday that financial markets are under severe stress and urged immediate action to buy up hundreds of billions of dollars worth of tainted mortgage assets.
[ Full Story ]- Paulson Outlines Comprehensive Approach to Market Developments at US Department of Treasury
- Read the Testimony of Chairman Bernanke at the Federal Reserve
- Fed's Bernanke says congressional action on bailout bill 'urgently required' (Thomson Financial News)
- Paulson urges Congress to pass troubled asset legislation quickly, cleanly (Thomson Financial News)
- Sterling erases gains vs dlr after Paulson comments (Thomson Financial News)
Mid−Day Forex Technical Report − Markets Steady as Bernanke and Paulson Testify by ActionForex.com
Daily Fx Strategy - Quadruple Testimony to Prop Dollar, Equities...Temporarily by CMC Markets
Daily Forex Technical Report − Dollar at Important Support Levels ahead of Bernanke and Paulson by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 23 | 14:00 | US | Housing Price Index (MoM) (Jul) | -0.6 | -0.3 | -0.3 |
| 14:00 | US | Richmond Fed Manufacturing Index (Sep) | -18 | -15 | -16 | |
| 21:00 | US | ABC/Washington Post Consumer Confidence (Sep 21) | -41 | |||
| 23:50 | JP | BSI Large Manufacturing (QoQ) (3Q) | -15.1 | |||
| Sep 24 | 02:00 | NZ | Westpac Consumer Confidence (3Q) | 81.7 | ||
| 08:00 | EMU | Current Account n.s.a (Jul) | -1B | |||
| 08:00 | EMU | Current Account s.a (Jul) | -8.2B | |||