Wednesday, Sep 24, 16:04 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: Understand & Use Fibonacci Ratio’s Effectively by Sunil Mangwani
- New World Indices Section - Watch the action prize of the main World Stocks and Commodities
- Forex Basics - Trading reports for beginners
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Forex Blogs
The Disciplined Trader: If your going to learn how to trade you need to learn how to lose by Pierre Charlebois
Remember when your mother would say: You need to learn to lose gracefully. I don't know about you but I had no idea what the h#$l she was talking about. I was angry and upset and mad at myself and everything and I didn't even know what the word ‘graceful' meant.
FX Path: EUR/USD Update − Pullback Before Possible Upside Break? by James Chen
Trade Setups: Forex Video | Set ups 24 Sept ‘08 | Analysis by Phil Newton
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Sep 24, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Sep 25, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Sep 24, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Sep 25, 10:00 GMT | Tracking the forex market together / Part I  | Dr.S.Sivaraman | WBN |  |
| Thu, Sep 25, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Thu, Sep 25, 13:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
| Thu, Sep 25, 14:00 GMT | Combining Multiple Time Frames to Pin−Point Low Risk / High Reward Opportunity in Forex | Sam Seiden | WBN | |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − Markets Remains Steady after Disappointing Data from US and Eurozone by ActionForex.com
No change in GBP/USD's outlook as the pair continues to stay in tight range. An intraday top is in place with 4 hours MACD staying below signal line. Considering that rebound from 1.7445 has met upside target of 1.8512/8794 resistance zone already, rebound from 1.7445 might be near to completion. Below 1.8263 will turn intraday bias back to the downside first. Break of 1.7916 will confirm rebound from 1.7445 has finished and bring retest of this low and long term fibonacci level of 50% retracement of 1.3680 to 2.1161 at 1.7421.
- 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:
Market Session Recaps − London Session by FOREX.com
FXA Column − The market trading just below key resistance at the nearly month long bearish trendline by FXA
Daily Forex News − Forex − Asia and Europe higher as Buffet's Berkshire Hathaway invests $5.0Bn in Goldman Sachs by ACM − Advanced Currency Markets
Daily Technical Strategist − EURUSD: EUR Turns Ahead Of The 1.4951/67 Zone, The 1.4542/71 Zone Seen As Next Downside Objective by FXTechstrategy
Weekly Outlook
Weekly Forex Outlook − Crashing stocks Prompt record Bailout from US Government by Easy Forex
Forex Analysts' Blog
EUR/USD Update − Pullback Before Possible Upside Break? by James Chen, Chief Technical Analyst at FX Solutions.
Forex Signals
Daily Scalping Tip by PipsandTips.com
Currencies at a Glance
- EUR/USD
- Moves down below pivot level 1.4699
09/24/2008 15:47 GMT - GBP/USD
- Moves down below pivot level 1.8542
09/24/2008 15:47 GMT - USD/CHF
- Moves up above pivot level 1.0825
09/24/2008 15:48 GMT - USD/JPY
- Moves up around first resistant level 106.02
09/24/2008 15:48 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 M3
| Date (GMT) | Event | Cons. | Previous | |
| Sep 25 | 08:00 | M3 (YoY) | 9.0% | 9.3% |
EMU economic indicators - M3 growth (July): slowed to 9% yoy by BHF−Bank
In view of high short−term interest rates increasing economic uncertainty, flows into time deposits are expected to have remained strong in August. However, other components of M3 (e.g. overnight and saving deposits, money market funds) are increasing only moderately, if at all. M3 growth is therefore likely to have slowed further, to about 9.0% yoy in August, down from 9.3 % in July.
[ Full Story ]Top Market Movers Review
US FED'S BERNANKE TESTIFIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 24 | 14:00 | Fed's Bernanke testifies | - | - | - |
Bernanke warns markets threaten weak U.S. economy (Thomson Financial News)
U.S. Federal Reserve Chairman Ben Bernanke on Wednesday said global financial markets were under "extraordinary stress" and threatening an already weak U.S. economy as he offered his bleakest outlook since a credit crisis set in last year.
[ Full Story ]- Read the Testimony of Chairman Bernanke at the Federal Reserve
- UPDATE 1−Bernanke warns markets threaten weak U.S. economy (Thomson Financial News)
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 24 | 14:00 | Existing Home Sales | 4.91M | 49.50M | 5.00M |
| Sep 24 | 14:00 | Existing Home Sales (MoM) | -2.2% | -1.0% | 3.1% |
US existing home sales decline in August on tighter mortgage credit conditions (FXstreet.com)
Existing home sales have posted a larger than expected decline in August, reversing gains posted on the previous month, weighed by tighter mortgage credit activity, according to figures released by the National Association of Realtors.
[ Full Story ]- Existing Home Sales at National Association of Realtors
- UPDATE 1−Price of US existing homes see record fall (Thomson Financial News)
- FINEWS−Housing market seen caught in vicious cycle (Thomson Financial News)
- FOREX−Dollar extends losses vs euro after home sales data (Thomson Financial News)
US economic indicators - We thus expect existing home sales to have fallen back to 4.92m in August by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 24 | 14:00 | US | Fed's Bernanke testifies | |||
| 14:35 | US | EIA Crude Oil Stocks change (Sep 19) | -1.5M | -6.3M | ||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Aug) | ¥112.5B | ¥172.4B | ||
| 23:50 | JP | Corporate Service Price (YoY) (Aug) | 1.2% | 1.3% | ||
| 23:50 | JP | Merchandise Trade Balance Total (Aug) | -¥290.0B | ¥91.1B | ||
| Sep 25 | 06:10 | DE | Gfk Consumer Confidence Survey (Aug) | 1.3 | 1.5 | |
| 08:00 | EMU | M3 (YoY) (Aug) | 9.0% | 9.3% | ||