Thursday, Sep 25, 15:57 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: Understand & Use Fibonacci Ratio's Effectively by Sunil Mangwani
- US Dollar: Don't Trust This Rally by Kathy Lien
- New World Indices Section - Watch the action prize of the main World Stocks and Commodities
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Forex Blogs
FX Path: The Self−Fulfilling Prophecy by James Chen
A quick note about the important role of the "self−fulfilling prophecy" in forex trading and technical analysis. One of the key reasons that many aspects of technical analysis, especially such important concepts as support and resistance, often seem to work remarkably well has to do with this phenomenon.
The Advisor Blog: Forex Video | Set ups 25 Sept ‘08 | Analysis by Valeria Bednarik
Trade Setups: Forex Video | Set ups 25 Sept ‘08 | Analysis by Phil Newton
Live Sessions Schedule
The Forex Basic Training Program − Chapter VII
Expert: Wayne McDonell
Start: Fri, Sep 26, 08:00 GMT
Type of Session: Webinar
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Fri, Sep 26, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Sep 25, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN |  |
| Fri, Sep 26, 08:00 GMT | The Forex Basic Training Program − Chapter VII | Wayne McDonell | WBN | |
| Fri, Sep 26, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Sep 26, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Fri, Sep 26, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
Current Session: U.S.
USD/CAD
Currency Majors Technical Analysis − 1,0315. USD CAD is in an downtrend directed by 1H exponential moving averages by Mataf.net
,0315. USD CAD is in an downtrend directed by 1H exponential moving averages. USD CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,0300. If the support is broken then the target will be 1,0150.
=> We could take a short position at 1,0330. We will put the stop loss above 1,0380 (−50 pips). The targets are 1,0250 (+80 pips) 1,0200 (+130 pips) 1,0150 (+180 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative −> 4 Trend following): 3.
- 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:
Mid−Day Forex Technical Report − Markets Steady Despite Poor US Data, Deal on Bailout Plan Close by ActionForex.com
Bank Recomendations − Banking Recommendation Technical's by Finotec Group Inc.
Currencies: Technical Strategies − How to Catch the Next EUR/USD Move by fxKnight.com
Weekly Outlook
Weekly Forex Focus by Trading Central
Forex Analysts' Blog
Consolidation in the Majors by James Chen, Chief Technical Analyst at FX Solutions
Currency Performance
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 down below pivot level 1.4658
09/25/2008 15:35 GMT - GBP/USD
- Moves down towards first support level 1.8411
09/25/2008 15:36 GMT - USD/CHF
- Moves up above pivot level 1.0879
09/25/2008 15:36 GMT - USD/JPY
- Moves up above first resistant level 106.52
09/25/2008 15:37 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Sep 26 | 06:00 | Consumer Price Index (YoY) | 2.8% | 3.1% |
| Sep 26 | 06:00 | Consumer Price Index (MoM) | -0.2% | -0.3% |
EMU economic indicators - We expect German consumer prices to have decreased by 0.2% mom by BHF−Bank
The preliminary results for national German CPI in September will be released. We expect German consumer prices to have decreased by 0.2% mom, which would bring the annual rate down to 2.8%.
[ Full Story ]Top Market Movers Review
US NEW HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 25 | 14:00 | New Home Sales | 460K | 510K | 520K |
| Sep 25 | 14:00 | New Home Sales (MoM) | -11.5% | 0.0% | 2.4% |
DATA SNAP: US Aug New Home Sales Less Than Expected (Dow Jones)
New−home sales dived to the lowest level in 17 years during August and prices kept dropping, a government report said Thursday. Inventories fell, but the ratio of houses for sales to homes sold rose.
[ Full Story ]- Read the New Home Sales data at Census Bureau
- UPDATE 1−U.S. August new homes prices, sales plummet (Thomson Financial News)
- US August new home sales down to 460,000 unit annual rate (Thomson Financial News)
- U.S. August new homes prices, sales plummet (Thomson Financial News)
Market Session Snap−Shot - Housing Sector Continues to Pain US Economy by ACM − Advanced Currency Markets
US economic indicators - Existing and new home sales (August): another decline after temporary rebound by BHF−Bank
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 25 | 12:30 | Durable Goods Orders | -4.5% | -1.5% | 0.8% |
| Sep 25 | 12:30 | Durable Goods Orders ex Transportation | -3.0% | -0.4% | 0.7% |
DATA SNAP: US Aug Durable Goods Fall Below Expectations (Dow Jones)
Demand for expensive manufactured goods plunged during August, dropping far below expectations in a broad−based decline involving nearly every sector. Orders for durable goods decreased 4.5% last month to a seasonally adjusted $208.50 billion, the Commerce Department said Thursday.
[ Full Story ]- Read the Durable Good Orders data at Census Bureau
- WRAPUP 1−U.S. goods goods orders drop, jobless claims soar (Thomson Financial News)
- US August durable goods orders fall 4.5 pct vs 1.6 pct fall expected (Thomson Financial News)
- U.S. August durable goods orders down sharply (Thomson Financial News)
Mid−Day Forex Technical Report − Markets Steady Despite Poor US Data by ActionForex.com
US economic indicators - Durable goods orders (August): down markedly mainly due to transportation by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 25 | 14:00 | US | New Home Sales (MoM) (Aug) | -11.5% | 0.0% | 2.4% |
| 14:50 | TW | Interest Rate Decision | 3.500% | 3.625% | ||
| 16:00 | US | Fed's Bernanke testifies (Aug) | ||||
| 22:45 | NZ | Gross Domestic Product (QoQ) (2Q) | -0.4% | -0.3% | ||
| 23:30 | JP | National Consumer Price Index (YoY) (Aug) | 2.1% | 2.3% | ||
| 23:30 | JP | National CPI Ex Food, Energy (YoY) (Aug) | 0.2% | 0.2% | ||
| 23:30 | JP | National CPI Ex−Fresh Food (YoY) (Aug) | 2.4% | 2.4% | ||