Friday, Sep 26, 16:23 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- US Financial Crisis: Will the Bailout Plan save US economy? by FXstreet.com
- Webinar Videos: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- New World Indices Section - Watch the action prize of the main World Stocks and Commodities
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Forex Blogs
FX Path − USD/CAD Update − Ripe for a Move by James Chen
As of early Friday morning (New York session), price on the USD/CAD daily chart, as shown, is still stuck in a tight consolidation zone after a deep drop stalled several days ago. Price is now ripe for a directional move.
The Advisor Blog − Usd/Jpy for today by Valeria Bednarik
The Disciplined Trader − GBPand EUR vs USD Still unclear by Pierre Charlebois
Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Sep 29, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Risk Management
Expert: Valeria Bednarik
Start: Mon, Sep 29, 12:30 GMT
Type of Session: Webinar
Topics
− How to manage your capital in order to become profitable?
− Caution trading could be worthy too
− Why waiting for stop hunting and margin calls?
| Sponsored by | ||||
| Mon, Sep 29, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Sep 29, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Sep 29, 12:30 GMT | Risk Management | Valeria Bednarik | WBN | |
| Mon, Sep 29, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Sep 29, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Yen Firm as Investors Remain Cautious by ActionForex.com
EUR/USD continues to trade with a soft today but is still supported above 1.4542 so far. Nevertheless, with 4 hours MACD staying below signal line, intraday bias remains mildly on the downside as long as 1.4700 minor resistance holds. Break of 1.4542 support will be the first indication that rebound from 1.3881 has completed. Further break of 1.4150 support will confirm this case and bring retest of 1.3881 low and key medium term support at 1.3851. On the upside, while another rise cannot be ruled out, since rebound from 1.3881 is treated as correction to fall from 1.6038 only, upside is still expected to be limited by 1.4908 resistance and bring fall resumption.
- The U.S. Dollar sits and waits for D.C. by Raghee Horner, trader and author at Raghee.com
- 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 Technical Strategist − EURUSD: EUR Prints High Wave Candle, Slides towards The 1.4542/71 Zone by FXTechstrategy
The Commodities Corner − How to Determine the Next Likely Direction for Oil by fxKnight.com
FX Thoughts for the Day − FX Thoughts for the Day by Kshitij Consultancy Service
Weekly Outlook
Weekly Market Commentary − Interest rate markets are dysfunctional and polarised, credit quality and relative liquidity the key issues by Mizuho Corporate Bank
Forex Analysts' Blog
The Eur/Usd for today by Valeria Bednarik, analyst and foreign manager at MolFX − Management
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Forex Signals
Daily Scalping Tip − Daily Scalping Tip by PipsandTips.com
Currencies at a Glance
- EUR/USD
- Trades below pivot level 1.4645
09/26/2008 15:33 GMT - GBP/USD
- Trades below pivot level 1.8448
09/26/2008 15:33 GMT - USD/CHF
- Trades around pivot level 1.0882
09/26/2008 15:34 GMT - USD/JPY
- Trades below pivot level 106.34
09/26/2008 15:34 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 CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 29 | 09:00 | Economic Confidence | - | 88.8 |
| Sep 29 | 09:00 | Consumer Confidence | - | -19 |
Friday Notes - EMU, Economic Confidence: Depressed by HVB Group
The European Commission indicator of economic confidence should decline further in September, mirroring the tumble seen in the composite PMI earlier in the week. We suspect that manufacturing will remain under significant pressure, while services activity could show signs of tentative stabilization around current depressed levels.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 26 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 70.3 | 71.0 | 63.0 |
US economic indicators - UMI consumer sentiment (final September): increase somewhat smaller than initially announced by BHF−Bank
The University of Michigan's (UMI) preliminary September consumer sentiment went up significantly by 10 points to 73.1. The rebound in expectations was particularly pronounced. As the graph indicates, the improvement appears to have been mainly due to the drop in gasoline prices, to which the UMI indicator usually reacts quite sensitively.
[ Full Story ]- Reuters/Univ Michigan End−Sep Sentiment 70.3; Aug 63.0 (Dow Jones)
- Univ. Michigan Consumer Sentiment index improves in September (FXstreet.com)
- TABLE−Reuters/U Mich Sept final sentiment index 70.3 (Thomson Financial News)
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 26 | 12:30 | Gross Domestic Purchases Price Index | 4.3% | 1.2% | 3.5% |
| Sep 26 | 12:30 | Gross Domestic Product Annualized | 2.8% | 3.3% | 0.9% |
DATA SNAP: US Economy Revised Below Expectations (Dow Jones)
The U.S. economy grew less in the second quarter than previously estimated, and corporate profits fell again, a government report Friday showed. Gross domestic product rose at a 2.8% annual rate April through June, the Commerce Department said.
[ Full Story ]- Read the GDP data at Bureau of Economic Analysis
- UPDATE: US 2Q GDP Revised Lower, Rebounds Less Than Expected (Dow Jones)
- US GDP/Corporate Profits−STATS−Historical (Dow Jones)
- FXNEWS−Rate cut likely after GDP data−analyst (Thomson Financial News)
Trading News Report - U.S. GDP on Tap, How Will the Dollar React? by FXCM
US economic indicators - Q2 GDP was revised up substantially, from an annualised 1.9% to 3.3% by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 26 | 13:00 | DE | Consumer Price Index (YoY) (Sep)  | 2.9% | 2.8% | 3.1% |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Sep) | 70.3 | 71.0 | 63.0 | |
| Sep 28 | 22:45 | NZ | Trade Balance (Aug) | -781M | ||
| 23:50 | JP | Large Retailer's Sales (Aug) | -0.7% | |||
| 23:50 | JP | Retail Trade (YoY) (Aug) | 2% |
|||
| 23:50 | JP | Retail Trade s.a (MoM) (Aug) | 0% | |||
| Sep 29 | 02:00 | NZ | M3 Money Supply (YoY) (Aug) | 7.6% | ||