Monday, Sep 29, 16:13 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- US Financial Crisis: The Bailout Plan is almost there by FXstreet.com
- Webinar Videos: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- Streaming Forex Charts - 22 currency pairs and 21 technical indicators, FREE! by Netdania/FXCM
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International Traders Conference 2008 − October 29−31
8 experts, 3 days, 9 hours of Live Trading, 8 hours of speeches and much more!
"I will be using the very short term charts, so that we'll be seeing movement as we talk, and discussing the decisions as the market moves."
Rob Booker about Live Trading Sessions
Book your seat before it's too late... Register deadline is October 10!
- Speeches Schedule
- Speakers Panel
- Haven't you decided to go yet? − View all 2007 videos
Forex Blogs
The Advisor Blog: Usd/Jpy resting by Valeria Bednarik
The pair is as always, dancing alone. With no clear direction as the pair remains contained in range, major trend is still slightly bearish, yet 105.00 zone is still the base of any attempt to break lower, and a great rebound zone once reached.
FX Market Readings: Week beginning false move − a massive move... by Dr. S. Sivaraman
The Disciplined Trader: Tentative Deal for Bailout to be Voted on Monday by Pierre Charlebois
Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Sep 30, 08:00 GMT
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Tue, Sep 30, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Sep 29, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Sep 30, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Sep 30, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Sep 30, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Tue, Sep 30, 12:30 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
Current Session: U.S.
GBP/JPY
Mid−Day Forex Technical Report − Focus Turning to Yen on Risk Aversion by ActionForex.com
GBP/JPY's fall from 197.42 extended further to as low as 190.46 today and remains weak in early US session. At this point, intraday bias remains on the downside as long as 193.13 minor resistance holds. Further break of 189.74 support will confirm that rebound from 184.47 has already completed and will bring retest of this low. on the upside, above 193.13 will turn intraday outlook neutral first but another fall is still in favor after brief recovery.
- 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:
Dynamic Carry Basket − Risk Appetite And Carry Frozen As Financial Crisis Evolves While Congress Debates by FXCM
Currency Majors Technical Analysis − 1,4377. EUR USD broke 1,4565 support by Mataf.net
Chart of the Day − Chart of the Day − USD/JPY by FX Solutions
Weekly Outlook
Weekly Technical Strategist − EURUSD: Recovery Stalls Ahead Of the 1.4951/67 levels, Prints A Shooting Star Candle by FXTechstrategy
Weekly Forex Market Commentary − The dollar/Japanese yen slipped weakly amid cross trading by GFT (Global Forex Trading)
Forex Analysts' Blog
USD/JPY Update − Rise and Fall Respecting Resistance by James Chen, Chief Technical Analyst at FX Solutions.
Usd/Jpy resting by Valeria Bednarik, analyst and foreign manager at MolFX − Management
Currencies at a Glance
- EUR/USD
- Trades below 1.4375 , below third support level 1.4429
09/29/2008 11:54 GMT - GBP/USD
- Trades below 1.8050 , below third support level 1.8213
09/29/2008 11:55 GMT - USD/CHF
- Trades above third resistant level 1.1015
09/29/2008 11:56 GMT - USD/JPY
- Trades around opening price level 106.09 , above pivot level 105.91
09/29/2008 11:57 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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 30 | 06:00 | Retail Sales (YoY) | -3.25% | 0.00% |
| Sep 30 | 06:00 | Retail Sales (MoM) | 0.5% | -1.5% |
Friday Notes - Retail sales: No trend reversal in sight by HVB Group
The price of oil and prices of agricultural commodities have staged a significant correction recently. Nevertheless, inflation and, therefore, the erosion of consumer purchasing power remain high.
[ Full Story ]EMU economic indicators - German retail sales (August): decreasing further by BHF−Bank
Top Market Movers Review
US PERSONAL SPENDING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 29 | 12:30 | Personal Income (MoM) | 0.5% | 0.2% | -0.6% |
| Sep 29 | 12:30 | Personal Spending | 0.0 | 0.2 | 0.1 |
| Sep 29 | 12:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | 0.2% | 0.2% | 0.3% |
| Sep 29 | 12:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | 2.6% | 2.4% | 2.4% |
DATA SNAP: US Consumer Spending Flat In Aug; Income Up (Dow Jones)
Consumer spending was flat in August, a sign the economy was weakening during the second half of the year, but a key inflation gauge crept higher. Personal consumption was unchanged compared to the month before, the Commerce Department said Monday.
[ Full Story ]- Read the Income and Spending data at the Bureau of Economic Analysis
- UPDATE 1−U.S. Aug consumer spending flat, incomes up (Thomson Financial News)
- FXNEWS−USD shows no reaction to personal income data (Thomson Financial News)
- U.S. Aug consumer spending flat, incomes up (Thomson Financial News)
US economic indicators - PCE core deflator (August): moderate increase only by BHF−Bank
Friday Notes - Moderation in both income and spending growth by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 29 | 12:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (Aug) | 2.6% | 2.4% | 2.4% |
| 12:30 | US | Personal Income (MoM) (Aug) | 0.5% | 0.2% | -0.6% |
|
| 21:45 | NZ | Building Permits (MoM) (Aug) | -2.1% | 4.7% | ||
| 23:01 | UK | Gfk Consumer Confidence (Oct) | -40 | -36 | ||
| 23:30 | JP | Jobless Rate (Aug) | 4.1% | 4.0% | ||
| 23:30 | JP | Overall Household Spending (YoY) (Aug) | -1.3% | -0.5% | ||
| 23:50 | JP | Industrial Production (MoM) (Aug)  | -2.4% | 1.3% | ||