Tuesday, Sep 30, 16:58 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Special Coverage - Financial Crisis: Bush: "Congress must act on decisive action" by FXstreet.com
- Special Coverage - Banks interventions: Trying to settle down global uncertainty by FXstreet.com
- The 5 Ways that Wall Street's Mess Hurts Main Street: Where Do We Go From Here? by GFT (Global Forex Trading)
- Webinar Videos: The Weather Report: Ichimoku Cloud Trading by Chris Capre
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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
FX Market Readings: EURO and GBP −downward stop hunts are buy opportunities by Dr. S. Sivaraman
Players are holding near low EURO and GBP and discouraging the traders to make any buy in them.But actually they are dropping and buying against the sells they made during US session yesterday.
FX Path: GBP/USD Update − Bear Run Continuation by James Chen
The Advisor Weblog: Japanese yen and American Dollar by Valeria Bednarik
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Oct 1, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Wed, Oct 1, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Sep 30, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Oct 1, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Oct 1, 15:00 GMT | Institutional Trading Strategies | Andrei Pehar | WBN |  |
| Wed, Oct 1, 16:00 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Wed, Oct 1, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Euro Dives Following Dexia $9.2b Bailout by ActionForex.com
EUR/USD's fall from 1.4867 resumes by taking out 1.4302 low and reaches as low as 1.4150 so far. Break of 1.4512 support confirms that rebound from 1.3881 has completed at 1.4867, below 1.4908 resistance as expected. At this point, intraday bias remains on the downside as long as 1.4429 minor resistance holds. Further decline is expected to be seen to retest 1.3881 low and 1.3851 key medium term support. On the upside, above 1.4429 will turn intraday outlook neutral first but another fall is still expected after recovery
- Plan denied − Politics reign − Accusations Fly by Jerry Furst, Director at Investors Education Network
- 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:
Currency Majors Technical Analysis − 1,4258. EUR USD broke 1,4300 support by Mataf.net
Foreing Exchange − Euro: The downtrend is intact below falling trend line(from the all time high) coming in at 1.5014 today by Avantage Financial GMBH
FX Thoughts for the Day − FX Thoughts for the Day by Kshitij Consultancy Service
Weekly Outlook
FX Weekly Commentary − Traders Gave Their Answer to Rescue Plan Rejection by Causing Mayhem in the Financial Markets…What ‘s Next? by FXGreece
Forex Analysts' Blog
Dollar Strengthening Across the Board by James Chen, Chief Technical Analyst at FX Solutions.
GBP/USD Update − Bear Run Continuation by James Chen, Chief Technical Analyst at FX Solutions.
Currencies at a Glance
- EUR/USD
- Continues to move down towards third support level 1.4032
09/30/2008 14:52 GMT - GBP/USD
- Moves down below first support level 1.7905
09/30/2008 14:53 GMT - USD/CHF
- Continues to move up towards second resistant level 1.1204
09/30/2008 14:53 GMT - USD/JPY
- Moves up above first resistant level 106.07
09/30/2008 14:53 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 PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Oct 1 | 08:00 | Purchasing Manager Index Manufacturing | 45.3 | 47.6 |
EMU economic indicators - No PMI revisions by BHF−Bank
The turmoil in financial markets has intensified recently and is weighing on consumers and companies. We do not expect any significant revisions for the final RBS−PMI indices for September.
[ Full Story ]Top Market Movers Review
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 30 | 14:00 | Consumer Confidence | 59.8 | 55.0 | 58.5 |
U.S. consumer confidence up in September (Thomson Financial News)
U.S. consumer confidence improved in September as inflation expectations fell to a six−month low, the Conference Board said on Tuesday, though it noted its survey did not capture all the latest events in the financial crisis.
[ Full Story ]- Read the Confidence data at the Conference Board
- US September consumer confidence rises to 59.8 vs 55.5 expected (Thomson Financial News)
- US Conference Board's Consumer Confidence Index edges up in September (FXstreet.com)
US economic indicators - Consumer confidence (September): decline due to rise in unemployment and financial market turmoil by BHF−Bank
US PRESIDENT BUSH SPEAKS ABOUT BAILOUT PLAN
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 30 | 12:45 | President Bush Speaks About Bailout Plan | - | - | - |
Bush calls for political action to save U.S. economy (FXstreet.com)
U.S. President George W. Bush has called for urgent action as U.S. economy needs a Bailout Bill in order to avoid "painful and lasting" economic damage.
[ Full Story ]- UPDATE 1−Bush says US economy needs government action (Thomson Financial News)
- FXNEWS−Dollar has limited reaction to Bush's comments (Thomson Financial News)
- Bush says US economy needs government action (Thomson Financial News)
Forex Trading Strategies - Equity market swoon on TARA failure smacks carry trades for enormous losses by Saxo Bank
Daily Forex Technical Report − Uncertainties ahead after TARP Defeat by ActionForex.com
Daily Currency Market Focus - House Kills the Bailout Plan and the US Dollar by GFT (Global Forex Trading)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 30 | 14:00 | US | Consumer Confidence (Sep) | 59.8 | 55.0 | 58.5 |
| 16:00 | EMU | ECB Trichet's Speech | ||||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Sep 26) | -41 | |||
| 23:50 | JP | Tankan Large All Industry Capex (3Q) | 2.5% | 2.4% | ||
| 23:50 | JP | Tankan Large Manufacturing Index (3Q) | -2 | 5 | ||
| 23:50 | JP | Tankan Large Manufacturing Outlook (3Q) | -3 | 4 | ||
| 23:50 | JP | Tankan Non − Manufacturing Index (3Q) | 5 | 10 | ||