Tuesday, Oct 07, 16:06 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Special Coverage - Fed creates commercial paper-buying facility by FXstreet.com
- Special Coverage - Europe reacts to the global crisis by FXstreet.com
- Live Technical Analysis Workshop with Sunil Mangwani in Barcelona on November 1st - Special discount for ITC attendees!
- Webinar Videos: What may we expect for the rest of the year? by Adam Rosen
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International Traders Conference
The ITC will take place in Barcelona, Woody Allen's favourite destination! by FXstreet.com
Come and enjoy the FXstreet.com International Traders Conference in one of the most exciting cities of the world, Barcelona. Meet and learn from the best FX experts at the ITC, while you can visit this unequivocally Mediterranean city.
Barcelona offers you history, culture and leisure and will surely make of your stay an unforgettable experience.
Forex Blogs
FX Market Readings: Whether it is pull back or rise? by Dr. S. Sivaraman
Now the above question will be ringering in many traders mind.There are some attribute to the rise that Fed has initiated some commercial paper buying facilities −wide
The Advisor Blog: Usd/Jpy short and long term view by Valeria Bednarik
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Oct 8, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Oct 8, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 7, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN |  |
| Tue, Oct 7, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Oct 8, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Oct 8, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Oct 8, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
GBP/JPY
Mid−Day Forex Technical Report − Dollar and Yen Retreats, Fed to Buy Commercial Paper by ActionForex.com
GBP/JPY recovers after hitting long term trend line support at 174.64. Break of 180.64 indicates that an intraday low is in place and further consolidation could be seen. Nevertheless, upside of recovery is expected to be limited below 188.58 resistance and bring fall resumption. Below 174.03 will indicate decline from 197.42 has resumed for next short term target of 100% projection of 215.87 to 184.47 from 197.42 at 166.02.
In the bigger picture, 180 psychological support is taken out decisively. GBP/JPY is now pressing long term rising trend line support (129.32, 148.19).
- What may we expect for the rest of the year? by Adam Rosen, CEO and Co−Founder at 4xLounge
- 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 Analysis − The UK may cut the interest rate after negative quarter by Finotec Group Inc.
FX Thoughts for the Day − FX Thoughts for the Day by Kshitij Consultancy Service
Daily Technical Strategist − EURUSD: While The 1.3882 & 1.3666 Levels Hold, Momentum Triggered At The 1.4867 Level Is Set To Continue by FXTechstrategy
Bank's Analysis
FX Strategy − Why defensive currencies are still your friends by Danske Bank A/S
Weekly Outlook
Market Thoughts − 7/10/2008 − The Current Market Sentiment by FX Recommends
Forex Analysts' Blog
Usd/Jpy short and long term view by Valeria Bednarik, analyst and foreign manager at MolFX − Management
Forex Signals
Spot Forex Trades − 100pips GBPJPY Mission Accomplished by ForexSurvivor
Currencies at a Glance
- EUR/USD
- Moves down back below first resistant level 1.3658
10/07/2008 15:29 GMT - GBP/USD
- Trades above pivot level 1.7497
10/07/2008 15:30 GMT - USD/CHF
- Trades around pivot level 1.1415
10/07/2008 15:30 GMT - USD/JPY
- Continues to trade around pivot level 102.39
10/07/2008 15:30 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
US FOMC MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 7 | 18:00 | FOMC Minutes | - | - |
Daily Market Briefing - US Dollar Rockets Higher on Demand for Treasuries, Will the FOMC Minutes Trigger a Sell−off? by FXCM
Looking ahead to Tuesday, the minutes from the Federal Open Market Committee's September meeting will be released and this could draw attention once again to the problems plaguing the US economy. It was somewhat surprising to see the markets completely brush off the disappointing non−farm payrolls numbers, as the risks for recession remain very high.
[ Full Story ]Top Market Movers Review
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 7 | 10:00 | Factory Orders n.s.a. (YoY) | -7.6% | -4.7% | -0.3% |
| Oct 7 | 10:00 | Factory Orders s.a. (MoM) | 3.6% | 0.5% | -1.3% |
German manufacturing orders rise 3.6 pct m/m in Aug (Thomson Financial News)
German manufacturing orders unexpectedly rose by 3.6 percent on the month in August, ending an unprecedented run of eight consecutive declines, preliminary Economy Ministry data showed on Tuesday.
[ Full Story ]- Read the Factory Orders data at BMWi [text in German]
- UPDATE 1−German industry orders post first rise in 9 months (Thomson Financial News)
- INSTANT VIEW 1−German manufacturing orders bounce back (Thomson Financial News)
- TABLE−German Aug manufacturing orders +3.6 pct m/m (Thomson Financial News)
Friday Notes - Order volume shrinking by HVB Group
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 7 | 08:30 | Manufacturing Production (YoY) | -1.9% | -1.6% | -1.4% |
| Oct 7 | 08:30 | Manufacturing Production (MoM) | -0.4% | -0.2% | -0.2% |
| Oct 7 | 08:30 | Industrial Production (MoM) | -0.6% | -0.2% | -0.4% |
| Oct 7 | 08:30 | Industrial Production (YoY) | -2.3% | -2.0% | -1.5% |
UK manufacturing output weakens above expectations in August (FXstreet.com)
Industrial production as well as manufacturing output have both posted larger than expected declines in August, weighed by a large decline in the transport equipment industries, according to data released by National Statistics.
[ Full Story ]- Lee el dato oficial en la Office for National Statistics
- Read the Index of Production data at the Office for National Statistics
- UPDATE: UK Mfg Output In Longest Losing Streak Since 1980 (Dow Jones)
- UK manufacturing posts longest losing streak since 1980 (Thomson Financial News)
- TABLE−UK industrial production falls 0.6 pct m/m in Aug (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 7 | 10:00 | DE | Factory Orders n.s.a. (YoY) (Aug) | -7.6% | -4.7% | -0.3% |
| 10:00 | DE | Factory Orders s.a. (MoM) (Aug) | 3.6% | 0.5% | -1.3% |
|
| 17:15 | US | Fed's Bernanke Speech | ||||
| 18:00 | US | FOMC Minutes (Sep 16) | ||||
| 19:00 | US | Consumer Credit (Aug) | $6.00B | $4.56B | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Oct 5) | -41 | |||
| 23:01 | UK | Nationwide Consumer Confidence (Oct) | 52 | |||