Thursday, Oct 09, 16:03 GMT
ASIA-PACIFIC Trading Newsletter
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- Special Coverage - Markets reacting to global rate cut by FXstreet.com
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Forex Blogs
FX Path: USD/CAD − Bumping Up Against Resistance by James Chen
As of early Thursday morning in New York, price on the key USD/CAD daily chart, as shown, has just bumped up against the substantial resistance...
FxBootcamp: FOREX Training Video | London Session October 9, 2008 by Wayne McDonell
The Advisor Blog: Majors for today by Valeria Bednarik
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Oct 9, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Oct 10, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 9, 16:00 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN |  |
| Thu, Oct 9, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Oct 10, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Oct 10, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Fri, Oct 10, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
Current Session: U.S.
USD/CAD
Currency Majors Technical Analysis − 1,1241. USD CAD is in an uptrend by Mataf.net
1,1241. USD CAD is in an uptrend supported by 1H exponential moving averages. USD CAD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CAD. The price should find a support above 1,1190 (51 pips). The uptrend should continue to gather momentum.
=> We could take a long position at 1,1220. We will put the stop loss below 1,1170 (−50 pips). The targets are 1,1300 (+80 pips, risk/reward 1:1.6), 1,1380 (+160 pips, risk/reward 1:3.2)
- Technical Analysis Bootcamp: The indicators you need to know and how to interpret them by Dan Blystone, Founder TradersLog.com − Management
- 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 − USD/CAD Surges, Yen and Dollar Consolidates by ActionForex.com
Technical Analysis: Metals − Spot GOLD by Mizuho Corporate Bank
Daily Technical Strategist − EURUSD: Nearer Term Corrective Recovery Targets A Retest Of The 1.3852/82 by FXTechstrategy
Bank Recomendations − Bank−Recommendations by Finotec Group Inc.
Weekly Outlook
Weekly Forex Focus by Trading Central
Monthly Performance
Today's Technical Trading Points − Performance September 2008 by Danske Bank A/S
Analysts' Blogs
USD/CAD − Bumping Up Against Resistance by James Chen, Chief Technical Analyst at FX Solutions
Currency Performance
Spot Forex Trades − USDCAD update with lock 163pips by ForexSurvivor
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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 10 | 12:30 | Trade Balance | -$59.3B | -$62.2B |
US economic indicators - Trade balance (August): narrower deficit due to oil price correction by BHF−Bank
The total trade deficit rose from –$58.8bn to –$62.2bn in July, but this was an oil−related surge, because the deficit ex petroleum fell to the lowest level since the beginning of 2001. Given the drop in import prices by 3.7% mom, we forecast that the trade deficit will have fallen sharply to about –$58.5bn in August.
[ Full Story ]Top Market Movers Review
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 9 | 14:00 | Wholesale Inventories | 0.8% | 0.4% | 1.4% |
US wholesalers inventories rise twice as expected in August (FXstreet.com)
Inventories by US wholesalers have increased twice as expected in August due to a sharper than expected decline in sales which left middlemen with higher than expected supply, according to data released by the Commerce Department.
[ Full Story ]- Read the Wholesale Inventories data at Census Bureau
- US Aug wholesale inventories up, sales drop (Thomson Financial News)
- US August wholesale inventories up 0.8%, sales down 1.0% (Thomson Financial News)
- DATA SNAP: US Wholesale Inventories Above Expectations (Dow Jones)
US economic indicators - We expect wholesale inventories to have increased by 0.4% mom by BHF−Bank
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 9 | 12:30 | Continuing Jobless Claims | 3659K | - | 3591K |
| Oct 9 | 12:30 | Initial Jobless Claims | 478K | 475K | 498K |
US Jobless Claims −20K To 478K In Oct 4 Week; Survey −22K (Dow Jones)
The number of U.S. workers filing new claims for unemployment benefits fell last week, a government report showed, as the effect of recent hurricanes on jobless claims faded.
[ Full Story ]- Read the Jobless Claims data at Labor Department
- US weekly jobless claims fall 20,000 to 478,000 UPDATE (Thomson Financial News)
- FINEWS−U.S. jobless claims fall to 478,000 in week (Thomson Financial News)
- UPDATE 1−U.S. jobless claims drop as hurricane impact fades (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 9 | 00:00 | G7 Meeting | ||||
| 14:00 | US | Wholesale Inventories (Sep) | 0.8% | 0.4% | 1.4% | |
| 23:50 | JP | Bank Lending (YoY) (Sep) | 2% | |||
| 23:50 | JP | BoJ Minutes (Sep 17) | ||||
| Oct 10 | 05:45 | CH | Unemployment Rate (Sep) | 2.4% | 2.4% | |
| 05:45 | CH | Unemployment Rate s.a. (Sep) | 2.5% | 2.5% | ||
| 11:00 | CA | Net Change in Employment (Sep) | 12.5K | 15.2K | ||