Friday, Oct 10, 16:02 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- CAG: Integrated market info and technical studies of top 31 currency pairs
- Webinar Videos: Trading set ups when breakouts aren't an option - Fibonacci trades by Phil Newton
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Forex Blogs
FX Path: GBP/USD − Further Bearish Bias by James Chen
As of Friday morning in New York, price action on the GBP/USD daily chart, as shown, continues to be entrenched in a steep downtrend. And the overall technical bias is still somewhat bearish.
FxBootcamp: FOREX Training Video | London Session October 10, 2008 by Wayne McDonell
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Oct 13, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Mon, Oct 13, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 13, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Oct 13, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN |  |
| Mon, Oct 13, 13:00 GMT | Back to Basics: RSI | Adam Rosen | WBN | |
| Mon, Oct 13, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Tue, Oct 14, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Volatile Stocks, Calm Currencies by ActionForex.com
Volatile prices actions continue today with Dow opens sharply lower and dives to below 8000 level briefly but rebounds strongly since then. The forex markets are relatively steady. Dollar and yen remain generally firm but struggle to ride on the falling global stock markets to make decisive break against Euro and Aussie.
USD/JPY recovers mildly after reaching as low as 97.91. While some volatility might be seen, short term outlook remains bearish as long as 101.48 resistance holds. The fall from 110.66 is expected to extend further to have a test on 95.77 low at least. On the upside, above 101.48 will turn short term outlook neutral and bring some more consolidation before resuming the decline.
- Laughing at the market sentiments by Dr. S. Sivaraman de Dr. S. Sivaraman
- 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:
FX Thoughts for the Day − FX Thoughts for the Day by Kshitij Consultancy Service
Currency Majors Technical Analysis by Mataf.net
Daily Analysis − Global markets tumble before G7 meeting by Finotec Group Inc.
Currency Technical Report − Currency Technical Report by FXGreece
Analysts' Blogs
Exploiting the panicness by Dr. S. Sivaraman, of i−knowindices.com
GBP/USD − Further Bearish Bias by James Chen, Chief Technical Analyst at FX Solutions.
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
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 INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Oct 14 | 09:00 | Industrial Production w.d.a. (YoY) | - | -1.7% |
| Oct 14 | 09:00 | Industrial Production s.a. (MoM) | - | -0.3% |
Friday Notes - EMU, Industrial Production: Technical rebound, but the trend is down by HVB Group
The strong jump in German production bodes well for area−wide output, which should have shown a sizeable 1.0% m−o−m increase in August. However, this is going to be just a technical rebound, in part driven by favorable one−off factors.
[ Full Story ]Top Market Movers Review
US IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 10 | 12:30 | Import Price Index (YoY) | 18.7% | - | 14.5% |
| Oct 10 | 12:30 | Import Price Index (MoM) | -3.0% | -2.5% | -2.6% |
US Import Price Drop Biggest In 5 Yrs; Decline Broad−Based (Dow Jones)
U.S. import prices tumbled at their fastest pace in more than five years last month, further evidence that falling oil prices and the slowing global economy are having a rapid damping effect on inflation.
[ Full Story ]- Read the Import and Export Price Indexes data at Labor Department
- TABLE−U.S. Sept import prices down 3.0 pct (Thomson Financial News)
- U.S. SEPT PETROLEUM IMPORT PRICES −9.0 PCT, NON−PETROLEUM IMPORT PRICES −0.9 PCT (Thomson Financial News)
- U.S. SEPT YEAR−OVER−YEAR PETROLEUM IMPORT PRICES +47.1 PCT (Thomson Financial News)
US economic indicators - Import prices (September): second sharp decline in a row by BHF−Bank
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 10 | 12:30 | Trade Balance | -$59.14B | -$59.30B | -$61.31B |
DATA SNAP: US Aug Trade Gap Falls Less Than Expected (Dow Jones)
The U.S. trade deficit shrank in August as falling oil prices and a lower volume of crude purchases amid the weak economy offset a worrisome slide in exports. The U.S. deficit in international trade of goods and services fell by 3.5% to $59.14 billion from July's revised $61.31 billion, the Commerce Department said Friday.
[ Full Story ]- Read the Trade Balance data at Census Bureau
- WRAPUP 1−U.S. trade gap narrows in August on lower oil prices (Thomson Financial News)
- UPDATE 1− U.S. trade gap narrows in August on lower oil prices (Thomson Financial News)
- TABLE−U.S. Aug trade gap narrowed to $59.14 bln (Thomson Financial News)
US economic indicators - Trade balance (August): narrower deficit due to oil price correction by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 10 | 00:00 | G7 Meeting | ||||
| 15:30 | CA | Bank of Canada Business Outlook Survey (3Q) | ||||
| Oct 12 | 21:45 | NZ | Retail Sales (MoM) (Aug) | -0.8% | ||
| 21:45 | NZ | Retail Sales ex Autos (MoM) (Aug) | -0.2% | |||
| Oct 13 | 00:00 | JP | Bank Holiday in Japan | |||
| 00:00 | US | Market Holiday | 1 | |||
| 07:15 | CH | Producer and Import Prices (MoM) (Sep) | -0.5% | |||