Wednesday, Oct 15, 16:22 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- CAG: Integrated market info and technical studies of top 31 currency pairs
- Webinar Videos: Trading and Identifying Volatility in the Forex by John Jagerson
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Forex Blogs
The Advisor Blog: Gbp/Usd opportunities by Valeria Bednarik
The pair remains choppy yet slightly bullish. The strong support zone around 1.7500/20 seems to be holding despite the pair attempt to break it a couple of times. The pair seems ready to make a short term bullish run just above the 1.7580 zone, first to 1.7610 and then to 1.7630.
FX Path: EUR/USD − Correction in the Making by James Chen
Chartology: GBP/USD Swing Buy on 60 min. by Raghee Horner
Live Sessions Schedule
How to create a trading system − Free Access Day
Expert: Valeria Bednarik
Start: Thu, Oct 16, 12:00 GMT
Type of Session: Webinar
Topics
− Set correct rules for sucessful trading
− Develop your own trading system step by step and learn how to do an apropiate backtesting; Real time, real money aplication
Tracking the forex market together / Part I − Free Access Day
Expert: Dr.S.Sivaraman
Start: Thu, Oct 16, 10:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 15, 16:00 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN |  |
| Wed, Oct 15, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Thu, Oct 16, 10:00 GMT | Tracking the forex market together / Part I − Free Access Day | Dr.S.Sivaraman | WBN | |
| Thu, Oct 16, 11:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
| Thu, Oct 16, 12:00 GMT | How to create a trading system − Free Access Day | Valeria Bednarik | WBN | |
Current Session: U.S.
EUR/USD
Daily Technical Strategist − Hesitation Ahead Of 1.3785 And A Close Back Below the 1.3682/66 by FXTechstrategy
EURUSD With EUR failing ahead of the 1.3786 level, its Oct 09'08 high and closing back below the 1.3682/66 zone, its April'07/Dec'04 highs, its corrective bounce started at the 1.3259 may be coming to an end opening risk towards its Dec'04 high/August'07 low at 1.3366/61.Below the 1.3312/1.3264 zone, its .618 Ret (1.1640−1.6038 rally)/Jun'07 low will highlight its YTD low at 1.3259 where a decisive invalidation will activate its medium−longer term losses aiming at its .618 Ret(0.8231−1.6038 rally, monthly chart) at 1.3058.
- Sneak preview of the Live Technical Analysis Workshop in Barcelona, Spain Sunil Mangwani, CEO at FibForex123.
- 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 Technical Strategist − EURUSD: Hesitation Ahead Of 1.3785 And A Close Back Below the 1.3682/66 Area Highlight Lower by FXTechstrategy
Mid−Day Forex Technical Report − Stocks Set for Lower Open after Poor US data, Yen Retreat Completed? by ActionForex.com
FX Thoughts for the Day − FX Thoughts for the Day by Kshitij Consultancy Service
Daily Analysis − The Bears Roar Again Pushing the Yen higher by Finotec Group Inc.
Weekly Outlook
Weekly Update − The USD began the week on a positive note holding steady against the euro by Union Bank of California
Analysts' Blogs
USD/CAD makes record moves by Pierre Charlebois, Senior Trading Coach at www.TradingPostFinancial.com
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Forex Signals
Trade Signals − Matsys D Trade Signals by Fxwintrades
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 FED'S BEIGE BOOK
| Date (GMT) | Event | Cons. | Previous | |
| Oct 15 | 18:00 | Fed's Beige Book | - | - |
US economic indicators - Economic activities to have slowed markedly by BHF−Bank
The Beige Book will describe economic activities to have slowed markedly in the reporting period: the housing market correction has not bottomed out yet, and private consumption is suffering from rising unemployment and restricted credit availability, which together with the financial market turmoil and the global growth slowdown is also having a negative impact on investment. Weak growth and lower oil prices also have a dampening effect on prices and wages.
[ Full Story ]Top Market Movers Review
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 15 | 12:30 | Retail Sales (MoM) | -1.2% | -0.6% | -0.4% |
DATA SNAP: US Sep Retail Sales Far Below Expectations (Dow Jones)
U.S. retail sales took the sharpest drop in three years during September as a weak job market and the credit crunch scared consumers and slowed the big engine of the economy. Retail sales dived by 1.2% last month, the Commerce Department said Wednesday.
[ Full Story ]- Read the Retail Sales data at Census Bureau
- Dollar Gains On Lower Oil; Unmoved By Weak US Retail Sales (Dow Jones)
- US stock futures extend losses on weak retail sales (Thomson Financial News)
- US STOCKS−Futures extend losses on weak retail sales (Thomson Financial News)
Mid−Day Forex Technical Report − Stocks Set for Lower Open after Poor US data, Yen Retreat Completed? by ActionForex.com
Trading News Report - U.S. Retail Sales on Tap − Will Fading Demands Push the Dollar Lower? by FXCM
US economic indicators - Retail sales (Sep): soften due to declines in auto sales and gasoline prices by BHF−Bank
US PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 15 | 12:30 | Producer Price Index ex Food & Energy (YoY) | 4.0% | 3.8% | 3.6% |
| Oct 15 | 12:30 | Producer Price Index (YoY) | 8.7% | 8.7% | 9.6% |
| Oct 15 | 12:30 | Producer Price Index (MoM) | -0.4% | -0.4% | -0.9% |
| Oct 15 | 12:30 | Producer Price Index ex Food & Energy (MoM) | 0.4% | 0.2% | 0.2% |
DATA SNAP: US PPI Down But Core Hits 17−Year High Annual Rate (Dow Jones)
Falling energy prices triggered a second−straight large drop in U.S. wholesale prices last month, a government report showed, though a surprising rise in core prices that exclude food and energy may stoke fears that past inflation gains have become entrenched in the economy.
[ Full Story ]- Read the PPI data at Labor Department
- U.S. SEPT PPI INTERMEDIATE GOODS −1.2 PCT, EXFOOD/ENERGY −0.3 PCT (Thomson Financial News)
- U.S. SEPT YEAR−OVER−YEAR PPI +8.7 PCT, CORE +4.0 PCT (Thomson Financial News)
- U.S. SEPT PPI CRUDE GOODS −7.9 PCT, EXFOOD/ENERGY −9.4 PCT (Thomson Financial News)
US economic indicators - Producer and consumer prices (Sep): decreasing again by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 15 | 14:00 | US | Business Inventories (Sep) | 0.3% | 0.4% | 1.1% |
| 16:21 | US | Fed's Bernanke Speech | ||||
| 18:00 | US | Fed's Beige Book | ||||
| 23:00 | NZ | Business NZ PMI (Sep) | 45.7 | |||
| Oct 16 | 01:30 | AU | RBA Foreign Exchange Transaction | 307M | ||
| 07:15 | CH | Adjusted Real Retail Sales (YoY) (Aug) | 2.3% | |||
| 09:00 | CH | ZEW Survey − Expectations (Oct) | -44.4 | |||