Friday, Oct 17, 15:56 GMT
ASIA-PACIFIC Trading Newsletter
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Check out the new CAG!
The currencies revolution arrives at FXstreet.com
New Currencies at a Glance with all the technical studies you need for your trading plan. Review the market info of the top 31 currency pairs including the hottest pairs of the past week: EUR/USD, GBP/USD, USD/JPY and EUR/CHF.
Moreover data such as live market quotes, forecast, analysts comments, breaking stories and Economic Calendar can be extremely efficient tools for your trading plan.
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Forex Blogs
FX Path: USD/CAD − On a Steep Uptrend by James Chen
Price on the accompanying USD/CAD 4−Hour chart, as shown, has lately been traveling up a very steep uptrend support line, and has additionally established several horizontal support/resistance lines in the process.
The Advisor Blog: Majors for today by Valeria Bednarik
FxBootcamp: Pre London Outlook October 17th 2008 by Wayne McDonell
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Oct 20, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Mon, Oct 20, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 20, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Oct 20, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Oct 20, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Mon, Oct 20, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Oct 20, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: U.S.
EUR/USD
Daily Technical Strategist − EURUSD: Race Back To The 1.3259 Level Continues To Dominate EUR's Price Action by FXTechstrategy
Race Back To The 1.3259 Level Continues To Dominate EUR's Price Action.– While the 1.3786 level, its Oct 14'08 high remains unbroken, risk for a retest of the pair's YTD low at 1.3259 and a possible break triggering the resumption of its medium term decline is likely.…
While the 1.3786 level, its Oct 14'08 high remains unbroken, risk for a retest of the pair's YTD low at 1.3259 and a possible break triggering the resumption of its medium term decline is likely. In such a case, its .618 Ret (0.8231−1.6038 rally, monthly chart) at 1.3058 will be targeted ahead of the 1.2980 level, its Jun'06 high and possibly lower towards its Jan'07 low at 1.2866.Momentum indicators though in oversold zones are bearish and pushing lower.
- From Mickey Mouse to the Federal Reserve by Jerry Furst, Director at Investors Education Network
- Forex Swing Trading, Low Risk / High Reward Trading In The Largest by Sam Seiden, Stocks, Futures, Forex and Options Trader Online Trading Academy
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Mid−Day Forex Technical Report − Markets Stay in Tight Range after Poor US Data by ActionForex.com
FX Thoughts for the Day − FX Thoughts for the Day by Kshitij Consultancy Service
Forex Technical Report − GBPUSD Follow Up by ForexHound.com
Weekly Outlook
Trading News Report − U. of Michigan Consumer Confidence Expected to Fall − Will It Drag on the Dollar? by FXCM
Analysts' Blogs
USD/CAD − On a Steep Uptrend by James Chen, Chief Technical Analyst at FX Solutions
Majors for today by Valeria Bednarik, analyst and foreign manager at MolFX − Management
Forex Signals
Trade Signals − Matsys D Trade Signals by Fxwintrades
Currency performance
Spot Forex Trades − 35pips EURNZD Mission Accomplished by ForexSurvivor
Currencies at a Glance
- EUR/USD
- Moves upwards with low volatility. Intra resistance is seen at 1.3538 while immediate support is seen at 1.3385.
10/17/2008 15:25 GMT - GBP/USD
- Moves sideways with moderate volatility. Immediate support is seen at 1.7222 while intra resistance is seen at 1.7383.
10/17/2008 15:29 GMT - USD/CHF
- Continues to move sideways with low volatility. Immediate support is seen at 1.1288 while intra resistance is seen at 1.1395
10/17/2008 15:37 GMT - USD/JPY
- Rises with moderate volatility after hitting support at 100.56. Intra resistance is seen at 101.84.
10/17/2008 15:42 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, Danske Bank A/S, FXstreet.com, GFT (Global Forex Trading)
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
US LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Oct 20 | 14:00 | Leading Indicators (MoM) | - | -0.5% |
Friday Notes - More weakness ahead for US economy by HVB Group
September data for seven of the ten components are out. Five show declines, some steep, such as stock prices and initial claims for unemployment compensation. Only consumer expectations (U of Michigan version) and the ISM vendor deliveries index showed improvement.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 17 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 57.5 | 67.0 | 70.3 |
Reuters/Univ Michigan Mid−Oct Sentiment 57.5; Sept 70.3 (Dow Jones)
Consumers' view on the economy deteriorated significantly as of the middle of October, with confidence posting its steepest monthly drop on record as consumers fret about the economy.
[ Full Story ]- Reuters/University of Michigan Surveys of Consumers homepage
- TABLE−Reuters/U Mich Oct. prelim. sentiment index 57.5 (Thomson Financial News)
- REUTERS/U MICH CONSUMER EXPECTATIONS PRELIM OCT 56.7 (CONSENSUS 63.0) (Thomson Financial News)
- U. OF MICH: CONSUMER SENTIMENT INDEX HAS BIGGEST MONTHLY DROP SINCE 1950S (Thomson Financial News)
Mid−Day Forex Technical Report − Markets Stay in Tight Range after Poor US Data by ActionForex.com
Trading News Report - U. of Michigan Consumer Confidence Expected to Fall − Will It Drag on the Dollar? by FXCM
US HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 17 | 12:30 | Building Permits (MoM) | 0.786M | 0.840M | 0.872M |
| Oct 17 | 12:30 | Housing Starts (YoY) | 0.817M | 0.878M | 0.895M |
DATA SNAP: US Sept Housing Starts Below Expectations (Dow Jones)
Home construction took its third tumble in a row during September, falling to the lowest level in 17 years, and a sign points to further decline in the fourth quarter. Housing starts decreased 6.3% to a seasonally adjusted 817,000 annual rate, after falling 8.1% in August to 872,000, the Commerce Department said Friday.
[ Full Story ]- Read the Housing data at Census Bureau
- US ECONOMIC INDICATORS: Housing Data, Latest 6 Months (Dow Jones)
- US Housing Starts/Building Permits−STATS−Historical (Dow Jones)
- US Housing Starts/Building −2− (Dow Jones)
US economic indicators - Housing starts and building permits fell much more markedly than expected in August, by 6.2% mom and 8.5% respectively by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 17 | 12:30 | US | Housing Starts (YoY) (Sep) | 0.817M | 0.878M | 0.895M |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Oct)  | 57.5 | 67.0 | 70.3 | |
| Oct 19 | 23:01 | UK | Rightmove House Price Index (MoM) (Oct) | -1% | ||
| 23:01 | UK | Rightmove House Price Index (YoY) (Oct) | -3.3% | |||
| Oct 20 | 00:30 | AU | Producer Price Index (QoQ) (1Q) | 1% | ||
| 00:30 | AU | Producer Price Index (YoY) (3Q) | 4.7% | |||
| 05:00 | JP | Coincident Index (Aug) | 103.5% | |||