Monday, Oct 20, 16:25 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.
DISCOVER THE NEW CAG
Forex Blogs
FX Path: GBP/JPY − Traversing a Triangle by James Chen
Much like other currently consolidating pairs, the GBP/JPY daily chart, as shown, has recently been forming a significant triangle pattern. Since the overall trend is decidedly down...
The Advisor Blog: Usd/Jpy for today by Valeria Bednarik
FX Market Readings: Rise & drop,what next? by Dr. S. Sivaraman
Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Oct 21, 08:00 GMT
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Tue, Oct 21, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 20, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Oct 21, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Oct 21, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Oct 21, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Tue, Oct 21, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
Current Session: U.S.
USD/CAD
Currency Majors Technical Analysis − USD CAD is in an uptrend supported by 4H exponential moving averages by Mataf.net
1,1865. USD CAD is in an uptrend supported by 4H 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. The price should find a support above 1,1760 (105 pips). The uptrend should continue to gather momentum.
We could take a long position at 1,1800. We will put the stop loss below 1,1730 (−70 pips). The targets are 1,1960 (+160 pips, risk/reward 1:2.3), 1,2000 (+200 pips, risk/reward 1:2.9) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative −> 4 Trend following): 3.
- 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:
FX Options trade alert − Last week there was very choppy action in the markets by Trading Central
FX Thoughts for the Day − FX Thoughts for the Day by Kshitij Consultancy Service
Currency Technical Report − Currency Technical Report by FXGreece
Weekly Outlook
Weekly Forex Market Commentary − The US economic calendar is very light this week by GFT (Global Forex Trading)
Weekly Review and Outlook − Markets Calmed Down but the Worst is Not Over Yet by ActionForex.com
Forex Signals
Trade Signals − Matsys D Trade Signals by Fxwintrades
Weekly Forex Signals − Trichet Urges Banks to Lend After Recovery Begins by Finotec Group Inc.
Currencies at a Glance
- EUR/USD
- Moves down with moderate volatility. Immediate support is seen at 1.3331.
10/20/2008 13:58 GMT - GBP/USD
- Shows a sharp fall. Immediate support is seen at 1.7216 while intra resistance is seen at 1.7511.
10/20/2008 14:03 GMT - USD/CHF
- Moves upwards with low volatility aiming for resistance at 1.1491. Support is seen at 1.1374
10/20/2008 14:05 GMT - USD/JPY
- Moves upwards with low volatility. Immediate support is seen at at 101.34, while intraday resistance is seen at 103.00.
10/20/2008 14:06 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
EMU CURRENT ACCOUNT N.S.A
| Date (GMT) | Event | Cons. | Previous | |
| Oct 23 | 08:00 | Current Account n.s.a | - | -1.1 |
| Oct 23 | 08:00 | Current Account s.a | -5.0B | -1.7 |
EMU economic indicators - The EMU current account will probably have deteriorated in August by BHF−Bank
The EMU current account will probably have deteriorated in August, like the corresponding German figure and the EMU trade balance.
[ Full Story ]Top Market Movers Review
US FED'S BERNANKE TESTIFIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 20 | 14:00 | Fed's Bernanke testifies | - | - | - |
Bernanke−Another US stimulus plan may be warranted (Thomson Financial News)
U.S. Federal Reserve Chairman Ben Bernanke told Congress on Monday that another wave of government spending may be needed as the economy limps through what could be an extended period of subpar growth.
[ Full Story ]- Read the Testimony of Chairman Bernanke at the Federal Reserve
- Bernanke: stimulus should be 'significant,' declines to provide number UPDATE (Thomson Financial News)
- UPDATE 2−Bernanke says 2nd U.S. stimulus plan may be needed (Thomson Financial News)
- Fed's Bernanke says congressional consideration of second stimulus 'appropriate' (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar Strengthens on Talk of Second Stimulus Package by ActionForex.com
US LEADING INDICATORS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 20 | 14:00 | Leading Indicators (MoM) | 0.3% | -0.2% | -0.5% |
US Conference Board: Sep Leading Index +0.3% (Dow Jones)
The composite index of leading indicators increased 0.3% in September, to 100.6, the first increase in five months, according to preliminary estimates by The Conference Board.
[ Full Story ]- Read the Leading Indicators data at The Conference Board
- US Conference Board's Leading Index picks up in September (FXstreet.com)
- US: Leading Indicators increase 0.3% in Sep (FXstreet.com)
Mid−Day Forex Technical Report − Dollar Strengthens on Talk of Second Stimulus Package by ActionForex.com
Friday Notes - More weakness ahead for US economy by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 20 | 14:00 | US | Fed's Bernanke testifies (Sep) | |||
| 14:00 | US | Leading Indicators (MoM) (Sep) | 0.3% | -0.2% | -0.5% | |
| 21:45 | NZ | Consumer Price Index (QoQ) (3Q) | 1.5% | 1.6% | ||
| 21:45 | NZ | Food Price Index (MoM) (Sep) | 2.7% | |||
| Oct 21 | 00:30 | AU | New Motor Vehicle Sales (MoM) (Sep) | -3.5% | ||
| 00:30 | AU | New Motor Vehicle Sales (YoY) (Sep) | -7.2% | |||
| 00:30 | AU | RBA Meeting's Minutes (Oct) | ||||