Tuesday, Oct 21, 16:12 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
The Advisor Blog: Usd/Jpy in the short term by Valeria Bednarik
The upside of the pair seems quite limited at this time, with the zone around 101.10a strong short term resistance. The pair has also a short term descendant line trend, yet indicators seems to be exhausted to the downside in this short term charts. I will wait for next 15 or 30 minutes candle opening, and try to sell the pair, targeting the zone around 100.85.
Trade Setups: New blogger in town... by Phil Newton
FX Market Readings: Mid European session moves by Dr. S. Sivaraman
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Oct 22, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Oct 22, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 21, 16:00 GMT | Facts, Fiction and Truth About Day Trading | Markus Heitkoetter | WBN |  |
| Tue, Oct 21, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Oct 22, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Oct 22, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Oct 22, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
Current Session: U.S.
USD/CAD
Currency Majors Technical Analysis − USD CAD is in an uptrend supported by 1H exponential moving averages by Mataf.net
1,2061. USD CAD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are deviated. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue to gather momentum.
=> We could take a long position at 1,2050. We will put the stop loss below 1,1950 (−100 pips). The targets are 1,2150 (+100 pips, risk/reward 1:1), 1,2200 (+150 pips, risk/reward 1:1.5) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative −> 4 Trend following): 4.
From Mickey Mouse to the Federal Reserve by Jerry Furst, Director at Investors Education Network
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 − Dollar and Yen Rallies Continue, BoC Cut 25bps Only by ActionForex.com
FX Thoughts for the Day − FX Thoughts for the Day by Kshitij Consultancy Service
Daily Trading Forecast − Another Upleg for the Greenback by Swiss e Trade AG
Daily Technical Strategist − EURUSD: Likely Loss Of The 1.3259 Level Seen, Medium Term Decline Towards the 1.3058 Level Envisaged by FXTechstrategy
Weekly Outlook
Weekly Technical Commentary by Mizuho Corporate Bank
Weekly Update − The peso began last week at a three−week low of 12.25 vs. USD by Union Bank of California
Forex Signals
Daily Scalping Tip − Daily Scalping Tip by PipsandTips.com
Currencies at a Glance
- EUR/USD
- Bounces back at 1.3152. MAs are still declining. Resistance is seen at 1.3360.
10/21/2008 15:16 GMT - GBP/USD
- Moves sideways with low volatility. Immediate support is seen at 1.6957, while intra resistance is seen at 1.7140.
10/21/2008 14:45 GMT - USD/CHF
- Moves sideways with low volatility. Support is seen at 1.1483 while resistance is at 1.1564.
10/21/2008 14:47 GMT - USD/JPY
- Rises gradually with low volatility. Support is seen at 100.69 while intraday resistance is seen at 102.42.
10/21/2008 14:50 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 s.a | -5.0B | -1.7 |
| Oct 23 | 08:00 | Current Account n.s.a | - | -1.1 |
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
Canada BOC INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 21 | 13:00 | BoC Interest Rate Decision | 2.25% | 2.00% | 2.50% |
Will the Fed Follow in Canada's Footsteps? by GFT (Global Forex Trading)
The Bank of Canada cut interest rates by 25bp to 2.25%. This move was smaller than the market expected but still represents 75bp of easing since the beginning of the month.
[ Full Story ]- Read the Official Statement at BOC
- FXNEWS−Loonie drops to lowest since Aug 2005 (Thomson Financial News)
- FXNEWS−BoC 25 bps rate cut comes as mild surprise−RBS (Thomson Financial News)
- UPDATE 2−Bank of Canada cuts rates less than expected (Thomson Financial News)
Mid−Day Forex Technical Report − BoC Cut 25bps Only by ActionForex.com
Growth cycle hurts Canadian dollar by Investica Ltd
Trading News Report - Canadian Dollar: BoC Expected to Cut 50bp − Can the Loonie Hold Its Ground? by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 21 | 10:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Oct) | -39 | -30 | -26 |
| 13:00 | CA | BoC Interest Rate Decision | 2.25% | 2.00% | 2.50% | |
| 19:10 | UK | BoE's Governor King Speech | ||||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Oct 19) | -43 | |||
| 21:45 | NZ | Visitor Arrivals (Sep) | -0.5% | |||
| 23:30 | US | Treasury Secretary Paulson speaks | ||||
| 23:50 | JP | All Industry Activity Index (MoM) (Aug) | -1.7% | 0.8% | ||