Thursday, Oct 23, 16:04 GMT
ASIA-PACIFIC Trading Newsletter
IMPORTANT NOTICE
From now on registration will be required to receive Newsletters
If you want to keep receiving our newsletters (European Trading Newsletter, US Trading Newsletter, Asia−Pacific Trading Newsletter y Forex Informer) you have to be registered as an FXstreet.com user.
To be a user and receive our newsletters you have to create an FXstreet.com account. Once registered you can select the newsletters you want to receive from your account settings.
Sorry for the inconvenience. We hope you are enjoying our services.
To Get Started
- A Great Play on the Silver Market by The Trader's Journal Collaborators
- FXstreet.com International Traders Conference 2008 Final Countdown: 6 days left before the event starts!
- Webinar Videos: Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
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: AUD/USD − Emerging from Consolidation by James Chen
As of early Thursday morning in New York, price action on the AUD/USD daily chart, as shown, has just tentatively poked its head below the bottom border of a key inverted pennant/triangle pattern.
The Advisor Blog: Where is Gbp/Usd heading by Valeria Bednarik
FxBootcamp: FOREX Training Video | London Session October 23, 2008 by Wayne McDonell
Live Sessions Schedule
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Oct 24, 15:00 GMT
Type of Session: Webinar
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Oct 27, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 23, 15:45 GMT | MONTHLY WEBINAR − Part 2: Applying filters to determine the best trade strategies and setups  | Chris Capre | WBN |  |
| Fri, Oct 24, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN | |
| Fri, Oct 24, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Fri, Oct 24, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Oct 24, 14:00 GMT | Banging around the Bands | Chris Capre | WBN | |
Current Session: U.S.
USD/JPY
Currency Majors Technical Analysis − USD JPY is in an downtrend directed by 1H exponential moving averages by Mataf.net
97,22. USD JPY is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 98,00 (78 pips). The downtrend should continue to gather momentum.
=> We could take a short position at 97,20. We will put the stop loss above 98,10 (−90 pips). The targets are 96,00 (+120 pips, risk/reward 1:1.3), 95,25 (+195 pips, risk/reward 1:2.2) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative −> 4 Trend following): 3.
Dow Theory principles by Valeria Bednarik, analyst and foreign manager at MolFX - Management
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 Take a Breathe after Strong Rally
Weekly Outlook
Weekly Forex Focus by Trading Central
FXA Column - $ index, upside pattern still not "complete"... by FXA
Currencies at a Glance
- EUR/USD
- Continues to moves sideways with low volatility. Support is seen at 1.2724 while resistance is seen at 1.2946.
10/23/2008 14:51 GMT - GBP/USD
- Slides gradually with low volatility. Immediate support is seen at 1.6036. MAs are declining gradually.
10/23/2008 14:57 GMT - USD/CHF
- Moves upward with low volatility. Support is seen at 1.1582 while resistance is at 1.1715.
10/23/2008 14:53 GMT - USD/JPY
- Continues to move sideways in a narrow range. Support is seen at 96.82. Intraday resistance is seen at 98.30.
10/23/2008 14:56 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
Germany PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 24 | 07:30 | Purchasing Manager Index Manufacturing | 46.0 | 47.4 |
| Oct 24 | 07:30 | Purchasing Manager Index Services | 48.8 | 50.2 |
EMU economic indicators - RBS PMI manufacturing indices Germany and EMU (October): down by BHF−Bank
Due to the financial turmoil and fears of a substantial economic slowdown, the October sentiment indicators published this week will probably have deteriorated: this applies to the RBS purchasing managers' index for the German and EMU manufacturing sector, Belgian business confidence, French business confidence and Italian business and consumer confidence.
[ Full Story ]Top Market Movers Review
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 23 | 12:30 | Continuing Jobless Claims | 3720K | - | 3711K |
| Oct 23 | 12:30 | Initial Jobless Claims | 478K | 470K | 463K |
US weekly jobless claims rise 15,000 to 478,000; cont. claims down 6,000 (Thomson Financial News)
The number of individuals filing new claims for unemployment insurance rose in the latest week, while the number of individuals continuing to receive unemployment claims fell slightly after four consecutive weekly gains, the Labor Department reported today.
[ Full Story ]- Read the Jobless Claims data at Department of Labor
- FXNEWS−Claims data consistent with ongoing bloodletting−RBC (Thomson Financial News)
- UPDATE 1−US jobless claims advance more than forecast (Thomson Financial News)
- FINEWS−US jobless claims increase more than forecast (Thomson Financial News)
US economic indicators - Initial jobless claims fell slightly more than expected by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 23 | 14:00 | US | Housing Price Index (MoM) (Aug) | -0.6 | -0.5 | -0.8 |
| 14:30 | CA | Bank of Canada Monetary Policy Report | ||||
| Oct 24 | 06:00 | DE | Import Price Index (MoM) (Sep) | -0.8% | -0.8% | |
| 06:00 | DE | Import Price Index (YoY) | 7.8% | 9.3% | ||
| 07:30 | DE | Purchasing Manager Index Manufacturing (Oct)  | 46.0 | 47.4 | ||
| 07:30 | DE | Purchasing Manager Index Services (Oct) | 48.8 | 50.2 | ||
| 08:00 | EMU | Purchasing Manager Index Manufacturing (Oct) | 44 | 45 | ||