Friday, Oct 24, 16:02 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
Forex Trading Today: What works for Me... may not work for You by Tim Salem (CVJ)
With the great comments and questions I have received during my first blog week, I thought today's "Principle" may be beneficial to many. Again, please keep your questions and comments coming! They will assist me in "steering" the blog to various topics and frames of reference.
The Advisor Blog: Gbp/Usd 1000 pips fall by Valeria Bednarik
FX Market Readings: European session move −distress long liquidation? by Dr. S. Sivaraman
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Oct 27, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Mon, Oct 27, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 27, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Oct 27, 12:00 GMT | Bollinger Bands and RSI  | Valeria Bednarik | WBN |  |
| Mon, Oct 27, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Mon, Oct 27, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Oct 27, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: U.S.
GBP/USD
FX Thoughts for the Day − Cable to test 1.5265 on the downside by Kshitij Consultancy Service
UK GDP released at −0.5% against an expectation of –0.2%, first contraction in the UK since 1992. This has resulted in a crash in the pair that has brought Cable to test 1.5265 on the downside. A subsequent bounce resulted in the pair rising back above 1.56. These levels were last seen during September−2002.
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
Massive Drops - Extreme Yen and Dollar Moves by James Chen, Chief Technical Analyst at FX Solutions.
Currencies at a Glance
- EUR/USD
- Continues to moves downward with low volatility. Support is seen at 1.2719 while resistance is seen at 1.2946.
10/24/2008 13:17 GMT - GBP/USD
- Slides gradually with moderate volatility. Immediate support is seen at 1.5734. MAs are declining gradually.
10/24/2008 13:18 GMT - USD/CHF
- Moves upward with low volatility. Support is seen at 1.1582 while resistance is at 1.1738.
10/24/2008 13:19 GMT - USD/JPY
- Continues to move downward with low volatility Support is seen at 94.00. Intraday resistance is seen at 96.86.
10/24/2008 13:29 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 IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 27 | 09:00 | IFO − Business Climate | - | 92.9 |
| Oct 27 | 08:00 | IFO − Expectations | - | 86.5 |
Friday Notes - Strong deterioration in business sentiment by HVB Group
The ongoing deterioration in the outlook for growth of its most important trade partners still argues against stabilization in business expectations. Moreover, the strong downward trend in the situation component should have continued because of the very weak development of orders since as far back as the end of last year.
[ Full Story ]Top Market Movers Review
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 24 | 14:00 | Existing Home Sales | 5.18M | 497.00M | 4.91M |
| Oct 24 | 14:00 | Existing Home Sales (MoM) | 5.5% | 1.2% | -2.2% |
US economic indicators - Existing home sales (Sep): stabilization on a very low level by BHF−Bank
Thus the index reached its highest level since June 2007, which indicates that home sales could soon be bottoming out, and existing home sales could have risen to 5.05m in September. However, partly due to the large amount of foreclosures, the stock of existing homes for sale remains elevated. We therefore expect median home prices to continue their downward trend.
[ Full Story ]- Table Of Data On Existing US Home Sales (Dow Jones)
- September existing home sales up 5.5% to 5.18 mln units, biggest gain in 5 years (Thomson Financial News)
- US SEPT HOME SALES RISE LARGEST SINCE JULY 2003 (+5.6 PCT) (Thomson Financial News)
Canada CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 24 | 11:00 | Bank of Canada Consumer Price Index Core (YoY) | 1.7% | 1.7% | 1.7% |
| Oct 24 | 11:00 | Bank of Canada Consumer Price Index Core (MoM) | 0.4% | 0.3% | 0.3% |
| Oct 24 | 11:00 | Consumer Price Index (YoY) | 3.4% | 3.3% | 3.5% |
| Oct 24 | 11:00 | Consumer Price Index (MoM) | 0.1% | -0.2% | -0.2% |
Canada CPI continued growing at a fast pace in September (FXstreet.com)
Consumer prices have continued growing at a strong pace on high energy and food prices, according to figures released by Statistics Canada.
[ Full Story ]- UPDATE 1−Canada inflation begins to ease in September (Thomson Financial News)
- Canada Sept inflation drops to 3.4 percent (Thomson Financial News)
- Canada Consumer Price Index rise 3.4% year on year in Sep; core CPI 1.7% up (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 24 | 14:00 | US | Existing Home Sales (Sep) | 5.18M | 497.00M | 4.91M |
| 14:00 | US | Existing Home Sales (MoM) (Sep) | 5.5% | 1.2% | -2.2% | |
| Oct 26 | 23:50 | JP | Corporate Service Price (YoY) (Sep) | 1.4% | ||
| Oct 27 | 06:00 | DE | Consumer Price Index (MoM) (Oct)  | -0.1% | ||
| 06:00 | DE | Consumer Price Index (YoY) (Oct) | 2.9% | |||
| 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Sep) | -12.4% | |||
| 06:00 | UK | Nationwide Housing Prices s.a (MoM) (Sep) | -1.7% | |||