Monday, Aug 17, 16:41 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
FX Market Readings: inducing fear for distress trades by Dr. S. Sivaraman
When GBP made the drop of 250 pips net change and euro almost 150 pips negative net change the fear is created among traders who have bought recently.
ForexHedge: The Billion Dollar Gram by Ron Schelling
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Live Sessions Schedule
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Mon, Aug 17, 22:30 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Tue, Aug 18, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 17, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Aug 17, 19:00 GMT | Trading Around Your Day Job  | Ryan O'Keefe | WBN |  |
| Mon, Aug 17, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Tue, Aug 18, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Tue, Aug 18, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN | |
Current Session: U.S.
USD sharply higher supported by global recovery doubt
Easy Forex − USD traded sharply higher to start the week supported by fresh safe haven demand as global equity markets tumble on concern about the outlook for the global recovery. Late Friday, US regulators closed five US lenders. This brings the total of US bank failures to 77 for the year. The latest news of US bank closings generated concern about the outlook for financial markets. Asian equity markets traded sharply lower with the Shanghai index closing over 5% down.
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GBP/USD
Pair breached under the long term ascendant trend line and accelerated the fall by Valeria Bednarik
Daily charts remain bearish at this point with an immediate support at 1.6250 ahead of 1.6200; still inside long term range from early June, if 1.6200 finally gives up.
USD/CHF
USD CHF is in a consolidation after the last bullish movement by Mataf.net
USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
US NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 17 | 17:00 | NAHB Housing Market Index | 18 | 17 |
US economic indicators - Housing market data (Jul): Continuing to stabilise by BHF−Bank
From a low of 8 in January, the NAHB index of homebuilders' sentiment had more than doubled by July, and we expect it to have gone up again slightly in August, from 17 to 18 – a level last seen in June 2008.
[ Full Story ]US: Housing Chartbook August 2009 by Wells Fargo Investments, LLC
Top Market Movers Review
US NY EMPIRE STATE MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 17 | 12:30 | NY Empire State Manufacturing Index | 12.1 | 2.2 | -0.6 |
NY Fed's August Manufacturing Index 12.08 Vs −0.55 In July (Dow Jones)
Conditions for New York manufacturers improved for the first time in more than a year in August, bolstering hopes the economy is emerging from the recession, according to the Federal Reserve Bank of New York's Empire State Manufacturing Survey released Monday.
[ Full Story ]- June Net Foreign Purchases Of Long−Term US Securities $71.3 Billion (Dow Jones)
- Euro and Pound bounce from multi−week lows on NY manufacturing Index (FXstreet.com)
- US Aug NY Empire State Manufacturing Index bounces to 12.1 vs −0.6 (FXstreet.com)
Top Fundamental Stories - Manufacturing Activity Rise More than Expected in the New York Area! by ecPulse.com
Top Fundamental Stories - The Manufacturing Sector Probably Started to Recover in the United States! by ecPulse.com
US economic indicators - New York Empire and Philly Fed (Aug): improving conditions by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 17 | 13:00 | US | Net Long−term TIC Flows (Jun) | $90.7B | $17.5B | -$19.4B |
| 13:00 | US | Total Net TIC Flows (Jun) | $-31.2B | -$65.7B |
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| 17:00 | US | NAHB Housing Market Index (Aug) | 18 | 17 | ||
| Aug 18 | 01:30 | AU | RBA Meeting's Minutes | |||
| 05:00 | JP | Leading Economic Index (Jun) | 76.9 | |||
| 08:30 | UK | Consumer Price Index (MoM) (Jul) | -0.3% | 0.3% | ||
| 08:30 | UK | Consumer Price Index (YoY) (Jul) | 1.6% | 1.8% | ||
Educational Resources
Video Forex Trading Program − Day 11
4Xlounge.com's 30−day Trading Program is an EXCLUSIVE course made of 30 short movies. From technical indicators to strategies and risk management, through major economic data and trendlines, all the basics of Forex are covered. Watch today's lesson: Day 11 The Fundamentals CPI and PPI
Related Resources
Watch previous lessons of Forex 30-day Trading Program by 4Xlounge
Forex Jump-Start: Beginners Video Course by 4xLounge