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ASIA-PACIFIC Trading Newsletter
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Forex Blogs
FX Path: Trading Divergences in Forex by James Chen
Price−oscillator divergences in the forex market are instances when there is a technical imbalance between the price movement on a currency pair and an oscillator's movement. Divergences should not be considered complete, self−contained trading strategies.
FX Market Readings: Volatile moves by Dr. S. Sivaraman
The Advisor Blog: Eur/Usd ready to break higher by Valeria Bednarik
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Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Aug 24, 05:00 GMT
Type of Session: Webinar
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Aug 24, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Aug 21, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| Mon, Aug 24, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Mon, Aug 24, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Aug 24, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Aug 24, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: U.S.
Hourly indicators also seem exhausted to the upside
FXstreet.com Independent Analyst Team − Just above 1.6550 support zone, hourly indicators also seem exhausted to the upside, and pointing for a short term downside correction before further rises could take place. 1.6600 level should be key as pair has attempted several times to overcome the 1.6600 level this week yet failed. Above 1.6585 today's high, next resistance lie at the mentioned 1.6600/10 zone; clear breaks above will confirm further rises for the rest of the day.
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GBP/USD
Euro and Pound retreat after post−existing home sales rallies by FXstreet.com
GBP/USD soared from 1.6555 pre−housing data, to levels at 1.6625 fresh intra−week high to decline afterwards to levels around 16540 at the time of writing.
USD/JPY
Forex: USD/JPY: Dollar bounces from 93.40 to 94.40 on housing data by FXstreet.com
The Dollar has rocketed 100 pips against the Yen better than expected housing figures and higher stock markets, as the pair rose from 3−weeks low at 93.40 to session high at 94.40.
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
EMU INDUSTRIAL NEW ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Aug 24 | 09:00 | Industrial New Orders (YoY) | - | -30.1% |
| Aug 24 | 09:00 | Industrial New Orders s.a. (MoM) | - | -0.2% |
Euroland: Expansion by Danske Bank A/S
The manufacturing new orders index increased from 50.4 to 53.4. At the same time inventories of finished goods declined slightly and are not far from the record low they hit in May. As a result the manufacturing new order−inventory balance has increased slightly to a new record high level, signalling that the strong increases in manufacturing PMI will continue in the coming months.
[ Full Story ]Top Market Movers Review
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 21 | 14:00 | Existing Home Sales (MoM) | 7.2% | 2.3% | 3.6% |
| Aug 21 | 14:00 | Existing Home Sales | 5.24M | 5.00M | 4.89M |
Top Fundamental Stories - Existing Home Sales Rise Unexpectedly as Improvement Prevails! by ecPulse.com
[ Full Story ]- Read the Existing Home Sales data at NAR
- Forex: USD/JPY: Dollar bounces from 93.40 to 94.40 on housing data (FXstreet.com)
- US Existing Home Sales−STATS (Dow Jones)
- Forex: EUR/USD: Euro soars to 1.4375 after housing data (FXstreet.com)
Top Fundamental Stories - Existing Home Sales Should Signal Recovery is Ongoing! by ecPulse.com
Forex Daily Analysis - Forex Trading − USD to Go Volatile on U.S. Homes Sales and Bernanke Speech by ForexYard
The Week Ahead - Housing Starts, PPI, LEI and Existing Home Sales by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 21 | 14:00 | US | Existing Home Sales (MoM) (Jul) | 7.2% | 2.3% | 3.6% |
| 14:00 | US | Fed's Bernanke Speech | ||||
| Aug 24 | 01:30 | AU | New Motor Vehicle Sales (MoM) (Jul) | 5.7% | ||
| 01:30 | AU | New Motor Vehicle Sales (YoY) (Jul) | -7.2% | |||
| 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Aug) | -6.2% | |||
| 06:00 | UK | Nationwide Housing Prices s.a (MoM) (Aug) | 1.3% | |||
| 09:00 | EMU | Industrial New Orders (YoY) (Jun) | -30.1% | |||
Educational Resources
Educator of the Month: Ashraf Laidi
Ashraf Laidi is an experienced analyst, Chief Strategist at CMC Markets, author of "Currency Trading & Intermarket Analysis" and founder of AshrafLaidi.com. He's a close contributor of FXstreet.com and will also be Key Speaker at FXstreet.com's International Traders Conference in Barcelona on October 14−16. Check his author's page to know more about him and his contents!
Highlighted resources
Currency Trading and Intermarket Analysis - Book
Weekly Fx Strategy - Report
International Traders Conference (ITC 09) Barcelona - Mr. Laidi will be Key Speaker at the event