Monday, Aug 24, 16:26 GMT
ASIA-PACIFIC Trading Newsletter
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- WEBINAR VIDEOS: Why Volatility: Probability Matter Within Forex Trading by Mark Whistler
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Weblog: Starting the day by Valeria Bednarik
Hi everybody and welcome back! Monday again , and greenback is slightly higher across the board in early Europe, despite a general rise in global risk appetite that is boosting equities as well as the price of crude oil. Nikkei 225 also closed above the 10500 points level, winning 3.35%.
ForexHedge: U.S. May see 150-200 more banks failures ! by Ron Schelling
FX Market Readings: Subdued swings by Dr. S. Sivaraman
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Live Sessions Schedule
Trading Around Your Day Job
Expert: Ryan O'Keefe
Start: Mon, Aug 24, 19:00 GMT
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Mon, Aug 24, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 24, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Aug 24, 19:00 GMT | Trading Around Your Day Job | Ryan O'Keefe | WBN |  |
| Mon, Aug 24, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Tue, Aug 25, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Tue, Aug 25, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN | |
Current Session: U.S.
Dollar stronger despite rising stocks
FXstreet.com − Seems dollar is finding some support in this quiet consolidative Monday, as failure of Europeans to break higher and signs of stabilization in American economy continue heading for some dollar strength; still, market is not quite convinced and with no doubts, will take a good couple of better than expected data to favor that perspective. Related to GBP/USD, as we have been commenting since past week, several failure attempts to break above the 1.6600 level had increase the odds of a fall in Pound; since Asian opening, pair has been capped by a lower yet strong resistance level, 1.6520.
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USD/CAD
Downtrend should continue on 1,0650 support by Mataf.net
USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration.
AUD/USD
Australian Dollar consolidates in narrow range by TradeTheNews.com
The Australian Dollar remains firm after managing to find support above the 0.8200 figure, a level marked but multiple pivot highs....
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
Germany GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Cons. | Previous | |
| Aug 25 | 06:00 | Gross Domestic Product w.d.a (YoY) | -5.9% | -6.7% |
| Aug 25 | 06:00 | Gross Domestic Product s.a (QoQ) | 0.3% | -3.5% |
| Aug 25 | 06:00 | Gross Domestic Product n.s.a (YoY) | -7.1% | -6.4% |
EMU economic indicators - German GDP with components by BHF−Bank
German GDP in Q2 2009 is not expected to be revised significantly. The detailed breakdown of the components will show that private and government consumption, construction investment and net exports have contributed positively to overall GDP growth, since imports decreased more than exports.
[ Full Story ]Top Market Movers Review
Canada RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 24 | 12:30 | Retail Sales ex Autos (MoM) | 1.0% | 0.2% | 0.6% |
| Aug 24 | 12:30 | Retail Sales (MoM) | 1.0% | 0.0% | 1.1% |
Forex: USD/CAD: Dollar declined to 1.0745 on Canadian retail sales (FXstreet.com)
Canadian Dollar has jumped on better than expected retail sales, and the USD/CAD decline from 1.1125 high on August 17 has extended to 2−week low at 1.0745 moments after sales data was released.
[ Full Story ]- Read the Retail Sales data at Statistics Canada
- Canada Jun Retail Sales up 1% (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 24 | 00:00 | HU | MNB Interest Rate Decision | 8.0% | 8.5% | |
| 12:30 | CA | Retail Sales (MoM) (Jun) | 1.0% | 0.0% | 1.1% |
|
| Aug 25 | 03:00 | NZ | RBNZ Inflation Expectations q/q (3Q) | 2.2 | ||
| 06:00 | DE | Gross Domestic Product n.s.a (YoY) (2Q) | -7.1% | -6.4% | ||
| 06:00 | DE | Gross Domestic Product s.a (QoQ) (2Q) | 0.3% | -3.5% | ||
| 06:00 | DE | Gross Domestic Product w.d.a (YoY) (2Q) | -5.9% | -6.7% | ||
| n/a | UK | Nationwide Housing Prices n.s.a (YoY) (Aug) | -3.9% | -6.2% | ||