Tuesday, Aug 25, 16:07 GMT
ASIA-PACIFIC Trading Newsletter
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To Get Started
- 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
FX Market Readings: Traders confidence by Dr. S. Sivaraman
Most of the days when US data is released the traders tend to get confused − whether to follow risk appetite move for a USD +ve data or USD gaining move and if the data is −ve to USD, whether to follow risk aversion or USD weakening move.
The advisor Blog: Watch commodity currencies by Valeria Bednarik
CEO's Blog: Finra gives Michigan investment firm the boot over foreign currency abuses by Francesc Riverola
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Live Sessions Schedule
Golden ratio and the square of 9: utilizing the synergy for zeroing on entries
Expert: Lea Peters
Start: Tue, Aug 25, 19:00 GMT
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Tue, Aug 25, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Aug 25, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN |  |
| Tue, Aug 25, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Tue, Aug 25, 19:00 GMT | Golden ratio and the square of 9: utilizing the synergy for zeroing on entries | Lea Peters | WBN | |
| Tue, Aug 25, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Wed, Aug 26, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
Current Session: U.S.
Hourly indicators point for further gains
FXstreet.com Independent Analyst Team − Pair regained the upside mounted on stronger stocks since early Europe, and is hovering around strong resistance zone. Hourly indicators point for further gains in the pair as also price breached above 20 SMA in the hourly. Bigger time frames support the view, thus clear break above previous week high around 1.4375 will confirm the bias.
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GBP/USD
Sterling continues to slide lower by TradeTheNews.com
The British Pound remained under pressure as pair quietly slid below the 50−day SMA and took aim at support around 1.6250, a level defended by the confluence of August monthly pivot low...
USD/CAD
USD CAD is in an downtrend directed by 1H exponential moving averages by Mataf.net
USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is low. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue on 1,0680 support (64 pips).
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 IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Aug 26 | 08:00 | IFO − Expectations | 92.0 | 90.4 |
| Aug 26 | 08:00 | IFO − Business Climate | 89.0 | 87.3 |
EMU economic indicators - German ifo business climate (August): up by BHF−Bank
The ifo business climate for Germany is likely to have continued improving in August, but probably not as much as in July. The German ZEW economic sentiment and the US ISM manufacturing index have both improved. German yield spreads have widened somewhat, because short−term rates have decreased while long−term interest rates have been fluctuating. The DAX has rallied temporarily too. However, the euro has appreciated and crude oil prices have gone up.
[ Full Story ]Top Market Movers Review
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 25 | 14:00 | Consumer Confidence | 54.1 | 48.0 | 47.4 |
Conference Bd: Aug US Consumer Confidence Index Up To 54.1 (Dow Jones)
With signs growing that the recession has ended, U.S. consumer confidence rebounded in August, especially regarding expectations for the economy six months from now, a report released Tuesday said.
[ Full Story ]- CURRENCIES: Dollar Down As Home Prices, Confidence Improves (Dow Jones)
- U.S. consumer confidence rises to 54.1 in Aug from 47.4 in Jul; Dollar rockets (FXstreet.com)
- US Consumer Confidence rises to 54.1 in Aug from 47.4 (FXstreet.com)
US economic indicators - Consumer confidence indicators (Aug): lack of optimism despite signs of stabilisation by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 25 | 14:00 | US | Housing Price Index (MoM) (Jun) | 0.5% | 0.4% | 0.6% |
| 14:00 | US | Richmond Fed Manufacturing Index (Aug) | 14 | 17 | 14 | |
| 21:00 | US | ABC/Washington Post Consumer Confidence (Aug 23) | -45 | -46 | ||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Jul) | ¥297.9B | ¥438.2B | ||
| 23:50 | JP | Corporate Service Price (YoY) (Jul) | -3.4% | -3.2% | ||
| 23:50 | JP | Merchandise Trade Balance Total (Jul) | ¥385.0B | ¥507.5B |
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| Aug 26 | 00:30 | AU | Construction Work Done (2Q) | -3.0% | -3.7% | |