Thursday, Aug 27, 16:08 GMT
ASIA-PACIFIC Trading Newsletter
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To Get Started
- WEBINAR VIDEOS: Trading the Harmonic patterns by Sunil Mangwani
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: Inducing traders to cut their long positions by Dr. S. Sivaraman
EURO and GBP made very little reaction to GDP data release and made their own way of contrarian moves − euro holding and gbp dippingm, and USD/YEN dipping after european session close rise.Players are inducing bearish feel in the market and buying at lower levels.
CEO'S Weblog: "Ethical" forex broker calls for currency levy - Reuters by Francesc Riverola
The Advisor Blog: U.S. stocks, struggling by Valeria Bednarik
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Aug 27, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Aug 27, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 27, 16:00 GMT | The End of the Dollar Asset Bubble | Joseph Trevisani | WBN |  |
| Thu, Aug 27, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Aug 27, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Fri, Aug 28, 09:00 GMT | Trading the Harmonic patterns  | Sunil Mangwani | WBN |  |
| Fri, Aug 28, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
Current Session: U.S.
Gbp remains weak and pushing lower, very close to yesterday's low at 1.6160
FXstreet.com Independent Analyst Team − Gbp remains weak and pushing lower, very close to yesterday's low at 1.6160. Technically the pair points for further losses with a probable target in the 1.5990 area, weekly 20 SMA. Hourly indicators support the bias, guided also by 20 SMA acting as dynamic resistance. Pair needs to confirm under 1.6160 to trigger downside momentum.
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EUR/USD
Dollar resumes its advance against majors by TradeTheNews.com
The euro continued to retreat from recent highs after the pair failed to reach 1.4400 figure and once again fell below the 20−day SMA. A further move to the downside will most likely see...
USD/CAD
Forex Trading Analysis for USD/CAD by Master the Markets
Yesterday's wide spread up bar on the usd to cad daily candle chart merely served to emphasise that the bullish engulfing candle of Tuesday was more than a simple short squeeze and...
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 CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Aug 28 | 09:00 | Consumer Confidence | -21 | -23 |
| Aug 28 | 09:00 | Economic Confidence | 78 | 76 |
| Aug 28 | 09:00 | Industrial Confidence | -28 | -30 |
EMU economic indicators - EMU industrial confidence and economic sentiment (August): up by BHF−Bank
The German GfK consumer confidence for September will probably have improved too, just like the Belgian business confidence, the Italian consumer confidence and the EMU economic sentiment and industrial confidence in August. Two opposing forces are affecting bank balance sheets at the moment. On the one hand, (short term) interest rates are very low. As there is little incentive for investors or depositors to tie up their money, funds are held as overnight deposits. On the other hand, the deleveraging process is continuing. To improve capital ratios, banks are trying to reduce their holdings of risky assets or, at least, trying to avoid giving additional loans.
[ Full Story ]Top Market Movers Review
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 27 | 12:30 | Gross Domestic Purchases Price Index | 0.5% | 0.7% | 0.7% |
| Aug 27 | 12:30 | Real Personal Consumption Expenditures (QoQ) | -1.0% | -1.2% | -1.2% |
| Aug 27 | 12:30 | Gross Domestic Product Annualized | -1.0% | -1.4% | -1.0% |
Top Fundamental Stories - The World's Largest Economy Contracts Less than Expected in the Second Quarter! by ecPulse.com
[ Full Story ]- Read the GDP data at Commerce Department
- Forex: USD/JPY breaks 93.75 after unchanged US 2Q GDP (FXstreet.com)
- Forex: EUR/USD: Euro reverses at 1.4280 and eases to 1.4250 post GDP (FXstreet.com)
- US GDP/Corporate Profits−STATS−Historical (Dow Jones)
Revised GDP Figures Point to a Stronger Third Quarter by Wells Fargo Investments, LLC
Top Fundamental Stories - The U.S. Economy Probably Contracted Wider than Previously Estimated During the Second Quarter! by ecPulse.com
US economic indicators - GDP growth rate could be revised to –1.5% in Q2 by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 27 | 12:30 | US | Continuing Jobless Claims (Aug 15) | 6133K | 6215K | 6252K |
| 12:30 | US | Gross Domestic Purchases Price Index (2Q)  | 0.5% | 0.7% | 0.7% | |
| 22:45 | NZ | Building Permits (MoM) (Jul) | -9.5% | |||
| 23:01 | UK | Gfk Consumer Confidence (Aug) | -24 | -25 | ||
| 23:15 | JP | Nomura/ JMMA Manufacturing Puchasing Manager Index (Aug) | 50.4 | |||
| 23:30 | JP | Jobless Rate (Jul) | 5.5% | 5.4% | ||
| 23:30 | JP | National Consumer Price Index (YoY) (Jul) | -2.2% | -1.8% | ||