Friday, Aug 28, 15:35 GMT
ASIA-PACIFIC Trading Newsletter
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To Get Started
- WEBINAR VIDEOS: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: Forex Trend Determination − Correct Order of Moving Averages by James Chen
I often get asked about different ways one may determine trending conditions, or lack thereof, in the forex market. There are many ways to do it, including trendlines, trend channels, linear regression, slopes of moving averages, the Average Directional Index indicator, simple visual estimation, and more.
The advisor Blog: Stocks in year highs by Valeria Bednarik
CEO's Blog: Go “Back To School” With The Kids This Year And Learn How To Avoid Falling For This Year’s Top 10 Investor Traps by Francesc Riverola
Sponsored by 
Live Sessions Schedule
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Aug 31, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Aug 31, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 31, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Aug 31, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Aug 31, 12:00 GMT | Technical Analysis MACD and MACD Aspray | Valeria Bednarik | WBN |  |
| Mon, Aug 31, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Aug 31, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: U.S.
U.S. Update: Dollar testing year lows
FXstreet.com Independent Analyst − With summer about to end, would be interesting to see what will happen when liquidity returns to market; would market players take profits from this year lows, or will dollar bearish trend finally set to stay? After three months of more or less narrow ranges, will majors finally break or will they remain struggling to find a direction? Hopefully, the answers will be here in a couple of weeks.
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EUR/USD
Pair continues consolidating close to yesterday's highs, supported by 1.4340 by FXstreet.com Independent Analyst Team
Pair continues consolidating close to yesterday's highs, supported by 1.4340 strong zone now turned into key support. 20 SMA has been capping the downside so far, guiding the upside movement with a strong bullish slope
GBP/USD
Looking weak as it broke below 1.6270 yesterday by Avantage Financial GMBH
Looking weak as it broke below 1.6270 yesterday, however it closed well of the lows, so somebody bought into that weakness. Resistance at 1.6593 and 1.67 today. Technically still long term bullish potential above 1.60
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 PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 31 | 09:00 | Consumer Price Index (YoY) | -0.4% | -0.7% |
Euro Thoughts - Inflation fears are a widespread feeling in markets these days by UniCredit Group
Inflation fears are a widespread feeling in markets these days. The recent stream of positive (or less negative) economic data from US, China and Emerging Markets (EM) in general and, to a lesser extent, the euro area has reinforced this feeling. As a consequence, medium−term breakevens have risen sizeably and in meeting with clients and investors you get the clear impression that the market is pondering the idea that sooner rather than later major central banks – ECB included – will find themselves behind the curve, rushing to implement their exit strategies.
[ Full Story ]Top Market Movers Review
US PERSONAL INCOME
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 28 | 12:30 | Personal Income (MoM) | 0.0% | 0.2% | -1.1% |
| Aug 28 | 12:30 | Personal Consumption Expenditures | 0.2 | 0.2 | 0.6 |
Top Fundamental Stories - Personal Income and Spending in the United States Signal, the Economy is Still Weak! by ecPulse.com
[ Full Story ]- Read the Income and Spending data at Commerce Department
- U.S. Personal spending increased for third consecutive month in July; Dollar slightly higher (FXstreet.com)
- DATA SNAP: US Spending Up Third Straight Month In July (Dow Jones)
- US Jul Personal Income flat, spending +0.2% (FXstreet.com)
Personal Income & Spending by Wells Fargo Investments, LLC
Top Fundamental Stories - Personal Income and Spending Probably Remained Weak in the United States! by ecPulse.com
US economic indicators - PCE core deflator (Jul): approaching the lower end of the Fed's comfort zone by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 28 | 12:30 | CA | Industrial Product Price (MoM) (Jul) | -0.5% | -0.5% | -1.1% |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Aug) | 65.7 | 64.5 | 66.0 | |
| Aug 31 | 00:00 | UK | Late Summer Holiday | |||
| 01:30 | AU | Company Gross Operating Profits (QoQ) | -4.4% | |||
| 01:30 | JP | Labor Cash Earnings (YoY) | -6.3% | -7.0% |
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| 03:00 | NZ | Business Confidence | 18.7 | |||
| n/a | AU | HIA New Home Sales (MoM) (Jul) | 0.5% | |||
Educational Resources
Why the Astute Market Speculator Loves Social Media
Going to Social Media for trading education is most often a path filled with traps that really speed up the account transfer from those who don't know what they are doing, into the accounts of those who do. Read whole Sam Seiden's article!
Other articles of this week's Lessons from the Pros
What to Do If a Breakout Fails - Article by Steve Misic
The Statistical Recovery, Part Three - Article by John Mauldin
A Married Put - Article by Online Trading Academy Team
Common Market Misconceptions Explained and Clarified - Article by Gabe Velázquez