Monday, Aug 31, 16:12 GMT
ASIA-PACIFIC Trading Newsletter
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To Get Started
- Don't miss the Non-farm Payrolls Live Coverage Special 40th edition. With Wayne McDonell. Amazing prizes awaiting for you!
- WEBINAR VIDEOS: The second half of 2009 by Adam Rosen
- Forex Tools renewed! Check out the brand new features: Margin Calculator and Carry Trade Calculator
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Weblog: Technical points for U.S. session by Valeria Bednarik
Stocks are to the downside, favoring some dollar strength, yet market remains in a tight range, and too quiet. I have been in a live webinar, so take a look at the report following this link, to see majors technical points for today!
CEO'S Weblog: FXstreet.com Unique Visitors Grow 30% in July 2009 vs. same month last year by Francesc Riverola
FXBootcamp: Weekly Pivot Points by Curt Wehrley
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Live Sessions Schedule
Trading Around Your Day Job
Expert: Ryan O'Keefe
Start: Mon, Aug 31, 19:00 GMT
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Mon, Aug 31, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 31, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Aug 31, 19:00 GMT | Trading Around Your Day Job | Ryan O'Keefe | WBN |  |
| Mon, Aug 31, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Tue, Sep 1, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN | |
| Tue, Sep 1, 13:00 GMT | Trading the markets around the clock  | Adam Rosen | WBN | |
Current Session: U.S.
U.S. Update: Dollar down on commodities
FXstreet.com Independent Analyst − Early U.S., Chicago PMI, that measures U.S. business activity rose more than forecast in August, adding to signs that the economy may be entering a recovery, as readings above 50 signal growth. The business barometer increased to 50, the highest level since September, from 43.4 in July. Euro managed to overcome 1.4300 but failed to reach strong 1.4385 resistance zone.
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USD/CAD
Canadian Dollar retreats as commodity rally loses steam by TradeTheNews.com
CAD broke above the psychologically important 1.1000 handle, a level defended by the Aug 27 intraday pivot high and continued to rally toward 50−day SMA at 1.1120...
USD/JPY
General trend remains strongly bearish by FXstreet.com Independent Analyst Team
After bottoming at 92.50 support zone, pair recovered some ground yet general trend remains strongly bearish here. Hourly indicators have turned to the downside after reaching the 93.30 area
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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 1 | 06:00 | Retail Sales (MoM) | 0.7% | -1.3% |
| Sep 1 | 06:00 | Retail Sales (YoY) | -1.2% | -1.6% |
EMU economic indicators - German retail sales (July): stabilised at least by BHF−Bank
German retail sales could have stabilised at least in July, as retailers' business assessment rebounded and consumer confidence rose. The Italian business confidence will probably have continued improving in August.
[ Full Story ]Top Market Movers Review
Canada GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 31 | 12:30 | Gross Domestic Product Annualized (QoQ) | -3.4% | -3.0% | -6.1% |
| Aug 31 | 12:30 | Gross Domestic Product (MoM) | 0.1% | 0.2% | -0.5% |
Canadian GDP contracted 3.4% in 2Q; USD/CAD eases (FXstreet.com)
[ Full Story ]- Read the GDP data at Statistics Canada
- Canada 2Q GDP up 0.1% MoM, down 3.4% annualized (FXstreet.com)
- Forex: USD/CAD: Dollar appreciates further, approaching 1.1000 level (FXstreet.com)
Daily Currencies Report - Dollar Gains v. the Euro and Pound by UFX Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 31 | 00:00 | UK | Late Summer Holiday | |||
| 13:45 | US | Chicago Purchasing Managers' Index | 50.0 | 47.4 | 43.4 | |
| Sep 1 | 01:30 | AU | Building Permits (MoM) | 3.3% | 9.3% | |
| 01:30 | AU | Building Permits (YoY) | -9.1% | -14.3% | ||
| 04:30 | AU | RBA Interest Rate Decision | 3% | 3% | ||
| 05:45 | CH | Gross Domestic Product (YoY) | -3.0% | -2.4% | ||
| 05:45 | CH | Gross Domestic Product s.a. (QoQ) | -0.9% | -0.8% | ||
Educational Resources
Video Forex Trading Program: Day 21 − The Fundamentals − Market Correlations
4Xlounge.com's 30−day Trading Program is an EXCLUSIVE course made of 30 short movies. From technical indicators to strategies and risk management, through major economic data and trendlines, all the basics of Forex are covered. Watch today's lesson: Day 21 − The Fundamentals −Market Correlations