Wednesday, Sep 02, 16:10 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 End of the Dollar Asset Bubble by Joseph Trevisani
- Forex Trading Workshop - London – 20th & 21st September 2009, conducted by Fibonacci expert Sunil Mangwani
- All the events of the day in our Economic Calendar
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Forex Blogs
Chartology: GBP/USD 15 minute Trend Follow by Raghee Horner
…if you read my prior post about the cable, you'll remember I mentioned some short term, intraday swings on time frames like the 15, 30, and 60 minute charts. Here's one of the set ups I'm talking about on the 15: A Continuation Rising Wedge…
FX Path: 2009 International Traders Conference in Barcelona by James Chen
The Advisor Blog: Gbp/Usd in the hourly by Valeria Bednarik
Sponsored by 
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Sep 2, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Wed, Sep 2, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Sep 2, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
| Wed, Sep 2, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Wed, Sep 2, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Thu, Sep 3, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Thu, Sep 3, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
TradeTheNews.com − Euro longs once again tested the bids around the 1.4200 figure, a level marked by the multiple intraday pivot lows set during the consolidation that took place during the second half of August. A further move to the downside would most likely see the pair test support at 1.4159, a level defended by the 50−day SMA with sustained downside momentum seeing dollar bulls challenging bids around 1.4046, a confluence of the August monthly pivot low and upward sloping trendline that dominated the price action since March.
Dollar
U.S. Update: No way out? by Valeria Bednarik
Since Wall Street opening, currencies are just following stocks moving accordingly to DJIA and S&P in the short term. S&P remains under 1000, yet struggling to regain the level...
GBP/USD
Hourly indicators suggest pair has found a top around 1.6250 resistance level by FXstreet.com
Pound has recovered some upside momentum during European session, but hourly indicators suggest pair has...
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 ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 3 | 11:45 | ECB Interest Rate Decision | 1% | 1% |
ECB preview: The end of too downbeat projections by Danske Bank A/S
The ECB is set to keep the interest rate on hold and has not announced new nonstandard measures, nor will it begin to outline an exit strategy. The most interesting release is likely to be the ECB staff macroeconomic projections. It ought to revise its downbeat growth projection significantly upward immediately, but it will probably choose to do so in smaller steps.
[ Full Story ]Research Euroland - Arguments for ECB to hike in 2010 by Danske Bank A/S
Top Market Movers Review
US NONFARM PRODUCTIVITY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 2 | 12:30 | Unit Labor Costs | -5.9% | -5.3% | -2.7% |
| Sep 2 | 12:30 | Nonfarm Productivity | 6.6% | 6.1% | 0.3% |
DATA SNAP: US 2Q Productivity Posts Biggest Gain Since 2003 (Dow Jones)
[ Full Story ]- 2nd UPDATE: US 2Q Productivity Has Biggest Gain Since '03 (Dow Jones)
- UPDATE: US 2Q Productivity Posts Biggest Gain Since 2003 (Dow Jones)
- U.S. Q2 non−farm productivity posts the largest increase since 2003; Euro and Pound, up (FXstreet.com)
US economic indicators - Non−farm productivity is likely to have risen by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 2 | 14:30 | US | EIA Crude Oil Stocks change | -0.4M | -0.8M | 0.2M |
| 15:30 | US | Fed's Lockhart speech | ||||
| 18:00 | US | FOMC Minutes | ||||
| Sep 3 | 01:30 | AU | Trade Balance | -840M | -441M | |
| 03:00 | NZ | ANZ Commodity Price | 1% | |||
| n/a | UK | Halifax House Prices (MoM) | 0.5% | 1.1% | ||
| n/a | UK | Halifax House Prices (YoY) | -10.1% | -12.1% | ||
Educational Resources
Most traders don't really know where to begin their educational journey. Todd Krueger explores volume analysis techniques: supercharge your chart−reading skills by combining Wyckoff Volume Analysis with candlestick patterns.
Read the whole article of our new Education Contributor YourForexEdge Magazine!