Monday, Sep 07, 15:18 GMT
ASIA-PACIFIC Trading Newsletter
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International Traders Conference
LAST SEATS AVAILABLE!
Don't miss the third edition of FXstreet.com's International Traders Conference (ITC) on October 14-16, 2009 in Barcelona. Live Trading next to the experts.
This year's key speakers panel: Valeria Bednarik, Rob Booker, James Chen, Kim Cramer Larsson, Markus Heitkoetter, Ashraf Laidi and Andrei Pehar.
Limited to 60 seats! Register now!
To Get Started
- WEBINAR VIDEOS: Drilling down, Support and Resistance by Triffany Hammond
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Weblog: AUD and CAD leading the way by Valeria Bednarik
Monday holiday, majors remain in range while U.S. futures are strongly up, supporting dollar and yen falls. However, commodity currencies are leading the way, as the AUD/USD has reach a fresh yearly high at 0.8575 and continues tending higher despite over bought in smaller time frames, as gold quotes at $ 995.00/oz, close to the historical high of $ 1030.
CEO'S Weblog: m.fxstreet.com Mobile keeps breaking highs by Francesc Riverola
Tech Trading: GBP/JPY Bullish Signals by César B. Leiceaga
Sponsored by 
Live Sessions Schedule
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Mon, Sep 7, 22:30 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Tue, Sep 8, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Sep 7, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Sep 7, 19:00 GMT | Trading Around Your Day Job | Ryan O'Keefe | WBN |  |
| Mon, Sep 7, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Tue, Sep 8, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Tue, Sep 8, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN | |
Current Session: U.S.
Pair remains consolidating between 1.4280/1.4340
FXstreet.com Independent Analyst Team − Pair remains consolidating between 1.4280/1.4340 as posted on previous update, yet hourly charts have turned to the downside, and 4 hours have changed to flat, mostly to the lack of volume ahead of U.S. holiday. Pair rebounded in the 20 SMA still with a bullish slope, so that's the point to break to consider any downside movements for next hours.
GBP/USD
GbpUsd steady climb continue by ACM − Advanced Currency Markets
GbpUsd steady climb continues (despite Gbp weakness in the G10) however sterling momentum seems to be neutral as MACD is virtually flat at current level signaling a general lack of direction.
USD/CHF
The dollar versus the yen reached the neckline at 93.25 again by ecPulse.com
The dollar versus the yen reached the neckline at 93.25 again, reversing to the downside, where we think is an attempted to build a base on 92.60 support level.
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
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 10 | 11:00 | BoE Interest Rate Decision | 0.5% | 0.5% |
Friday Notes - UK, BoE: Repo rate on hold by UniCredit Group
The BoE should keep the repo rate unchanged this month, and introduce no changes to the outstanding APF. The August Inflation Report clearly indicated that market expectations (for a first rate hike in Q1 2010) were too aggressive, given that nominal demand remains very much subdued despite the ongoing QE program.
[ Full Story ]Top Market Movers Review
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 7 | 10:00 | Factory Orders n.s.a. (YoY) | -19.8% | - | -25.2% |
| Sep 7 | 10:00 | Factory Orders s.a. (MoM) | 3.5% | 2.0% | 3.8% |
DATA SNAP: German Industry Gets Strong Orders In July (Dow Jones)
German manufacturing orders rose strongly in July in yet another indication that the worst of the financial crisis appears to have passed, with private−sector confidence returning.
[ Full Story ]- Read the Factory Orders data at BMWi [text in German]
- German factory orders grow above expectations in July; Euro little moved (FXstreet.com)
- Germany Jul Factory Orders rise 3.5% MoM and fall 19.8% YoY (FXstreet.com)
Top Fundamental Stories - Germany Factory Orders Climb Higher than Expectations by ecPulse.com
Top Fundamental Stories - Europe Ahead: German Factory Orders are to Expand For the Fifth Month in July by ecPulse.com
Friday Notes - Germany, New orders: Demand recovers rapidly by UniCredit Group
EMU SENTIX INVESTOR CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 7 | 08:30 | Sentix Investor Confidence | -14.6 | -13.5 | -17.0 |
Sep Sentix Investor Confidence improves to −14.6 from −17 (FXstreet.com)
[ Full Story ]Australia ANZ JOB ADVERTISEMENTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 7 | 01:30 | ANZ Job Advertisements | 4.1% | - | -1.7% |
UPDATE: Australia Job Mkt Shows Signs Of Turning The Corner (Dow Jones)
[ Full Story ]- Read the Job data at ANZ
- ANZ Australia Total Job Ads Rise 4.1% In Aug Vs Jul (Dow Jones)
Top Fundamental Stories - Job advertisements in Australia increased in August by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 7 | 00:00 | US | Labor Day Holiday | |||
| 10:00 | DE | Factory Orders n.s.a. (YoY) (Jul) | -19.8% | -25.2% |
||
| 23:01 | UK | RICS House Price Balance (Aug) | -0.1% | -8.1% | ||
| 23:50 | JP | Adjusted Current Account (Jul) | ¥1410.0B | ¥1798.8B | ||
| 23:50 | JP | Money Supply M2+CD (YoY) (Aug) | 2.7% | 2.5% | ||
| 23:50 | JP | Trade Balance − BOP Basis (Jul) | ¥602.2B | |||
| Sep 8 | 01:30 | AU | National Australia Bank's Business Conditions (Aug) | 1 | ||
Educational Resources
Video Forex Trading Program: Day 25 − Trading Techniques − Best time to trade
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 25 − Trading Techniques − Best time to trade
Related Resources
Watch previous lessons of Forex 30-day Trading Program by 4Xlounge
Forex Jump-Start: Beginners Video Course by 4xLounge