Tuesday, Sep 08, 16:03 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: Usd/Chf tested the base of the channel by Valeria Bednarik
Pair finally break under the key 1.0550 level and accelerate to the downside. Testing the base of the daily descendant channel, pair rebounded strongly from that level, yet remains extremely oversold both in 1 and 4 hours charts.
Trading for a Living: EUR: pushing higher by David Aranzabal
CEO's Blog: The girl who silenced the world for 5 minutes by Francesc Riverola
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Live Sessions Schedule
Combining the Gann Fan and Fibonacchi retracements/expansions − Part 2
Expert: Lea Peters
Start: Tue, Sep 8, 19:00 GMT
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Tue, Sep 8, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Sep 8, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Tue, Sep 8, 19:00 GMT | Combining the Gann Fan and Fibonacchi retracements/expansions − Part 2 | Lea Peters | WBN |  |
| Tue, Sep 8, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Wed, Sep 9, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Wed, Sep 9, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
Corrective movements should hold above 1.4445
FXstreet.com Independent Analyst Team − Strong upside momentum in the pair, triggered by gold prices that reached $ 1007/oz, is keeping euro well bid despite currency seems extremely overbought against greenback. Hourly charts indicators seem a bit exhausted, yet no signs of corrections or reversals yet. Corrective movements should hold above 1.4445, previous yearly high, to keep bullish bias intact. Bigger time frames support further rises, despite also overbought.
Commodities
Gold breaks above 1000 mark, all time high eyed by TradeTheNews.com
Gold broke above of the psychologically critical 1000.00 handle, a level not seen since February and managed to set fresh 2009 high after briefly poking above 1006.25, a February monthly pivot high.
AUD/USD
AUD/USD (0.8632) is and has reached its highest level since Aug '08 by The Overnight Express
Smashing above 0.85. AUD/USD (0.8632) is and has reached its highest level since Aug '08. Resistance exists at 0.8943 (76.4% Fibonacci rebound of Jul−Oct '08 decline).
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 ]US TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Sep 10 | 12:30 | Trade Balance | - | -$27.01B |
Canada BOC INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 10 | 13:00 | BoC Interest Rate Decision | - | 0.25% |
Daily U.S. Forex Summary - Bank of Canada is expected to keep rates on hold by Union Bank of California
[ Full Story ]Top Market Movers Review
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 8 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | -17.0% | -15.8% | -17.6% |
| Sep 8 | 10:00 | Industrial Production s.a. (MoM) | -0.9% | 1.6% | 0.8% |
DATA SNAP: German Indus Output Eases Unexpectedly In July (Dow Jones)
[ Full Story ]- Read the Industrial Production data at BMWi [text in German]
- UPDATE: German Industrial Output Eases Unexpectedly In July (Dow Jones)
- Germany Jul Industrial Production falls 0.9% MoM and 17% YoY (FXstreet.com)
EMU economic indicators - Output in the German producing sector (July): rebound by BHF−Bank
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 8 | 08:30 | Industrial Production (MoM) | 0.4% | 0.3% | 0.6% |
UPDATE: UK Jul Mfg Strongest Rise For 3 Yrs, Autos Surge (Dow Jones)
Rising auto production boosted U.K. manufacturing output to its strongest level of growth in over three years in July, with mo
[ Full Story ]- UK Statistics homepage
- DATA SNAP: UK Jul Mfg Strongest Rise For 3 Yrs, Autos Surge (Dow Jones)
- UK Manufacturing Production up 0.9% MoM in Jul, down 10.1% YoY (FXstreet.com)
- UK Industrial Production rises 0.4% MoM in Jul, −9.9% YoY (FXstreet.com)
Top Fundamental Stories - Manufacturing and Industrial Production Surge in United Kingdom by ecPulse.com
Friday Notes - UK Industrial production: Edging up by UniCredit Group
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 8 | 06:00 | Trade Balance | 13.9B | 11.2B | 12.1B |
UPDATE: German July Adj Exports +2.3% MM; Up 3rd Mo In A Row (Dow Jones)
[ Full Story ]- Read the Trade Balance data at German Statistics
- DATA SNAP: German Adj Exports +2.3% MM In July, Imports Unch (Dow Jones)
- Germany Jul Trade surplus rises to 13.9B from 12.1B (FXstreet.com)
Top Fundamental Stories - German Exports Soar for the Third Month by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 8 | 10:00 | DE | Industrial Production s.a. (MoM) (Jul) | -0.9% | 1.6% | 0.8% |
| 12:30 | CA | Building Permits (MoM) (Jul) | -11.4% | 0.5% | 1.2% |
|
| 19:00 | US | Consumer Credit (Jul) | -$3.8B | -$10.3B | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Sep 6) | -45 | |||
| 22:45 | NZ | Credit Card Spending (Aug) | -2% | |||
| 23:01 | UK | Nationwide Consumer Confidence (Aug) | 62 | 60 | ||
| Sep 9 | 01:00 | AU | Westpac Consumer Confidence (Sep) | 3.7% | ||
Educational Resources
Video Forex Trading Program: Day 27
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 27 − Trading Techniques − How much can I make
Related Resources
Watch previous lessons of Forex 30-day Trading Program by 4Xlounge
Forex Jump-Start: Beginners Video Course by 4xLounge