Wednesday, Sep 09, 16:17 GMT
ASIA-PACIFIC Trading Newsletter
Follow us on Twitter • Subscribe to our RSS feeds • Visit our Facebook page
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: Economic and Technical View of the Currency Market by Rob Booker
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
FX Market Readings: Gap time upward stop hunt by Dr. S. Sivaraman
In Euro alone upward stop hunt was made during gap time indicating the players are creating bullish feel and stopping out the stops of short sellers and inducing them to turn long at higher levels.During US session they are expected to slowly slide and quick slide from tomorrow Japanese session.Then their intentions could become visible.
Tech Trading: GBP/USD On the way to 1,67? by César B. Leiceaga
CEO's Blog: Top10 Forex Reports - MPTrader.com, ForexHound.com and InnerFX join in with the best by Francesc Riverola
Sponsored by 
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Sep 9, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Wed, Sep 9, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Sep 9, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
| Wed, Sep 9, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Wed, Sep 9, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Thu, Sep 10, 05:00 GMT | Asian Session: Live Market Analysis − Free Access Day | Dr.S.Sivaraman | WBN | |
| Thu, Sep 10, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently − Free Access Day | Sunil Mangwani | WBN |  |
Current Session: U.S.
U.S. Update: Endless dollar weakness
FXstreet.com Independent Analyst Team − In the next 24 hours, 3 Central Banks will be announcing their monetary policy: New Zealand, the U.K. and Canada. Besides in a couple of hours, the U.S. will be releasing the Beige Book. Market will likely to settle down and consolidate ahead of such data, yet leaving aside the Pound, any dollar strength will likely to be corrective; don't expect any sudden trend change for this week.
USD/JPY
Yen tests support as 90.00 eyed by TradeTheNews.com
Japanese Yen bulls continue to attack support around the 92.00 figure, a level defended by the July monthly pivot low at 91.74. In case yen longs manage to break lower...
GBP/USD
Still targeting The 1.6622 Level & Beyond by FXTechstrategy
As EURUSD and AUDUSD continue to lead the G10 currency block having resumed their medium term uptrends, GBP looks to follow while targeting its Aug 21'09 high at 1.6622.
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
New Zealand RBNZ INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 9 | 21:00 | RBNZ Interest Rate Decision | 2.5% | 2.5% |
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
UK GOODS TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 9 | 08:30 | Total Trade Balance | -£2.45B | -£2.00B | -£2.37B |
| Sep 9 | 08:30 | Goods Trade Balance | -£6.5B | -£6.3B | -£6.4B |
Top Fundamental Stories - UK's Trade Balance shows a widened deficit for the second month in July by ecPulse.com
[ Full Story ]- Read the Trade Balance data at UK Statistics
- DATA SNAP:UK Jul Trade Gap Unch;Biggest Export Rise In 18 Mo (Dow Jones)
- UK Goods Trade Balance increases to £6.5B in Jul from £6.4B (FXstreet.com)
Daily World Market Update - Sterling Higher As GDP Forecast To Turn Positive Soon by World First UK Ltd
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 9 | 06:01 | Consumer Price Index (YoY) | 0.0% | 0.0% | -0.5% |
| Sep 9 | 06:01 | Consumer Price Index (MoM) | 0.2% | 0.2% | 0.0% |
CORRECT: DATA SNAP: German Aug CPI Confirmed +0.2% MM; 0.0% YY (Dow Jones)
[ Full Story ]- Read the CPI data at German Statistics
- DATA SNAP: German Aug CPI Confirmed +0.2% On Mo; +1.8% On Yr (Dow Jones)
- Germany Aug CPI rises 0.2% MoM, no changes on year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 9 | 11:00 | US | MBA Mortgage Applications (Sep 4) | 17.0% | -2.2% | |
| 12:15 | CA | Housing Starts s.a (YoY) (Aug) | 150.4K | 138.0K | 132.1K | |
| 18:00 | US | Fed's Beige Book | ||||
| 21:00 | NZ | RBNZ Interest Rate Decision | 2.5% | 2.5% | ||
| 22:45 | NZ | Terms of Trade Index (2Q) | -3% | |||
| 23:01 | UK | NIESR GDP Estimate (Aug) | -0.4% | |||
| 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (Aug) | 0.4% | |||