Thursday, Sep 10, 16:11 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: Economic and Technical View of the Currency Market by Rob Booker
- All the events of the day in our Economic Calendar
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Forex Blogs
Tech Trading: GBP/USD Post BOE rate decision by César B. Leiceaga
BOE decision to keep rates unchanged hasn't resolved cable's consolidation pattern (rectangled area on chart). The mid term trend still remains bullish and in my opinion we could see more upside over the coming days until 1,6660 − 1,6700 resistance area.
FX Market Readings: Volatile moves in GBP by Dr. S. Sivaraman
The Advisor Weblog: Majors’s sentiment for today by Valeria Bednarik
Sponsored by 
Live Sessions Schedule
Live Look at Today's Markets − Free Access Day
Expert: Derek Frey
Start: Thu, Sep 10, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up − Free Access Day
Expert: Valeria Bednarik
Start: Thu, Sep 10, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Sep 10, 15:00 GMT | New NFA Regulations: How Currency Trading Will Be Affected − Free Access Day | Rob Booker | WBN |  |
| Thu, Sep 10, 17:00 GMT | Live Look at Today's Markets − Free Access Day | Derek Frey | WBN | |
| Thu, Sep 10, 22:30 GMT | Trading Day's Live Wrap Up − Free Access Day | Valeria Bednarik | WBN | |
| Fri, Sep 11, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN | |
| Fri, Sep 11, 09:00 GMT | Trading the Harmonic patterns  | Sunil Mangwani | WBN |  |
Current Session: U.S.
Pair regained upside after BOE, yet halted around key 1.6660/70
FXstreet.com Independent Analyst Team − Pair regained the upside strongly after BOE leave rates and QE unchanged, yet halted around key 1.6660/70 resistance zone. Rally seems over extended in the hourly, with indicators pointing for some downside corrective movement, that should hold above the 1.6600/10 area to retain the bullish bias. Under 1.6550 pair could resume downtrend for the rest of the day.
EUR/USD
EUR USD is in an uptrend supported by 1H exponential moving averages by Mataf.net
EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement.
Majors
U.S. Update: First warning by FXstreet.com
Majors are far from yesterday's high, despite gold and stocks; due to the overbought state most currencies have against greenback this seems to be a logical corrective movement.
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 Review
Canada BOC INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 10 | 13:00 | BoC Interest Rate Decision | 0.25% | 0.25% | 0.25% |
Daily U.S. Forex Summary - Bank of Canada is expected to keep rates on hold by Union Bank of California
[ Full Story ]- Forex: USD/CAD reacts down and tests 1.0800 after BoC decision (FXstreet.com)
- BoC keeps the overnight target rate unchanhed at 0.25% (FXstreet.com)
- Canada Afternoon: C$ Settles Slightly Lower Ahead Of BOC Thu (Dow Jones)
Preview of BOE & BOC policy meetings by Easy Forex
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 10 | 12:30 | Trade Balance | -$31.96B | -$27.10B | -$27.49B |
DATA SNAP: US July Trade Gap Posts Biggest Gain In Over 10 Yrs (Dow Jones)
The U.S. trade deficit registered its biggest increase in over 10 years in July, as surging oil imports caused an unprecedented jump in imports.
[ Full Story ]- U.S. International Trade Data at U.S. Census Bureau
- Forex: USD/JPY: Dollar breaks lower hits 91.43; 7−month low (FXstreet.com)
- Forex: EUR/USD: Euro hits session high at 1.4605 on U.S. data (FXstreet.com)
- Forex: GBP/USD: Pound extends rally above 1.6650 on U.S. data (FXstreet.com)
US economic indicators - Trade balance (Jul): Imports lifted by temporary surge in car demand by BHF−Bank
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 10 | 11:00 | BoE Interest Rate Decision | 0.5% | 0.5% | 0.5% |
Top Fundamental Stories - Bank of England holds interest rate unchanged for the sixth month by ecPulse.com
Policy makers at the Bank of England (BoE) opted to keep their key interest rate at its record low of 0.5%. The announced rate came analogous to both median expectations and August's rate.
[ Full Story ]- Read the official statement at BoE
- Forex: GBP/USD breaks 1.6600 resistance after BoE statement (FXstreet.com)
- Forex: GBP/JPY rises to test 152.90 resistance after BoE decision (FXstreet.com)
- Forex: EUR/GBP drops to 0.8750 after BoE rate decision (FXstreet.com)
US Morning Notes - GBP higher, BOE leaves rates and QE unchanged by Easy Forex
Daily World Market Update - Bank of England Preview by World First UK Ltd
Top Fundamental Stories - Europe Ahead: Bank of England will hold interest rate at 0.5% and Asset Purchase Program at 175 billion pounds by ecPulse.com
Australia CONSUMER INFLATION EXPECTATION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 10 | 01:00 | Consumer Inflation Expectation | 3.5% | - | 3.5% |
Australian Inflation Expectations Unchanged At +3.5% In Sep (Dow Jones)
[ Full Story ]- Read the Inflation data at Melbourne Institute
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 10 | 12:30 | US | Initial Jobless Claims (Sep 5) | 550K | 560K | 576K |
| 13:00 | CA | BoC Interest Rate Decision | 0.25% | 0.25% | 0.25% | |
| 17:00 | US | Treasury's Geithner Speech | ||||
| n/a | DE | Wholesale Price Index (YoY) (Aug) | -10.6% | |||
| n/a | DE | Wholesale Price Index (MoM) (Aug) | -0.5% | |||
| 22:45 | NZ | Food Price Index (MoM) (Aug) | 2.8% | |||
| 23:50 | JP | Gross Domestic Product (QoQ) (2Q) | -3.1% | |||