Friday, Sep 11, 15:52 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: Forex Basics Series - Technical Figures by Valeria Bednarik
- 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
Tech Trading: EUR/USD Bullish sentiment by César B. Leiceaga
Looking at the daily chart, the pair has reached the 61,80% Fibonacci level at 1,4621 (purple line on the chart) from the whole drop 1,6037 − 1,2327.
The Trader’s Edge: EUR/USD Outlook and Comments by Ross Yamashita
Trading for a living: Trading the Asian Channel in Cable by David Aranzabal
Sponsored by 
Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Sep 14, 05:00 GMT
Type of Session: Webinar
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Sep 14, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Sep 14, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Mon, Sep 14, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Sep 14, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Sep 14, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Sep 14, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: U.S.
Dollar down across the board, gold back above $1000/Oz
FXstreet.com − Dollar continues extending loses across the board, as gold regain the $ 1000/oz, after a short correction to $ 982.00 support past Thursday. The commodity, that has been leading the way since early this week, has send both Australian and New Zealand dollars above the 61.8% Fibonacci retracement of each one monthly fall; this signals further appreciation for both currencies.
USD/JPY
Pair Breaks The 91.73 Level, Resumes ST Downtrend by FXTechstrategy
Extension of losses triggered off the 93.29 level, its Sept 07'09 saw the pair decisively breaking its strong support zone at 91.73/41 area.
GBP/USD
Above 1.6740, GBP/USD could regain the upside by Easy Forex
Hovering around 1.6700, hourly indicators look also flat, yet downside remains capped by 20 SMA at 1.6680 zone, that also lost upside momentum and turned flat.
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
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 11 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 70.2 | - | 65.7 |
Reuters/Univ Michigan Mid−Sep Sentiment 70.2; Aug 65.7 (Dow Jones)
Consumer sentiment improved as of the middle of September. The Reuters/University of Michigan preliminary consumer sentiment index for September stood at 70.2, from 65.7 in August. It had been expected to stand at 67.5.
[ Full Story ]- Read the official data at Reuters/University of Michigan
- Forex: Consumer sentiment jumps; Dollar is waking up (FXstreet.com)
- US Preliminary Michigan Consumer Sentiment jumps to 70.2 in Sep from 65.7 in Aug (FXstreet.com)
US IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 11 | 12:30 | Import Price Index (MoM) | 2.0% | - | -0.7% |
US Import Prices Rebound 2% In August On Energy Prices (Dow Jones)
[ Full Story ]- US Import and Export Prices Indexes at US Department of Labor
- US Aug Import Price Index rises 2.0% MoM and moderates its decline to 15.0% yearly (FXstreet.com)
- US Import Prices: Table Of Data (Dow Jones)
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 11 | 08:30 | Producer Price Index − Input (MoM) s.a | 2.2% | - | -1.4% |
UK PPI improves in August, Pound remains at monthly highs (FXstreet.com)
[ Full Story ]- Read Producer Price Index data at National Statistics
- DATA SNAP: UK Aug PPI Rises Less Than Expected (Dow Jones)
- UK Aug Output PPI advances 0.2% MoM; slides 0.4% YoY (FXstreet.com)
- UK Aug PPI − Input rises 2.2%; drops 7.5% YoY (FXstreet.com)
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 10 | 12:30 | Trade Balance | -$31.96B | -$27.10B | -$27.49B |
- 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. On the other hand, the MPC held the Asset Purchase Facility program at 175 billion pounds.
[ 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)
Currency Trading News - British Pound Rallies after BoE holds Rates at Record Low, Maintains QE by DailyFX
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
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 11 | 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Sep)  | 70.2 | 65.7 | |
| 14:00 | US | Wholesale Inventories (Jul) | -1.4% | -1.7% | ||
| 18:00 | US | Monthly Budget Statement (Aug) | -180.7B | |||
| Sep 13 | 22:45 | NZ | Retail Sales (MoM) (Jul) | 0.1% | ||
| 22:45 | NZ | Retail Sales ex Autos (MoM) (Aug) | -0.4% | |||
| Sep 14 | 04:00 | JP | Tokyo Condominium Sales (YoY) (Aug) | -9.1% | ||
| 04:30 | JP | Capacity Utilization (Jul) | 2.3 | |||
Educational Resources
Video Forex Trading Program − Course is complete!
4Xlounge.com's EXCLUSIVE course is completed today by the last movie called "Am I ready to go live?". Enormous amount of information has been covered (Technical Analysis, Fundamentals, Money Management...) and it's now time to evaluate your demo account and ask and answer this question. Adam makes different recommendations to trade and experience different markets conditions. Watch today's lesson: Day 30.