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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
- Use our brand new performance table! See ranges for main pairs in % or pips from 5 min to YTD. Go Now!
- WEBINAR VIDEOS: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- All the events of the day in our Economic Calendar
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Forex Blogs
Tech Trading: USD/CAD Descending wedge by César B. Leiceaga
The daily chart of USD/CAD shows how a perfectly descending wedge is forming. Technically speaking these kind of patterns warn a breakout in this case to the upside. This pattern would only be valid if there is a close above the 50SMA and the main bearish trendline.
FX Market Readings: Week end expected market moves by Dr. S. Sivaraman
The Trader's Edge: EUR/USD - Part 2 (Analysis) by Ross Yamashita
Sponsored by 
Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Sep 21, 05:00 GMT
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Sep 21, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Sep 18, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| Mon, Sep 21, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Mon, Sep 21, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Sep 21, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Mon, Sep 21, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
EURUSD: Corrective Pullbacks Looks To Shape Up
FXTechstrategy − EURUSD: As EUR was seen trading below its Thursday high (1.4766) in early trading today following a close above its key resistance at the 1.4719 level, potential for corrective pullbacks could be shaping up. Its daily studies which are deeply overbought add to this view and if that plays out, declines could be seen towardsthe 1.4634 level, its Sept 11'09 high at first with a break and hold below there creating scope for further declines towards the 1.4446 level, its Aug 09 high.
GBP/USD
GBP/USD: Pound breaks below 1.6300 by FXstereet.com
Pound's recovery from 1.6300 European session low has been halted at 1.6375, and the Sterling has resumed its downtrend to break below 1.6300 dropping to a fresh 2−weeks low at 1.6265.
COMMODITIES
Gold and Crude waiting for their moment of inspiration by Saxo Bank
The dollar (1% lower) and the stock markets (S&P 2.5% higher) continued their slow grinding move in opposite directions this week thereby continuing to lend support to commodity prices
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com, Financial Trend Analysis, KBC, Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Review
Canada WHOLESALE SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 18 | 12:30 | Wholesale Sales (MoM) | 2.8% | 0.7% | 0.6% |
- Canada Wholesale Sales increase 2.8% in Jul (FXstreet.com)
UK PUBLIC SECTOR NET BORROWING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 18 | 08:30 | Public Sector Net Borrowing | £16.1B | £12.5B | £8.0B |
- UK Aug PSNB rises to £16.1B in Aug from £8B (FXstreet.com)
EMU CURRENT ACCOUNT S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 18 | 08:00 | Current Account n.s.a | €8.8B | - | €0.8B |
| Sep 18 | 08:00 | Current Account s.a | €6.6B | -€4.3B | -€4.3B |
DATA SNAP: Euro−Zone Current Acct Swings Into Black In July (Dow Jones)
The euro zone's current account in July swung into surplus for the first time since February 2008, as the goods surplus widened sharply.
[ Full Story ]- Read the Current Account data at the ECB
- 2nd UPDATE: Euro−Zone Current Acct Swings Into Black (Dow Jones)
- UPDATE: Euro−Zone Current Acct Swings Into Black In July (Dow Jones)
- Euro Zone Current Account s.a increases to €6.6B surplus in Jul (FXstreet.com)
Top Fundamental Stories - Euro Zone Current Account Reveals a Surplus for First Time since the Beginning of 2008! by ecPulse.com
Top Fundamental Stories - Europe Ahead: The current account in the Euro Zone might trail the Trade Balance by ecPulse.com
EMU economic indicators - EMU trade balance and current account by BHF−Bank
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 16 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.1% | 0.1% | 0.1% |
| Sep 16 | 12:30 | Consumer Price Index (YoY) | -1.5% | -1.7% | -2.1% |
| Sep 16 | 12:30 | Consumer Price Index (MoM) | 0.4% | 0.4% | 0.0% |
| Sep 16 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 1.4% | 1.4% | 1.5% |
Top Fundamental Stories - CPI Increases more than Estimates in August, as Housing, Food, and Transportation Prices Rise! by ecPulse.com
[ Full Story ]- Read the CPI data at Labor Department
- Summary Of U.S. Consumer Price Data From Labor Dept (Dow Jones)
- DATA SNAP: US CPI Rises On Energy Prices, Core Up Slightly (Dow Jones)
- U.S. CPI grows 0.4% on energy prices; Dollar edges up (FXstreet.com)
Daily Global Commentary - The Energy Price Index Lifts Consumer Price Index in August by Northern Trust
Top Fundamental Stories - Further economic enhancement expected to be witnessed in the U.S throughout today's news… by ecPulse.com
The Week Ahead - Business Inventories, CPI, IP, Retail Sales and Housing Starts by BBVA Bancomer
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 15 | 12:30 | Retail Sales ex Autos (MoM) | 1.1% | 0.4% | -0.5% |
| Sep 15 | 12:30 | Retail Sales (MoM) | 2.7% | 1.7% | -0.2% |
KBC News Picks - US: Retail sales show biggest increase since January 2006 by KBC Bank
In August, US retail sales rose by 2.7% M/M, the sharpest increase since January 2006. The previous figure was slightly downwardly revised from −0.1% M/M to −0.2% M/M.
[ Full Story ]- Read the Retail Sales data at the Census Bureau
- CURRENCIES: Dollar Gains After Retail Sales, Price Data (Dow Jones)
- CURRENCIES: Dollar Adds To Gain After Retail Sales, Price Data (Dow Jones)
- CURRENCIES: Dollar Adds To Gain After Retail Sales, Price Data (Dow Jones)
Daily Global Commentary - Autos and Non−auto Components Lift Retail Sales in August by Northern Trust
US: Good news on underlying consumption by Danske Bank A/S
FX View - Strength in U.S. retail sales boosts dollar – but for how long? by Interactive Brokers LLC
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 18 | 08:30 | UK | CML Gross Mortgage Lending s.a. | £12.6B | £16.0B | |
| 12:30 | CA | Wholesale Sales (MoM) (Jul) | 2.8% | 0.7% | 0.6% | |
| Sep 20 | 22:45 | NZ | Visitor Arrivals (Aug) | 3.9% | ||
| 23:01 | UK | Rightmove House Price Index (MoM) (Sep) | -2.2% | |||
| 23:01 | UK | Rightmove House Price Index (YoY) (Sep) | -3.1% | |||
| Sep 21 | 01:30 | AU | New Motor Vehicle Sales (MoM) (Aug) | -6.9% | ||
| 01:30 | AU | New Motor Vehicle Sales (YoY) (Aug) | -10.4% | |||
Educational Resources
New NFA Regulations: How Currency Trading Will Be Affected
How do new regulations which prohibit hedging, restrict stop losses and limit orders, and the so−called "FIFO" rule, affect your trading? In this webinar Rob Booker covers the new rules, some possible new rules, and talk about ways that traders are dealing with the regulations and what you can do, too. See whole Rob Booker's webinar recording!
Related Resources
Facing the New NFA Regulation - Article by Alberto Muñoz
Leverage on focus - Article by John Putman II