Tuesday, Sep 22, 15:13 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
- Use our brand new performance table! See ranges for main pairs in % or pips from 5 min to YTD. Go Now!
- WEBINAR VIDEOS: FX Market Pulse by Raghee Horner
- 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
The Disciplined Trader: GBP/USD holding triangle pattern for now by Pierre Charlebois
So far the GBP/USD is still forming it's triangle. This is the preferred view unless price makes a new low. I would add a caveat here as if the EUR/USD drops hard the GBP may do the same. In that case I would have to review the count on the GBP as well.
The Advisor Weblog: EUR/USD midterm perspective by Valeria Bednarik
Francesc's Weblog: October’s International Traders Conference Schedule Now Available by Francesc Riverola
Sponsored by 
Live Sessions Schedule
Drilling down, Support and Resistance
Expert: Triffany Hammond
Start: Tue, Sep 22, 16:00 GMT
Type of Session: Webinar
Trend resumption recognition
Expert: Lea Peters
Start: Tue, Sep 22, 19:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Sep 22, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN |  |
| Tue, Sep 22, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Tue, Sep 22, 19:00 GMT | Trend resumption recognition | Lea Peters | WBN | |
| Tue, Sep 22, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Wed, Sep 23, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
Current Session: U.S.
Momentum could be starting to show some bearish divergences
FXstreet.com Independent Analyst Team − Pair reached the 50% retracement of the Fibonacci rally 1.6567/1.6135, and retreat some pips, yet remains consolidating clearly above the 38.2% of the same rally, suggesting some more upside to come in next hours.20 SMA is back bullish, while momentum could be starting to show some bearish divergences. Bigger time frames had turned bullish, supporting further rises. Above 1.6350, consider the 1.6400 area, as next resistance level to consider.
EUR/USD
EURUSD: New Fresh High Puts The 1.4875 Level Under Pressure by FXTechstrategy
New Fresh High Puts The 1.4875 Level Under Pressure − A two−day recovery ended in another break higher in early trading today pushing EUR further higher to the 1.4797 level.
AUD/USD
Aussie as expected continued to rise towards 0.8750 during the day by Kshitij Consultancy Service
Aussie as expected continued to rise towards 0.8750 during the day. Significant Resistance is seen in the region 0.8750−75. A strong break above this Resistance region (0.8750−75) might see futher rise towards 0.8850−0.8900
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com, Financial Trend Analysis
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 23 | 08:30 | Bank of England Minutes | - | - |
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 23 | 18:15 | Fed Interest Rate Decision | 0.25% | 0.25% |
FOMC: preview of policy meeting by Danske Bank A/S
Economic data have continued to improve and we believe that this will be noted in the FOMC statement. Inflation pressures on the other hand remain subdued.
[ Full Story ]- Asian Shares End Mixed; Caution Ahead Of Fed, G−20 Meetings (Dow Jones)
- Asian market mixed, caution dominates ahead of Fed, G−20; Euro and Yen bounce up (FXstreet.com)
Forex Market Video - Ahead of US Federal Fund's Rate by ForexYard
Live Daily Broadcast - Today's Live Show: A Look at the USD, EUR, GBP and JPY Ahead of the Fed by AllThingsForex
Top Market Movers Review
US HOUSING PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 22 | 14:00 | Housing Price Index (YoY) | -4.2% | - | -5.6% |
| Sep 22 | 14:00 | Housing Price Index (MoM) | 0.3% | 0.5% | 0.1% |
UPDATE: FHFA: July US Home Prices Up Seasonally Adjusted 0.3% (Dow Jones)
[ Full Story ]- Read the HPI data at FHFA
- FHFA: U.S. Home Prices Rise Seasonally Adjusted 0.3% In July (Dow Jones)
- US Housing Price Index up 0.3% MoM in Jul, −4.2% YoY (FXstreet.com)
KBC News Picks - US: Further signs of improvement in housing market by KBC Bank
Canada RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 22 | 12:30 | Retail Sales ex Autos (MoM) | -0.8% | 0.1% | 1.0% |
| Sep 22 | 12:30 | Retail Sales (MoM) | -0.6% | 0.5% | 1.0% |
- Forex: USD/CAD picks up on Canadian retail sales unexpected decline (FXstreet.com)
- Canada Jul Retail Sales down 0.6% from last month (FXstreet.com)
Switzerland TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 22 | 06:15 | Trade Balance | 1.79B | 2.03B | 2.21B |
- Switzerland Trade Balance surplus decreases to 1.79B in Aug (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 22 | 14:00 | US | Housing Price Index (MoM) (Jul) | 0.3% | 0.5% | 0.1% |
| 14:00 | US | Richmond Fed Manufacturing Index (Sep) | 14 | 16 | 14 | |
| 21:00 | US | ABC/Washington Post Consumer Confidence (Sep 20) | -49 | |||
| 22:45 | NZ | Gross Domestic Product (QoQ) (2Q) | -0.2% | -1.0% | ||
| Sep 23 | n/a | DE | Purchasing Manager Index Manufacturing (Sep)  | 51.0 | 49.2 | |
| n/a | DE | Purchasing Manager Index Services (Sep) | 54.0 | 53.8 | ||
| n/a | EMU | Purchasing Manager Index Manufacturing (Sep) | 49.8 | 48.2 | ||
Educational Resources
Featured Educator: Kim Cramer Larsson
Kim Cramer Larsson has 19 years in the financial industry and 12 years experience in working with technical analysis. He's a close contributor of FXstreet.com and will also be Key Speaker at FXstreet.com's International Traders Conference in Barcelona on October 14−16. Check his author's page to know more about him and his contributions!
Related Resources
Today's Trading Signals - The most viewed report of FXstreet.com
Key Speaker at the ITC 09 Barcelona on October 14-16 - Register deadline is October 2nd!