Wednesday, Sep 23, 19:54 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: London Session Scenarios on GBPUSD & GBPJPY by Mihai Marinescu
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Weblog: Low for an extended period by César B. Leiceaga
FED is finally here, and as expected, they leave rates unchanged, adding that "the Committee continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period."
FX Market Readings: Expected market moves after FOMC by Dr. S. Sivaraman
Francesc's Weblog: http://m.fxstreet.com Forex Mobile Touches New Highs by Francesc Riverola
Sponsored by 
Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Thu, Sep 24, 05:00 GMT
Type of Session: Webinar
Multiple Time Frame Analysis
Expert: Sam Seiden
Start: Thu, Sep 24, 10:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Sep 23, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Thu, Sep 24, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Thu, Sep 24, 10:00 GMT | Multiple Time Frame Analysis | Sam Seiden | WBN | |
| Thu, Sep 24, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Sep 24, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
Dollar recovers and rises above pre−FOMC levels
FXstreet.com − After plunging across the board following FEDs decision to leave rates unchanged, Greenback is now rising across the board. EUR/USD tumbled from 12−month high at 1.4842 to 1.4750. The Dollar current price under 1.4770 is below the one it had before the FOMC announcement. Nick Nasad, currency market analyst with CMS Forex comments on the EUR/USD.
USD/CAD
USDCAD tests Resistance Level at 1.0726 by Forex−Trends.com
This pair is heading towards resistance like it was stated before. Neutral position of this pair tells us to wait for better opportunities.
GBP/USD
Trading in the Significant Resistance region 1.6430−60 by Kshitij Consultancy Service
If the current upside momentum continues we might expect a break above this Resistance region (1.6430−60) in coming sessions and see a rise towards 1.67
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
US EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 24 | 14:00 | Existing Home Sales (MoM) | 2.1% | 7.2% |
| Sep 24 | 14:00 | Existing Home Sales | 5.35M | 5.24M |
US G20 MEETING
| Date (GMT) | Event | Cons. | Previous | |
| Sep 25 | 00:00 | G20 Meeting | - | - |
Daily FX Market Commentary - G20 meeting in Pittsburgh this week by Danske Bank A/S
World Bank president Robert Zoellick urges leaders of the G−20 at the Pittsburgh−meeting held this week (see home page) to set "an ambitious agenda for responsible globalisation.
[ Full Story ]- France's Sarkozy: Must Find An Agreement On Bonuses At G−20 (Dow Jones)
- Asian market mixed, caution dominates ahead of Fed, G−20; Euro and Yen bounce up (FXstreet.com)
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Sep 25 | 12:30 | Durable Goods Orders ex Transportation | 0.8% | 0.8% |
| Sep 25 | 12:30 | Durable Goods Orders | 0.3% | 4.9% |
Top Market Movers Review
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 23 | 18:15 | Fed Interest Rate Decision | 0.25% | 0.25% | 0.25% |
Fed Interest Rate decision Review by CMS Forex
Today's announcement didn't hold much in the way of surprises. The Fed, though seeing improvement in the economy, does not want to take away the support it has been providing.
[ Full Story ]- Read the official statement at the Fed
- CURRENCIES: Dollar Dips To Lows As Fed Extends Mortgage Buying (Dow Jones)
- Forex: The Yen rises across the board after FOMC (FXstreet.com)
- Forex: EUR/USD jumps after the FED to test 12−month high (FXstreet.com)
Top Fundamental Stories - FOMC Leaves Rates Unchanged and Signals Improvement is Undergoing by ecPulse.com
Fundamental Currencies Comments - Dollar Depreciate In Markets Ahead of FOMC by ecPulse.com
European Session: Market Wait for BoE Minutes then FOMC by ACM − Advanced Currency Markets
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 23 | 08:30 | Bank of England Minutes | - | - | - |
European Market Update - BOE minutes express some optimism in outlook by TradeTheNews.com
Top Fundamental Stories - BoE voted unanimously for leaving rates steady and not changing APF program by ecPulse.com
European Session: Market Wait for BoE Minutes then FOMC by ACM − Advanced Currency Markets
EMU PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 23 | 08:00 | Purchasing Manager Index Services | 50.6 | 50.5 | 49.9 |
| Sep 23 | 08:00 | Purchasing Manager Index Manufacturing | 49.0 | 49.8 | 48.2 |
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 23 | 14:30 | US | EIA Crude Oil Stocks change | 2.8M | -1.4M | -4.7M |
| 18:15 | US | Fed Interest Rate Decision | 0.25% | 0.25% | 0.25% | |
| 23:50 | JP | Adjusted Merchandise Trade Balance (Aug) | ¥180.0B | ¥194.5B | ||
| 23:50 | JP | Merchandise Trade Balance Total (Aug) | ¥157.0B | ¥377.9B |
||
| Sep 24 | 00:00 | US | G20 Meeting | |||
| 01:00 | AU | HIA New Home Sales (MoM) (Aug) | 0.1% | |||
| 04:30 | JP | All Industry Activity Index (MoM) (Jul) | 0.8% | 0.1% | ||
Educational Resources
The Federal Reserve and The FOMC Committee
The Fed is the Central Bank of the United States, setting Monetary Policy and broadly ensuring the stability and development of the US Financial System. Its mandate is the following: the setting of monetary policy; to ensure economic growth and currency stability; to regulate US Banking institutions and to maintain the macro−stability of the US financial system; and to provide financial Services to the US Government. Read whole article!
Related Resources
Learning Center - Interest Rates section in Chapter B02
Forex 30-day Trading Program Course - The Central Banks
How to Trade a News Breakout - Article from The Forex Journal