Thursday, Sep 24, 15:36 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
FX Path: GBP/USD − Breaking Support by James Chen
Prolonged consolidation on GBP/USD, a daily chart of which is shown, has assumed a substantially more bearish bias than the euro against the dollar. This can be seen in the significant jump that the key EUR/GBP cross has made as of Thursday (9/24/2009).
Tech Trading: Cable breaking down by César B. Leiceaga
The Advisor Weblog: Majors’s sentiment for today by Valeria Bednarik
Sponsored by 
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Sep 24, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Sep 24, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Sep 24, 16:00 GMT | Quad−CCI Volatility Trading and Trend Identification Explained | Mark Whistler | WBN |  |
| Thu, Sep 24, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Sep 24, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Fri, Sep 25, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
| Mon, Sep 28, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
Current Session: U.S.
Immediate event to watch for would be a strong breakdown below 1.6100 support
FX Solutions −In the case of GBP/USD, the immediate event to watch for would be a strong breakdown below 1.6100 support, in which case the 1.5800 price region would be a clear further support target to the downside. Like other major currencies against the U.S. dollar, GBP is still entrenched within an overall uptrend, but this could very well be in jeopardy on GBP/USD if the pair continues to lose ground.
EUR/USD
Above 1.4830, pair could resume uptrend by FXstreet.com
Above 1.4830, pair could resume uptrend while only under 1.4680 correction to the downside could extend.
USD/JPY
The battleground at 90.00 beckons once again by Saxo Bank
The battleground at 90.00 beckons once again as the end of the half year approaches. This will be an interesting area to watch − and USDJPY is one of the few currency pairs actually seeing a rise in volatility of late.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
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 EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 24 | 14:00 | Existing Home Sales (MoM) | -2.7% | 2.1% | 7.2% |
| Sep 24 | 14:00 | Existing Home Sales | 5.10M | 5.35M | 5.24M |
US Aug Existing Home Sales Dn 2.7% To 5.10 Mln Rate (Dow Jones)
Existing−home sales in the U.S. unexpectedly fell in August, breaking a string of four increases as the housing market struggles to recover.
[ Full Story ]- Read Existing home sales data at NAR
- CORRECT: US Aug Existing Home Sales Dn 2.7% To 5.10 Mln Rate (Dow Jones)
- CURRENCIES: Dollar Turns Up After Weak Home−sales Data (Dow Jones)
- Dollar strengthens after unexpected decline on Existing home sales (FXstreet.com)
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 24 | 12:30 | Initial Jobless Claims | 530K | 546K | 551K |
US Jobless Claims −21K To 530K In Sept 19 Week; Survey +5K (Dow Jones)
[ Full Story ]- Read the jobless claims data at US Department of Labor
- Forex: EUR/USD: Euro jumps to 1.4795 day−high after jobless claims data (FXstreet.com)
- US Sep 19 Initial Jobless Claims decline by 21K 530K in Sept 19 week (FXstreet.com)
- DJ Table Of US Initial, Continuing Claims (Dow Jones)
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 24 | 08:00 | IFO − Business Climate | 91.3 | 92.1 | 90.5 |
DATA SNAP: German Ifo Index Better In Sep, Short Of Forecast (Dow Jones)
[ Full Story ]- Read Ifo Business Climate Index at CESifo Group
- 2nd UPDATE: German Ifo Seals 3Q Growth; Economists Cautious (Dow Jones)
- UPDATE: German Ifo Index Better In Sep, Short Of Forecast (Dow Jones)
- Forex: EUR/USD: Euro dips below 1.4750 on disappointing Ifo figures (FXstreet.com)
Euroland: IFO climbs a little higher by Danske Bank A/S
Top Fundamental Stories - Germany IFO Survey shows improvement in September, yet came below estimates by ecPulse.com
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 leaves rates unchanged; Dollar plunges across the board (FXstreet.com)
[ Full Story ]- Read the official statement at the Fed
- CURRENCIES: Dollar Firms After Hitting Lows On Fed Decision (Dow Jones)
- WORLD FOREX: Dollar Manages To Gain Vs Euro After Fed Mtg (Dow Jones)
- Forex: Dollar recovers and rises above pre−FOMC levels (FXstreet.com)
U.S: The Fed does not aim at higher rates by X−Trade Brokers, XTB
Weekend Analysis - Fed Speaks Positively...Overbought Brings Market Down...Nasty Topping Candle... by SwingTradeOnline.com
U.S: FOMC keeps rates unchanged and sees sustainable economic recovery by National Bank of Canada
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 24 | 00:00 | US | G20 Meeting | |||
| 14:00 | US | Existing Home Sales (MoM) (Aug) | -2.7% | 2.1% | 7.2% | |
| 23:30 | JP | Nomura/ JMMA Manufacturing Puchasing Manager Index (Sep) | 50.4 | |||
| 23:50 | JP | BoJ Minutes | ||||
| Sep 25 | 00:00 | US | G20 Meeting | |||
| 06:00 | DE | Import Price Index (MoM) (Aug) | -0.9% | |||
| 06:00 | DE | Import Price Index (YoY) (Aug) | -11.3% | -12.6% | ||
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