Wednesday, Oct 07, 16:05 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
The Disciplined Trader: NZD/USD highly overbought by Pierre Charlebois
How the day ends today will be important for potential direction indication on this pair. This could be a blow−off top at the end of a very long up−trend
The Trader's Edge: EUR/USD Quickie by Ross Yamashita
Trading for a living: Trading the range at the european opening by David Aranzabal
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Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Thu, Oct 8, 05:00 GMT
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Oct 12, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 7, 15:00 GMT | An introduction to Price Behaviour: Part 1 | Mike Baghdady | WBN |  |
| Thu, Oct 8, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Thu, Oct 8, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Oct 8, 13:00 GMT | Pip Movement Ranges for Better Trade Management | Raghee Horner | WBN | |
| Thu, Oct 8, 14:00 GMT | Looking at economic data | Adam Rosen | WBN | |
Current Session: U.S.
GBP/USD continues in relatively consolidation
FX Solutions − Bearish bias after breaking down below a rough, expanded head & shoulders pattern. The current consolidation can also be seen as a rough inverted flag/pennant formation. The key downside support level to watch for is the important 1.5800 price region, which the pair has essentially respected since May. Any significant breakdown below this level could confirm a potential bearish reversal off the head & shoulders pattern, and target further support in the 1.5500 price region, and possibly further down around the 1.5300 price region.
GBP/USD
Cable has continued to be ranged today by Kshitij Consultancy Service
The 55−MA on the 4H chart is showing signs of flattening which is a good indicator of a ranged consolidation over the next few sessions. The range could be between 1.5820−1.6040.
AUD/USD
AUDUSD: Remains On The Offensive, Targets The 0.9000 Level by FXTechstrategy
With a firm hold above the 0.8857 level seen following its sharp rally on Tuesday, risk of further upside gains is now likely towards its Aug 10'08 high at 0.8950 with a clean penetration of...
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 BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 8 | 11:00 | BoE Interest Rate Decision | 0.5% | 0.5% |
ECB and BOE: meetings Thursday, RBA hikes first by Easy Forex
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 8 | 11:45 | ECB Interest Rate Decision | 1% | 1% |
EMU economic indicators - ECB council: No policy change by BHF−Bank
The ECB Council is holding its regular monthly meeting on Thursday. The interest rate decision will be announced at 13:45hrs, the press conference is scheduled for 14:30hrs. Over the last few weeks, policymakers have repeatedly stated that it is too early to withdraw stimulus and declare the crisis over.
[ Full Story ]ECB and BOE: meetings Thursday, RBA hikes first by Easy Forex
Forex Trading Strategies - ECB, EuroZone politicians clearly fed up with Euro strength by Saxo Bank
US TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 9 | 12:30 | Trade Balance | -$32.70B | -$31.96B |
US economic indicators - Trade balance (Aug): Rising slightly due to higher prices by BHF−Bank
Top Market Movers Review
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 7 | 10:00 | Factory Orders s.a. (MoM) | 1.4% | 1.2% | 3.1% |
| Oct 7 | 10:00 | Factory Orders n.s.a. (YoY) | -20.4% | -19.9% | -20.1% |
- UPDATE: German Mfg Orders Rise In August On Foreign Demand (Dow Jones)
- Germany Aug Factory Orders rise 1.4% MoM, fall 20.4% YoY (FXstreet.com)
- DATA SNAP:German Mfg Orders Rise In August On Foreign Demand (Dow Jones)
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 7 | 09:00 | Gross Domestic Product s.a. (QoQ) | -0.2% | -0.1% | -2.5% |
| Oct 7 | 09:00 | Gross Domestic Product s.a. (YoY) | -4.8% | -4.7% | -4.9% |
Top Fundamental Stories - Euro Zone Second Quarter GDP Revised Downwards by ecPulse.com
[ Full Story ]- Read the GDP data at Eurostat
- UPDATE: Euro−Zone 2Q GDP Contraction Sharper Than Expected (Dow Jones)
- Eurozone Q2 GDP downwardly revised; Euro not affected (FXstreet.com)
- Euro Zone 2Q GDP down 0.2% QoQ and 4.8% YoY (FXstreet.com)
Top Fundamental Stories - Europe Ahead: GDP in the Euro Zone is Expected to Remain Unchanged by ecPulse.com
EMU economic indicators - EMU GDP is unlikely to be revised significantly by BHF−Bank
Switzerland UNEMPLOYMENT RATE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 7 | 05:45 | Unemployment Rate | 3.9% | - | 3.8% |
| Oct 7 | 05:45 | Unemployment Rate s.a. | 4.1% | 4.1% | 4.0% |
Switzerland Sep Unemployment Rate increases to 3.9% from 3.8% (FXstreet.com)
[ Full Story ]- Read the Employment data at SECO [text in German]
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 7 | 00:00 | IMF Meeting | ||||
| 11:00 | US | MBA Mortgage Applications (Oct 2) | 16.4% | -2.8% | ||
| 14:30 | US | EIA Crude Oil Stocks change | -1.0M | 2.0M | 2.8M | |
| 19:00 | US | Consumer Credit (Aug) | -$10.0B | -$21.6B | ||
| 19:00 | US | Monthly Budget Statement (Sep) | -111.4B | |||
| 23:50 | JP | Adjusted Current Account (Aug) | ¥1171.3B | ¥1159.0B | ||
| 23:50 | JP | Trade Balance − BOP Basis (Aug) | ¥285.0B | ¥437.3B | ||