Friday, Oct 09, 15:19 GMT
ASIA-PACIFIC Trading Newsletter
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- All the events of the day in our Economic Calendar
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Forex Blogs
Tech Trading: EUR/USD Reversed at key resistance by César B. Leiceaga
The euro has retreated from a relevant resistance situated at 1,4770's which corresponds to the 61,80 % of the whole drop 1.4815 − 1,4703. (see 1 hour chart). In theory this move could indicate a change in trend in short term but let's remember that the bullish trend formed since 1,4480's low still remains intact and price action is hovering around 1,4700 − 1,4710 support (100 SMA on 1 hour chart)
Francesc's Weblog: FXstreet Home Page Touches New All-Time Highs by Francesc Riverola
The Advisor Weblog: Slowly changing? by Valeria Bednarik
Sponsored by 
Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Oct 12, 05:00 GMT
Type of Session: Webinar
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Oct 12, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 12, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Mon, Oct 12, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Oct 12, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Oct 12, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Mon, Oct 12, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
Pound remains the second weaker currency across the board, after greenback
FXstreet.com Independent Analyst Team − Testing the strong 1.5920 support area keeps holding the downside, while real strong support comes at 1.5870 zone. Under that level, pair should extend downside rally close to the 1.5820 zone with no much problems in the middle. Hourly indicators remain clearly bearish as well as bigger time frames ones, while 20 SMA bearish slope should keep the upside capped.
AUD/USD
Trading near the Resistance at 0.9080 by Kshitij Consultancy Service
Aussie has risen from the low of 0.9019 and is now trading near the Resistance at 0.9080 mentioned earlier (...) a strong break above this Resistance at 0.9080 might target 0.9200−30 over the next few days.
USD/CAD
Heading towards its first target at 1.0400 by ecPulse.com
Breaching the minor support at 1.0500; heading towards its first target at 1.0400. We still await more bearish moves over intraday basis, supported by the short downside direction; where its next target is at 1.0300 and then 1.0000.
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 Review
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 9 | 12:30 | Trade Balance | -$30.70B | -$32.70B | -$31.85B |
DATA SNAP: US August Trade Deficit Registers Surprise Drop (Dow Jones)
The U.S. trade deficit unexpectedly narrowed for the first time in four months in August, with exports rising to their highest level of the year and imports easing despite higher oil prices.
[ Full Story ]- Read the Trade Balance data at Commerce Department
- U.S trade deficit narrows unexpectedly in August; Dollar unaffected (FXstreet.com)
- US Aug Trade Deficit soften to $30.7B from $31.85B (FXstreet.com)
- Table of U.S. Trade Data −4: Petroleum, Products Imports (Dow Jones)
US economic indicators - Trade balance (Aug): Rising slightly due to higher prices by BHF−Bank
UK TOTAL TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 9 | 08:30 | Total Trade Balance | -£3.00B | -£2.30B | -£2.45B |
- DATA SNAP: UK Aug Trade Gap Lowest In 3 Yrs But Exports Down (Dow Jones)
- UK Aug Total Trade deficit rises to £3B (FXstreet.com)
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 9 | 06:00 | Consumer Price Index (MoM) | -0.4% | -0.4% | 0.2% |
| Oct 9 | 06:00 | Consumer Price Index (YoY) | -0.3% | -0.3% | 0.0% |
DATA SNAP: German Final Sep CPI −0.4% On Month; −0.3% On Yr (Dow Jones)
[ Full Story ]- Read the CPI data at German Statistics
- Germany Sep CPI decreases 0.4% MoM and 0.3% YoY (FXstreet.com)
Top Fundamental Stories - Germany's Trade Balance and Inflation Raise Concerns by ecPulse.com
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 8 | 11:45 | ECB Interest Rate Decision | 1% | 1% | 1% |
Flash Comment - ECB meeting: Upside risks by Danske Bank A/S
ECB kept policy rates on hold as expected and Trichet noted that the judgment today is very close to the judgment a month ago.
[ Full Story ]- Read the official statement at ECB
- ECB keeps its refi rate unchanged at 1% (FXstreet.com)
- ECB keeps its Refi Rate unchanged at 1.0%; Euro testing 1.4750 (FXstreet.com)
- Forex: EUR/USD: Euro stalls below 1.4785 day high ahead of ECB (FXstreet.com)
Morning Report - The European Central Bank left its repo rate unchanged at 1.0% by Westpac Institutional Bank
Forex Market Video - ECB and BoE are Expected to Leave Rates Unchanged by ForexYard
ECB preview: The system is liquid enough by Danske Bank A/S
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 8 | 11:00 | BoE Interest Rate Decision | 0.5% | 0.5% | 0.5% |
The Overnight Express: North American Edition - BOE Maintains the Status Quo by The Overnight Express
[ Full Story ]- Read the official statement at BoE
- Forex: GBP/JPY falls from intra−day high at 142.37 to 141.60 after BoE unchanged policy (FXstreet.com)
- BoE leaves Bank Rate unchanged at 0.5%; GBP edges down (FXstreet.com)
- BOE Leaves Bond Buying Program, Key Interest Rate Unchanged (Dow Jones)
Forex Market Video - ECB and BoE are Expected to Leave Rates Unchanged by ForexYard
Forex Trading Article - U.S. Jobless Claims Report Falls, Bank of England Stalls by Online Forex Trading
Top Fundamental Stories - BoE Leaves the Interest Rate Unchanged for the Seventh Month by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 9 | 12:30 | US | Fed's Lockhart speech | |||
| 12:30 | CA | International Merchandise Trade (Aug) | $-2.0B | -$0.9B | -$1.3B |
|
| 16:15 | US | Fed's Kohn speech | ||||
| Oct 12 | 12:00 | CH | SNB Interest Rate Decision | 0.25% | 0.25% | |
| 21:45 | NZ | Retail Sales (MoM) (Aug) | -0.5% | |||
| 21:45 | NZ | Retail Sales ex Autos (MoM) (Aug) | -0.5% | |||
| 22:00 | NZ | Business NZ PMI (Sep) | 47 | |||
Educational Resources
FXstreet.com is about to get the ball rolling
Next week is THE event of the year for your Forex website... In Barcelona (Spain), we will gather 7 renowned FX experts and more than 50 traders for a 3 days intensive conference, including live trading! For those of you who won't be in our hometown to experience it live, we will broadcast pictures and cover the event on our homepage and on Francesc' blog from Wednesday through Friday! Don't miss this insider coverage of the ITC.