Tuesday, Oct 13, 16:09 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
Francesc's Weblog: ITC: Day −1! by Francesc Riverola
D−Day is tomorrow!!! Quite an exciting and busy day here today at our office as tomorrow our International Traders Conference will begin here in Barcelona!
The Disciplined Trader: EUR/USD - Where might it top out? by Pierre Charlebois
Sponsored by 
Live Sessions Schedule
Break−out Trading
Expert: Lea Peters
Start: Tue, Oct 13, 19:00 GMT
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Wed, Oct 14, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Oct 13, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN |  |
| Tue, Oct 13, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Tue, Oct 13, 19:00 GMT | Break−out Trading | Lea Peters | WBN | |
| Wed, Oct 14, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Wed, Oct 14, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
Pair reached a fresh intra−year high at 1.4875
Turtle Futures − Sending RSI to overbought levels, now at 72 despite pair has retreat from mentioned high. Momentum remains strong and healthy, while 20 SMA starts also to gain upside slope. Bigger time frames had also turned bullish ahead of U.S. opening. Above current high, pair has room to extend upside movement to next key level, 1.4920 area.
GBP/USD
Pound pushed to new lows on low UK inflation reading by Saxo Bank
The pound reached new lows for the cycle vs. the Euro after the inflation data today failed to trigger any notion that the BoE would begin to fret the implications of the weak pound and its effect on inflation.
USD/JPY
Shooting Star Candle Halts Recovery by Saxo Bank
The pair reversed its intra day gains and closed lower on Monday printing a shooting star candle(top reversal signal).
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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 14 | 12:30 | Retail Sales (MoM) | -2.0% | -0.2% |
| Oct 14 | 12:30 | Retail Sales ex Autos (MoM) | 0.2% | -0.5% |
Friday Notes - Retail Sales: Payback time as cash for clunkers program ended by UniCredit Group
Following the expiration of the cash for clunkers program in late August, car sales plunged 35% in September. In addition, we expect a reversal of the sales increases in most other categories that occurred in August and are not sustainable in our view.
[ Full Story ]- US retail sales probably fell in September (Forex Live)
US FOMC MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 14 | 18:00 | FOMC Minutes | - | - |
Forex Market Video - FOMC Meeting Minutes to Move the Market by ForexYard
Top Market Movers Review
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 13 | 09:00 | ZEW Survey − Economic Sentiment | 56.0 | 58.8 | 57.7 |
| Oct 13 | 09:00 | ZEW Survey − Economic Sentiment | 56.9 | 61.3 | 59.6 |
European Market Update - German ZEW improves but below market expectations by TradeTheNews.com
[ Full Story ]- Read full survey at the ZEW Institute
- DATA SNAP: German ZEW Econ Expectations Fall In Oct (Dow Jones)
- Euro falls under 1.4770 after ZEW survey (FXstreet.com)
- Euro Zone Oct ZEW Economic Sentiment decreases to 56.9 from 59.6 (FXstreet.com)
Euroland: A setback in ZEW expectations by Danske Bank A/S
Top Fundamental Stories - The Decline in Prices is Raising Concerns in the U.K., While ZEW Survey Slips in the Euro Zone by ecPulse.com
EMU economic indicators - German ZEW economic sentiment (October): remaining stable at best by BHF−Bank
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 13 | 08:30 | Consumer Price Index (MoM) | 0.0% | 0.3% | 0.4% |
| Oct 13 | 08:30 | Consumer Price Index (YoY) | 1.1% | 1.3% | 1.6% |
- 2nd UPDATE: UK CPI Sinks To 7−Year Low Of 1.1% YY In Sep (Dow Jones)
- UK inflation decreases more than expected; GBP reacts down (FXstreet.com)
- Pound Pops Lower After Weak Inflation Reading (Dow Jones)
UK: CPI and BOE policy− EUR/GBP at six month high by Easy Forex
Top Fundamental Stories - The Decline in Prices is Raising Concerns in the U.K., While ZEW Survey Slips in the Euro Zone by ecPulse.com
Daily World Market Update - Further Lows For The Pound, Can CPI Help? by World First UK Ltd
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 13 | 12:30 | CA | New Housing Price Index (MoM) (Aug) | 0.1 | 0.2 | 0.3 |
| 21:00 | US | ABC/Washington Post Consumer Confidence | -45 | |||
| Oct 14 | 00:00 | AU | National Australia Bank's Business Confidence (3Q) | 18 | ||
| 00:00 | JP | Nationwide Department Sales (YoY) (Sep) | -3.1% | |||
| 00:00 | JP | Tokyo Department Store Sales (YoY) (Sep) | -2.3% | |||
| 00:00 | AU | Westpac Consumer Confidence (Oct 11) | 5.2% | |||
| 04:00 | JP | BoJ Interest Rate Decision | 0.1% | 0.1% | ||
Educational Resources
A Smart Trading Group, Getting Smarter
Sam Seiden can always tell how much someone knows about trading and markets and how well they are doing by listening to their questions. With each new year, questions, in general, have become more and more intelligent which means the competition is getting stronger. Recently, some important questions have been sent to him by OTA students. For your benefit, he thought he would share them and the answers with you in this piece. . Read Sam Evans' article
From the Lessons From the Pros as well:
FX Fundamentals & News: The Good, The Bad and The Ugly by Sam Evans