Thursday, Oct 15, 15:22 GMT
ASIA-PACIFIC Trading Newsletter
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ITC Barcelona 2009
Our staff is twitting! Follow the last minute right from the ITC on FXstreet.com's twitter.
Valeria Bednarik and Rob Booker take the stand by FXstreet.com
On an afternoon of great lectures, Valeria Bednarik shared with us her knowledge about "Intraday Strategies", her tips about choosing technical indicators and avoiding noise in charts. She emphasised on the importance of backtesting our system and having onfidence in it.
Kim Cramer Larsson's speech and lunch break by FXstreet.com
Kim Cramer Larsson, the CEO at Financial Trade Analysis, gave his speech "Tom DeMark studies and Exhaustion in the FX Markets"; introducing interesting new technics and trading patterns...
To Get Started
- Exclusive video Interview: Will the Euro reach the last year's highest level at 1.60? with Rob Booker
- Rates&Charts Section: Get the most updated data on FX, commodities, Indices... Go Now!
- Do you know it all about FX? Test yourself! Learning Center Practice A is out!
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: Contrarian moves in USD/YEN by Dr. S. Sivaraman
As explained during the webinar during asian session − the players have rised GBP massively holding EURO to drop EURO/GBP.Then rised USD/YEN now to rise GBP/YEN massively.
The Disciplined Trader: EUR/USD - Is the top in place? by Pierre Charlebois
Tech Trading: GBP/USD Strong resistance ahead by César B. Leiceaga
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Live Sessions Schedule
Live Trading Set Ups with Chart Patterns and Market Cycles
Expert: Raghee Horner
Start: Fri, Oct 16, 13:00 GMT
Type of Session: Webinar
US Session Open
Expert: Ed Ponsi
Start: Fri, Oct 16, 13:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 15, 15:00 GMT | The Three Faces of Gold − Free Access Day | Joseph Trevisani | WBN |  |
| Thu, Oct 15, 17:00 GMT | Live Look at Today's Markets − Free Access Day | Derek Frey | WBN |  |
| Fri, Oct 16, 09:00 GMT | Trading the Harmonic patterns  | Sunil Mangwani | WBN |  |
| Fri, Oct 16, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Fri, Oct 16, 13:00 GMT | Live Trading Set Ups with Chart Patterns and Market Cycles | Raghee Horner | WBN | |
Current Session: U.S.
GBPUSD: Recovery Clears The 1.6124 Level
FXTechstrategy − Momentum build up on the back of its two days of recovery saw GBP breaking through its key resistance standing at the 1.6124 level today (Sept 30'09 high). Maintaining those gains on a daily closing basis today should bring further strength towards its declining channel initiated from the 1.7041 level currently at 1.6460. We envisage this level (channel resistance)may provide strong resistance and turn the pair back down.
EUR/USD
We await for the pair to stabilize at 1.4890 support level by ecPulse.com analysis team
The euro versus dollar indulged in a bearish move since this morning, as we expected in our morning report, where we await for the pair to stabilize at 1.4890
USD/JPY
Above 88.00 we can move up to 93.00 by Avantage Financial GMBH
88.00 is key support and while above this level we are looking for a move back toward the 93 level and as the repatriation flows back to Japan are done after the half year end closed yesterday.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com, Financial Trend Analysis, KBC, Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Review
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 15 | 12:30 | Initial Jobless Claims | 514K | 525K | 524K |
| Oct 15 | 12:30 | Continuing Jobless Claims | 5992K | 6060K | 6067K |
- CORRECT: DATA SNAP: US Jobless Claims −10K To 514K In Oct 10 Week (Dow Jones)
- DATA SNAP: US Jobless Claims −10K To 514K In Oct 10 Week (Dow Jones)
- DJ Table Of US Initial, Continuing Claims (Dow Jones)
Forex Daily Analysis - Forex Trading − U.S. Unemployment Claims to Be at the Forefront of Today's Trading by ForexYard
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 15 | 12:30 | Consumer Price Index (MoM) | 0.2% | 0.1% | 0.4% |
| Oct 15 | 12:30 | Consumer Price Index (YoY) | -1.3% | -1.4% | -1.5% |
DATA SNAP:US Consumer Prices Ease In September (Dow Jones)
The rise in U.S. consumer prices eased in September as food prices fell and energy costs moderated sharply, indicating that a slow economic recovery is keeping inflation contained.
[ Full Story ]- Read the CPI data at Labor Department
- US CPI Ex Food & Energy up 0.2% MoM and 1.5% YoY in Sep (FXstreet.com)
- US CPI rises 0.2% MoM in Sep, −1.3% YoY (FXstreet.com)
- Table of Data On US Real Earnings From Labor Dept. (Dow Jones)
US: Preview of September CPI by Easy Forex
US economic indicators - Import prices and CPI (Sep): annual rates still in negative territory by BHF−Bank
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 15 | 09:00 | Consumer Price Index (YoY) | -0.3% | -0.3% | -0.3% |
| Oct 15 | 09:00 | Consumer Price Index − Core (YoY) | 1.2% | 1.2% | 1.3% |
| Oct 15 | 09:00 | Consumer Price Index (MoM) | 0.0% | 0.1% | 0.3% |
Top Fundamental Stories - CPI in the Euro Zone Fell in September Amid Signs of Econmic Recovery by ecPulse.com
[ Full Story ]- Read the CPI data at Eurostat
- UPDATE: Euro−Zone Consumer Prices Fall Again On Year In Sep (Dow Jones)
- Euro Zone Sep CPI stays unchanged on month, −0.3% on year (FXstreet.com)
- DATA SNAP: Euro−Zone Consumer Prices Fall On Year In Sep (Dow Jones)
US FOMC MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 14 | 18:00 | FOMC Minutes | - | - | - |
Forex: Dollar pulls back from year low after FOMC (FXstreet.com)
[ Full Story ]- Read the Minutes data at Federal Reserve
- Forex: Dollar plunges across the board after FOMC minutes (FXstreet.com)
US: FOMC minutes for the September 22/23 policy meeting by Easy Forex
US: FedWatch - FOMC Minutes from September 22−23, 2009 by BBVA Bancomer
Daily Global Commentary - Minutes of September 22−23 FOMC Meeting – More of the Same by Northern Trust
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 14 | 12:30 | Retail Sales (MoM) | -1.5% | -2.0% | 2.2% |
| Oct 14 | 12:30 | Retail Sales ex Autos (MoM) | 0.5% | 0.2% | -0.5% |
Top Fundamental Stories - Retail Sales Stronger than Expected but Remain Weak, While JPMorgan Reports Profits that Beat Market Estimates! by ecPulse.com
Retail sales dropped in September, as the effect from the government's "Cash for Clunkers" program faded; whereas the program was designed to help auto sales.
[ Full Story ]- Read the Retail Sales data at the Census Bureau
- CURRENCIES: Dollar Hits 14−month Low; Retail Sales Up (Dow Jones)
- CURRENCIES: Dollar Hits 14−month Low; Retail Sales Up (Dow Jones)
- CURRENCIES: Dollar Down As Retail Sales Beat Estimates (Dow Jones)
KBC News Picks - US: Core retail sales up for the second straight month by KBC Bank
Flash Comment - US: Setback in retail sales masks positive details by Danske Bank A/S
U.S:Retail Sales Slackened, but Core Spending Still Positive by Wells Fargo Investments, LLC
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 15 | 14:30 | CA | Bank of Canada Business Outlook Survey | |||
| 15:00 | US | EIA Crude Oil Stocks change | 1M | -1M | ||
| n/a | US | Monthly Budget Statement | -43.3B | -111.4B | ||
| Oct 16 | 07:15 | CH | Adjusted Real Retail Sales (YoY) (Aug) | 0.8% | 1.0% | |
| 09:00 | EMU | Trade Balance n.s.a. (Aug) | €2.5B | €12.6B | ||
| 09:00 | EMU | Trade Balance s.a. (Aug) | €7.9B | €6.8B | ||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Sep) | 1.4% | 1.6% | ||
Educational Resources
Anna Coulling on hedging your spot FX bets. Trading currency seems to be the hot topic at the moment, and has been for some time. No wonder really, with the promise of quick profits and the lure of easy money. It sounds so simple, and in minutes you can be trading away, losing your money faster than you can say ‘margin'.Read Anna Coulling's article
Other articles from YourTradingEdge
Unlocking Volume Analysis by Todd Krueger
The Death of the Buy−and−Hold Investor by Kel Butcher