Friday, Oct 16, 15:37 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
The Trader's Edge: EUR/GBP Revisited by Ross Yamashita
The EUR/GBP seemed to be a currency of interest so let's head back to that particular pair and see what has unfolded thus far. You can refer to our post on this pair from October 6 here.
FX Market Readings: One sided moves in crosses by Dr. S. Sivaraman
Tech Trading: GBP/USD Trend continuation? by César B. Leiceaga
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Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Oct 19, 05:00 GMT
Type of Session: Webinar
Trading Around Your Day Job
Expert: Ryan O'Keefe
Start: Mon, Oct 19, 19:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 19, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Mon, Oct 19, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
| Mon, Oct 19, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Oct 19, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Mon, Oct 19, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
USDJPY: Building On Recovery Strength
FXTechstrategy − USDJPY currently enjoys the support of its daily stochasticsand RSI which are both pointing higher. On the downside, initial support lies at the 90.44 level, its Oct 12'09 high which is now expected to reverse roles. Below there will bring the 88.82 level, its Oct 14'09 high into focus with a break and close below that level targeting its Oct 07'09 low at 88.00. This level serves as the trigger for the resumption of its short term downtrend currently on hold.
EUR/USD
Euro versus dollar started its expected move to the downside by ecPulse.com
The euro versus dollar started its expected move to the downside this morning after building a base upon 1.4930 (expected 1.4960), where it is currently heading towards 1.4820.
GBP/USD
Further jumping is expected by Investija.com
Further jumping is expected, this has a chance to break the top boundary of current formed flag. This action can lead bulls to new highs.
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 REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 16 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 69.4 | 73.6 | 73.5 |
- Dollar, slightly up as Reuters/Michigan consumer sentiment drops unexpectedly (FXstreet.com)
- DJ UMich Prelim Oct Sentiment At 69.4 versus 73.5 September (Dow Jones)
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 16 | 13:15 | Industrial Production (MoM) | 0.7% | 0.1% | 1.2% |
| Oct 16 | 13:15 | Capacity Utilization | 70.5% | 69.7% | 69.9% |
US Sep Industrial Production +0.7%; Consensus +0.2% (Dow Jones)
[ Full Story ]- U.S. Industrial Production rises above expectations; Dollar, little moved (FXstreet.com)
- US Capacity Utilization rises 70.5% in Sep (FXstreet.com)
- US Sep Industrial Production rises 0.7% (FXstreet.com)
US economic indicators - Industrial production (Sep): upward trend slowing markedly by BHF−Bank
Friday Notes - Industrial Production & Capacity Utilization: Car−related boost is over by UniCredit Group
US NET LONG−TERM TIC FLOWS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 16 | 13:00 | Net Long−term TIC Flows | $28.6B | $10.9B | $15.3B |
| Oct 16 | 13:00 | Total Net TIC Flows | $10.2B | - | -$107.7B |
- US Net Long−term TIC Flows up to $28.6B in Aug from $15.3B (FXstreet.com)
EMU TRADE BALANCE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 16 | 09:00 | Trade Balance s.a. | €1.0B | €7.9B | €6.0B |
| Oct 16 | 09:00 | Trade Balance n.s.a. | -€4.0B | €2.5B | €12.3B |
Top Fundamental Stories - Surplus in European Trade Balance Turns into Deficit in August by ecPulse.com
[ Full Story ]- Read the Trade Balance data at Eurostat
- UPDATE: Euro−Zone Trade Balance Swings To Deficit In Aug (Dow Jones)
- Euro Zone Trade Surplus decreases to €1B in Aug from €6.8B (FXstreet.com)
- DATA SNAP: Euro−Zone Trade Balance Swings To Deficit In Aug (Dow Jones)
Top Fundamental Stories - Europe Ahead: Euro Zone Trade Surplus Narrows by ecPulse.com
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)
[ 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)
Inflation Observatory - Headline inflation slows by BBVA Bancomer
Daily Global Commentary - Inflation Remains a Non−Issue, For Now by Northern Trust
US: Preview of September CPI by Easy Forex
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 16 | 13:15 | US | Industrial Production (MoM) (Sep) | 0.7% | 0.1% | 1.2% |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Oct)  | 69.4 | 73.6 | 73.5 | |
| n/a | US | Monthly Budget Statement | -43.3B | -111.4B | ||
| Oct 18 | 23:01 | UK | Rightmove House Price Index (MoM) (Oct) | 0.6% | ||
| 23:01 | UK | Rightmove House Price Index (YoY) (Oct) | -1.5% | |||
| Oct 19 | 01:00 | US | Fed's Bernanke Speech | |||
| 09:00 | EMU | Construction Output s.a (MoM) (Aug) | -2% | |||
Educational Resources
ITC 2009 comes to the end: 3 days of trading, learning and making friends
The city of Barcelona has been the scenario of the most educational event of the year for the last three days. FXstreet.com is proud to have hosted the ITC 2009 and to offer the atendees the opportunity to trade with the experts and put into practice all the theory acquired during the speeches as well as exchange opinions with other traders and with the experts themselves. This way, we have seen different systems and styles… and we are going to return home with a mix of everything, after picking around our favourite tips and strategies. We're − hopefully − all better traders today!! Read our CEO's blog!
Related Resources
FXstreet.com International Traders Conference website